Pennsylvania Business Report

First Commonwealth Financial Corporation acquires CenterGroup Financial

Featured
By Liz Carey  |  December 20, 2024

Indiana, Pa.-based First Commonwealth Financial Corporation said it had acquired CenterGroup Financial, Inc. of Cincinnati in an all-stock transaction valued at more than $54 million this week. Officials said CenterGroup will merge with and into First Commonwealth, significantly increasing First Commonwealth’s presence in the Cincinnati market. The merger is expected to add approximately $348.4 million in total assets to First Commonwealth Cincinnati franchise, as well as add three branch ...

Read More