Workflow
mobile banking and mobile payment solutions
icon
Search documents
First Commonwealth Completes Acquisition of CenterGroup Financial, Inc.
Globenewswireยท 2025-05-01 11:00
Core Viewpoint - First Commonwealth Financial Corporation has successfully completed the acquisition of CenterGroup Financial, Inc., enhancing its presence in the Cincinnati market and expanding its service offerings to customers [1][2]. Company Overview - First Commonwealth is headquartered in Indiana, Pennsylvania, and operates 125 banking offices across 30 counties in Pennsylvania and Ohio, with additional business banking operations in major cities [5]. - The company provides a comprehensive range of financial services, including commercial banking, consumer banking, mortgage, equipment finance, wealth management, and insurance products through its subsidiaries [5]. Merger Details - The merger with CenterGroup Financial, Inc. includes the integration of CenterBank, which is recognized as a business-focused community bank [2]. - Following a full systems conversion scheduled for June 2025, CenterBank customers will gain access to First Commonwealth's extensive network of 55,000 surcharge-free ATMs and 127 retail offices [2]. Customer Benefits - Customers will benefit from a wider array of products and services, including mortgage and personal loans, wealth management, insurance, and enhanced online and mobile banking solutions [3]. - Commercial customers will have access to various financing solutions, cash management services, and payment processing options [3].