8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 11, 2015

First Commonwealth Financial Corporation

(Exact name of registrant as specified in its charter)

Pennsylvania	001-11138	25-1428528
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

601 Philadelphia Street, Indiana, PA	15701
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (724) 349-7220

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

On May 11, 2015, First Commonwealth Bank, the banking subsidiary of First Commonwealth Financial Corporation (the “Company”), and First Community Bank, an Ohio state-chartered commercial bank (“First Community Bank”), issued a joint press release announcing the execution of an Agreement and Plan of Merger, dated as of May 11, 2015, pursuant to which First Community Bank will merge with and into First Commonwealth Bank. The press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. A slide presentation regarding the acquisition of First Community Bank which management of the Company has made available to investors is furnished herewith as Exhibit 99.2 and incorporated herein by reference.

Item 9.01    Financial Statements and Exhibits

99.1 Press release dated May 11, 2015 announcing the acquisition of First Community Bank

99.2 Slide presentation regarding the acquisition of First Community Bank

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 11, 2015

FIRST COMMONWEALTH FINANCIAL CORPORATION

By:    /s/ James R. Reske        

Name: James R. Reske

Title: Executive Vice President and

Chief Financial Officer

EX-99.1

Exhibit 99.1    

FOR IMMEDIATE RELEASE                

First Commonwealth to Enter the Columbus, Ohio Market

through the Acquisition of First Community Bank

First Commonwealth Expands Ohio Presence

Indiana, PA, May 11, 2015 - First Commonwealth Bank, the banking subsidiary of First Commonwealth Financial Corporation (NYSE: FCF), and Columbus, Ohio based First Community Bank today jointly announced the signing of a definitive merger agreement pursuant to which First Commonwealth will acquire First Community Bank in an all-cash deal valued at $14.75 million.

"Strategically, this partnership with First Community and its talented group of community-oriented bankers enhances our current lending activity in the Columbus market," said T. Michael Price, Chief Executive Officer of First Commonwealth Financial Corporation. “Entering Columbus has been a strategic priority for us, and this acquisition provides us with an established presence in the market and allows us to serve and expand upon First Community’s well-established customer base.”

"We are delighted to be joining the First Commonwealth team. We view First Commonwealth Bank as the quintessential community bank and believe this partnership will greatly benefit our customers, employees and the communities we serve. First Commonwealth’s enhanced product offering will allow our current clients and communities access to a much wider range of financial solutions," said Sherran Blair, Chairman, President and Chief Executive Officer of First Community Bank.

Upon closing of the transaction, which is expected in the fourth quarter of 2015, First Community Bank will merge into First Commonwealth Bank and operate under the First Commonwealth name. The transaction remains subject to regulatory approval and other customary closing conditions. First Commonwealth estimates that it will achieve cost saves of approximately 40% of First Community’s operating expenses and that the transaction will be accretive to income in the first full year of operations.

First Community was advised by the investment banking firm of Boenning & Scattergood, Inc. and the law firm of Vorys, Sater, Seymour and Pease, LLP. 

Exhibit 99.1    

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation, headquartered in Indiana, Pennsylvania, is a financial services company with $6.3 billion in total assets, 107 banking offices in 15 counties throughout western and central Pennsylvania, and a Corporate Banking Business Center in northeast Ohio.  First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency.

About First Community Bank

First Community Bank is a financial services company with assets of $100 million, loans of $62 million and deposits of $88 million. Headquartered in Columbus, Ohio, First Community Bank operates three full service banking offices in Columbus and one in Sedalia, Ohio.

Forward-Looking Statements

This release contains forward-looking statements about First Commonwealth’s future plans, strategies and financial performance. These statements can be identified by the fact that they do not relate strictly to historical or current facts and often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Such statements are based on assumptions and involve risks and uncertainties, many of which are beyond our control. Risk factors relating both to the transaction and the integration of First Community into First Commonwealth after the effective time include, without limitation:

• Completion of the transaction is dependent on, among other things, receipt of regulatory and any necessary shareholder approvals, the timing of which cannot be predicted with precision at this point and which may not be received at all. 

• The impact of the completion of the transaction on First Commonwealth's financial statements will be affected by the timing of the transaction. 

• The transaction may be more expensive to complete and the anticipated benefits, including anticipated cost savings and strategic gains, may be significantly harder or take longer to achieve than expected or may not be achieved in their entirety as a result of unexpected factors or events. 

Exhibit 99.1    

• The integration of First Community's business and operations into First Commonwealth, which will include conversion of First Community's operating systems and procedures, may take longer than anticipated or be more costly than anticipated or have unanticipated adverse results relating to First Community's or First Commonwealth's existing businesses. 

• First Commonwealth's ability to achieve anticipated results from the transaction is dependent on the state of the economic and financial markets going forward. Specifically, First Commonwealth may incur more credit losses from First Community's loan portfolio than expected and deposit attrition may be greater than expected.

In addition, risk factors include but are not limited to, the risk factors described in First Commonwealth's Annual Report on Form 10-K for the year ended December 31, 2014. Forward-looking statements speak only as of the date on which they are made. First Commonwealth undertakes no obligation to update any forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Contact:

Investor Relations:

Ryan M. Thomas

Vice President / Finance and Investor Relations

724-463-1690

RThomas1@fcbanking.com

###

EX-99.2

Merger Supplement NYSE: FCF First Commonwealth Financial  Corporation Announces Agreement to  Acquire First Community Bank in  Columbus, Ohio May 11, 2015

Merger Supplement Westward Expansion 2 Source: SNL Financial Strategic Rationale  With the acquisition of First Community Bank,  FCF will expand further into Ohio and the  Columbus MSA  The transaction will provide FCF with attractive  new demographics – Higher median household income – Increased historic and projected population  growth  Augments FCF Cleveland Loan Production Office  and senior staff with Ohio lending experience Current FCF branches First Community Bank branches Cleveland Loan Production Office 3.9%  5.1%  3.5%  3.5%  Proj. Pop. Growth '15‐'20 Pop. Growth '10‐'15 U.S. Columbus MSA $56,020  $53,706 Median HH Income

Merger Supplement Acquisition of First Community Bank 3 Purchase Price and Consideration  FCF will pay $14.75 million in aggregate for First Community Bank in Columbus, OH – 100% cash consideration – Approximately 120% of First Community Bank’s tangible book value as of 3/31/2015 – Core deposit premium of approximately 3.6% Financial Impact  Expected cost savings of 40% of First Community Bank’s non‐interest expense, or  approximately $875 thousand (after tax) expected to be fully achieved in 2016  Anticipated earnings accretion of over 2% in 2016  Tangible book value per share dilution of (0.6%) with an estimated earn back period of 3.5  years (crossover method)  Estimated loan credit mark of 3.9%, or approximately $2.4 million Required Approvals and Timing  Customary regulatory approvals   Estimated close: 4Q 2015 Note: Management believes that it is standard practice in the banking industry to present these non‐GAAP measures. These measures provide  useful information to management and investors by allowing them to make peer comparisons. 

Merger Supplement 23.9%  30.3%  13.1%  9.8%  5.0%  37.3%  13.5%  Columbus MSA Market Characteristics 4 Source: US Bureau of Labor Statistics; The Columbus Region Factbook 2015; American Community Survey, 2013 Columbus MSA Dec. ‘14: 3.7% U.S. Dec. ‘14: 5.6% Consistently Low Unemployment Rate (%) 2 4 6 8 10 Dec. 2009 Dec. 2010 Dec. 2011 Dec. 2012 Dec. 2013 Dec. 2014  High‐growth market with attractive employment characteristics Robust Population Growth, 2000‐2015 (%) Columbus MSA Indianapolis MSA Kansas City MSA Louisville MSA Milwaukee MSA Nashville MSA U.S. 16% Government 3% Construction  and Mining 8% Manufacturing 4% Wholesale  Trade 11% Retail Trade 5% Transportation  and Utilities 7% Financial  Activities 18% Professional  and Business  Services 15% Education and  Health 10% Leisure and  Hospitality 3% Other Services Diverse Economy by Employment

Merger Supplement Experience in Ohio 5 Senior Management Experience  Thomas Michael Price, President & CEO – Previously CEO for National City Corporation in the Cincinnati market – Received his MBA from Cleveland State University  Jane Grebenc, EVP & Chief Revenue Officer – Previously in an executive leadership position at PVF Capital Corporation in Solon, Ohio – Experience with National City Corporation and KeyBank NA in Cleveland, Ohio  – Received her bachelor’s degree from John Carroll University in University Heights, Ohio  I. Robert Emmerich, EVP & Chief Credit Officer – Previously EVP & Chief Credit Officer for consumer lending at National City Corporation in Cleveland, Ohio  for 31 years – Received his MBA from Cleveland State University  James R. Reske, EVP, CFO & Treasurer – Previously EVP, CFO & Treasurer at United Community Financial Corporation in Youngstown, Ohio – Experience with KeyBanc Capital Markets, Inc. investment banking in Cleveland, Ohio – Received his master’s degree and a combined bachelor's/master’s degree from The Ohio State University in  Columbus, Ohio Existing Presence in the Region  59 commercial relationships in Ohio totaling $232 million in loans outstanding  Five commercial relationships in the Columbus MSA totaling $50 million in loans outstanding  First Commonwealth Business Center in downtown Cleveland opened in April 2014

Merger Supplement NYSE: FCF For more information, please contact: Ryan M. Thomas  Vice President / Finance & Investor Relations First Commonwealth Financial Corporation 654 Philadelphia Street Indiana, Pennsylvania  15701 (724) 463‐1690 InvestorRelations@fcbanking.com