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Company type | Public |
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NYSE: FCF S&P 600 component | |
Industry | Banking and Finance |
Founded | (1857) as First Commonwealth Bank (1982) as First Commonwealth Financial Corporation |
Headquarters | Indiana, Pennsylvania, United States |
Area served | Western Pennsylvania, Central Pennsylvania, Central Ohio |
Products | Financial services |
Number of employees | 1,454 [1] |
Parent | First Commonwealth Financial Corporation |
Website | www |
First Commonwealth Financial Corporation is a financial services company based in Indiana, Pennsylvania, primarily serving the Western and Central Pennsylvania as well as Canton, Ohio and Columbus, Ohio.
First Commonwealth has long served the Central Pennsylvania region, but began aggressively expanding into the Western part of the state in the early 2000s (decade), particularly Pittsburgh. In 2016, the bank purchased several Ohio-based banks growing its footprint. It is currently the fifth-largest bank in the Pittsburgh metropolitan area behind PNC Financial Services, Citizens Financial Group, First Niagara Bank, and privately held Dollar Bank. [2]
First Commonwealth is one of the few stronger banks that did not accept TARP funds in 2008. [3]
Citizens Financial Group, Inc. is an American bank holding company, headquartered in Providence, Rhode Island. The company owns the bank Citizens Bank, N.A., which operates in the U.S. states of Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Virginia, as well as Washington, DC.
Downtown Pittsburgh, colloquially referred to as the Golden Triangle, and officially the Central Business District, is the urban downtown center of Pittsburgh, Pennsylvania, United States. It is located at the confluence of the Allegheny River and the Monongahela River whose joining forms the Ohio River. The triangle is bounded by the two rivers.
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.
National City Corporation was a regional bank holding company based in Cleveland, Ohio, founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing the first mortgage in America. The company operated through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, Florida, and Wisconsin, and also served customers in selected markets nationally. Its core businesses included commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. The bank reached out to customers primarily through mass advertising and offered comprehensive banking services online. In its last years, the company was commonly known in the media by the abbreviated NatCity, with its investment banking arm even bearing the official name NatCity Investments.
KeyBank is an American regional bank headquartered in Cleveland, Ohio, and the 25th largest bank in the United States. Organized under the publicly traded KeyCorp, KeyBank was formed from the 1994 merger of the Cleveland-based Society Corporation, which operated Society National Bank, and the Albany-headquartered KeyCorp. The company today operates over 1,000 branches and 40,000 ATMs, mostly concentrated in the Midwest and Northeast United States, though also operates in the Pacific Northwest as well as in Alaska, Colorado, Texas and Utah.
Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. Its banking subsidiary, The Huntington National Bank, operates 1047 banking offices, primarily in the Midwest: 459 in Ohio, 290 in Michigan, 80 in Minnesota, 51 in Pennsylvania, 45 in Indiana, 35 in Illinois, 32 in Colorado, 29 in West Virginia, 16 in Wisconsin, and 10 in Kentucky.
First Niagara Bank was a Federal Deposit Insurance Corporation-insured regional banking corporation headquartered in Buffalo, New York. Its parent company, First Niagara Financial Group, Inc. was the 44th-largest bank in the United States with assets of over $37.1 billion as of June 30, 2013.
One PNC Plaza is a high-rise office building located in the Golden Triangle neighborhood of the Central Business District of Pittsburgh, Pennsylvania, United States. Constructed in 1972, it is 129.24 m (424.0 ft) 30 stories. It houses the general offices for PNC Financial Services. The building is the former location of PNC's corporate headquarters before completion of the Tower at PNC Plaza.
WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.
The Browns–Steelers rivalry or Turnpike Rivalry is a National Football League (NFL) rivalry between the Cleveland Browns and Pittsburgh Steelers.
James E. Rohr is former chairman of PNC Financial Services Group and former CEO. Rohr served as CEO from May 2000 to April 2013 and as chairman from May 2001 to April 2014, both times taking over for Tom O'Brien. He was the chairman of the Carnegie Mellon University Board of Trustees until the start of the 2021 Academic year.
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis.
Northwest Bank is a bank headquartered in Warren, Pennsylvania. It is the leading subsidiary of Northwest Bancshares, Inc., a bank holding company, and operates 170 branches in central and Western Pennsylvania, Western New York, Northeast Ohio, Appalachian Ohio, and Indiana.
The National City acquisition by PNC was the deal by PNC Financial Services to acquire National City Corp. on October 24, 2008 following National City's untenable loan losses during the subprime mortgage crisis. The deal received much controversy due to PNC using TARP funds to buy National City only hours after accepting the funds while National City itself was denied funds, as well as civic pride for the city of Cleveland, Ohio, where National City was based.
The PNC Bank Building is a 368 ft (112 m) tall skyscraper located at 405 Madison Avenue in Downtown Toledo, Ohio. The limestone-faced steel-frame building was constructed in 1930 and is an example of the Art Deco style of architecture. It stood as Toledo's tallest building for 39 years, from its completion in 1930 until the completion of the Tower on the Maumee in 1969. The PNC Bank Building is currently the third-tallest building in Toledo.
Integra Financial Corporation was a Pittsburgh-based bank that was eventually acquired by National City Corp. in May 1996 as one of National City's first attempts at becoming a major powerhouse in American banking.
The Mellon National Bank Building at 500 Smithfield Street in downtown Pittsburgh, Pennsylvania, was completed in 1924 after Mellon acquired the property in August 1916 from the Baltimore & Ohio Railroad which had their regional offices on the site.
The Buffalo area economy consists of a mix of industrial, light manufacturing, high technology, and service-oriented private sector companies. Instead of relying on a single industry or sector for its economic future, the region has taken a diversified approach that has the potential to create opportunities for growth and expansion in the 21st century.