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First Commonwealth has assets of approximately $6 billion and is headquartered in Indiana, Pennsylvania. It operates through First Commonwealth Bank, in 15 counties in western and central Pennsylvania. Financial services and insurance products are provided through First Commonwealth Financial Advisors and First Commonwealth Insurance Agency. The company also jointly owns Commonwealth Trust Credit Life Insurance Company, a credit life reinsurance company.
The company serves a variety of customers, including small businesses, large corporations, children who are opening their first savings account, professional men and women, families of every generation, and people who want to secure their wealth for the next generation.
In 2006, First Commonwealth began to implement strategic initiatives to increase market share and grow revenue. Specifically, the company sought to strengthen its relationships with the women's market, young savers, the affluent and emerging affluent, those seeking services for the preservation of wealth, and business clients. The company believes these segments represent the best opportunities for future growth.
1. Company website: http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=100503
2. 2006 Annual Report