First Commonwealth Bank - M&A Summary and Business Overview

Financial ServicesCompany

First Commonwealth Bank M&A Summary

First Commonwealth Bank has acquired 6 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

First Commonwealth Bank’s largest acquisition to date was in 2022, when it acquired Centric Financial for $144M. First Commonwealth Bank has acquired in 3 different US states. The Company’s most targeted sectors include financial services (84%) and distribution (17%).

First Commonwealth Bank Business Overview

Where is First Commonwealth Bank headquartered?

First Commonwealth Bank is headquartered in Indiana, Pennsylvania.

What is First Commonwealth Bank’s revenue?

First Commonwealth Bank disclosed revenue of 411M USD for 2022 and 385M USD for 2021.

How many employees does First Commonwealth Bank have?

First Commonwealth Bank has 1,403 employees.

What sector is First Commonwealth Bank in?

First Commonwealth Bank is a financial services company.

When was First Commonwealth Bank founded?

First Commonwealth Bank was founded in 1934.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

First Commonwealth Bank

First Commonwealth Financial Corp.

601 Philadelphia Street,
Indiana, Pennsylvania 15701
United States,
(724) 349-7220
www.fcbanking.com

First Commonwealth Bank is a financial holding company.It operates 110 retail branch offices in 15 counties in western and central Pennsylvania through First Commonwealth Bank a Pennsylvania chartered bank and trust company. Insurance products are also provided through First Commonwealth Insurance Agency. First Commonwealth Bank was incorporated in 1934 and is based in Indiana, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 - - 1 - - 6
vol $157M $144M $301M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Centric Financial Corp. 2022-08-30 144M USD Merger
Harrisburg, Pennsylvania · www.centricbank.com
Electric Sweeper Service Co. 2019-06-20 - Secondary Buyout
Twinsburg, Ohio · www.essco.net
Santander Bank, N.A. - 14 Branches 2019-04-22 - Divestiture
Boston, Massachusetts
Laurel Capital Group Inc. 2006-08-30 58M USD Merger
Allison Park, Pennsylvania · www.laurelsb.com
GA Financial Inc. 2004-05-24 71M USD Add-on Acquisition
Pittsburgh, Pennsylvania
Pittsburgh Financial Corp. 2003-12-05 28M USD Add-on Acquisition
Wexford, Pennsylvania
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
First Commonwealth Bank    - First Commonwealth Bank - 5 Branch Offices 2005-12-13 1
Indiana, Pennsylvania · www.fcbanking.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (83%) 301M (100%) - -
Distribution 1 (17%) - - -
Total 6 $301M - -

By Geo

State/Country Buy Value Sell Value
United States 6 301M - -
  Pennsylvania 4 301M - -
  Ohio 1 - - -
  Massachusetts 1 - - -
Total 6 $301M - -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
1
Legal Deals
Sherman & Howard
1
Squire Patton Boggs
1

Deal Values

buy # Total
$100M to $1B 1 $144M
< $100M 3 $157M
TOTAL $301M
Largest Centric Financial Corp.
$144M (2022-08-30)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
17%
1 (17%)

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