First Commonwealth to Expand Footprint in Cincinnati With New Buyout

First Commonwealth Financial Corporation (FCF) , the parent company of First Commonwealth Bank, has announced the signing of an agreement and plan for an all-stock merger with CenterGroup Financial, Inc., the holding company for CenterBank. The transaction was valued at nearly $54.6 million in aggregate, based on the closing stock price of First Commonwealth as of Dec. 17, 2024.Details of FCF’s Acquisition of CenterGroupAs a result of the agreement, CenterGroup will merge into First Commonwealth, and subseq ...