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Stock impact report

First Commonwealth Financial Corporation Expands Presence in Cincinnati with Acquisition of CenterGroup Financial, Inc. [Yahoo! Finance]

First Commonwealth Financial Corporation (FCF) 
Last first commonwealth financial corporation earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: fcbanking.com/why-us
Company Research Source: Yahoo! Finance
INDIANA, Pa. and CINCINNATI, Oh., Dec. 18, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (“First Commonwealth”) (NYSE: FCF), the holding company for First Commonwealth Bank, and CenterGroup Financial, Inc. (“CenterGroup”), the holding company for CenterBank, today jointly announced the signing of an Agreement and Plan of Merger (“Agreement”) providing for the merger of CenterGroup with and into First Commonwealth in an all-stock transaction valued at approximately $54.6 million in the aggregate, based upon the closing stock price of First Commonwealth as of December 17, 2024. Following the merger of CenterGroup with and into First Commonwealth, CenterBank will merge with and into First Commonwealth Bank. The business combination will significantly 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 Cincinna Show less Read more
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