CenterGroup To Merge With And Into First Commonwealth In An All-stock Transaction Valued At $54.6M In Aggregate
First Commonwealth Financial Corporation +0.46%
First Commonwealth Financial Corporation FCF | 18.66 | +0.46% |
Following the merger of CenterGroup with and into First Commonwealth, CenterBank will merge with and into First Commonwealth Bank.
The business combination will increase First Commonwealth's presence in the Cincinnati market, adding approximately $348.4 million of total assets, 3 branch locations, a loan production office and a mortgage office to First Commonwealth's Cincinnati franchise.
