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): March 7, 2012
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 Number) | ||
22 N. Sixth Street, Indiana, PA | 15701 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrants 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 communication 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 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 7, 2012, the Board of Directors of First Commonwealth Financial Corporation (the Company) named T. Michael Price as President and Chief Executive Officer of the Company. Mr. Price has also been appointed to the Companys Board of Directors to serve until the 2012 annual meeting of shareholders. Mr. Price, age 49, has been serving as interim President and Chief Executive Officer of the Company since January 1, 2012. He has also served as President of First Commonwealth Bank, a subsidiary of the Company, since November 2007. Mr. Price was formerly Chief Executive Officer of the Cincinnati and Northern Kentucky Region of National City Bank from July 2004 to November 2007.
A copy of the press release issued by the Company announcing Mr. Prices appointment as President and Chief Executive Officer is attached as Exhibit 99.1 hereto.
Item 9.01 | Financial Statements and Exhibits |
Exhibit |
Description | |
99.1 | Press Release dated March 7, 2012 |
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: March 7, 2012 | FIRST COMMONWEALTH FINANCIAL CORPORATION | |||
(Registrant) | ||||
By: | /s/ Robert E. Rout | |||
Robert E. Rout | ||||
Executive Vice President and Chief Financial Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE |
T. Michael Price Named President and CEO at
First Commonwealth Financial Corporation
Indiana, Pa., (March 7, 2012)First Commonwealth Financial Corporation (NYSE: FCF) today announced that its Board of Directors has named T. Michael Price as President and Chief Executive Officer. Mr. Price was also appointed to First Commonwealth Financial Corporations Board. Mr. Prices appointment as President and CEO follows a national search led by executive recruiting firm Korn/Ferry International.
After concluding an extensive search process, the Board of Directors and I believe Mike Price is ideally suited to lead First Commonwealth into the future, stated David S. Dahlmann, Chairman of the Board. Mike has a deep understanding of our products, our markets, and our community banking heritage. At the same time, he has a proven track record of execution and innovation. I am confident that Mike will be a powerful agent of change for our organization.
Commenting on his appointment, Mr. Price noted, I am honored by the opportunity to work alongside the talented team members at First Commonwealth, and I am excited by the potential that exists within our marketplace. We will be relentlessly focused on building a culture of operating excellence and delivering a consistently superior customer experience.
Prior to his appointment as President & CEO of First Commonwealth Financial Corporation, Mr. Price served as President of First Commonwealth Bank since November 2007. In this capacity, Mr. Price oversaw all bank functions, including Retail Banking, Corporate Banking, Wealth Management, Small Business Banking, Credit Administration, Marketing, and Product Development. Mr. Prices distinguished financial services career spans more than 25 years.
Mr. Price and his wife, Heather, reside in Johnstown, PA with their five daughters.
About First Commonwealth Financial Corporation
First Commonwealth Financial Corporation is a $5.8 billion financial holding company headquartered in Indiana, Pennsylvania. It operates 112 retail branch offices in 15 counties in western and central Pennsylvania through First Commonwealth Bank, a Pennsylvania chartered bank and trust company. Financial services and insurance products are also provided through First Commonwealth Insurance Agency and First Commonwealth Financial Advisors, Inc.
Contact: | ||
Media: | Investor Relations: | |
Susie Barbour | Donald A. Lawry | |
Media Relations Supervisor | Vice President | |
724-463-5618 | 724-349-7220 |
###
?L+S#F;Q[?&"KJ*7?-C
ML91@\8NEV$O"3, XC5?3N*IR7*8EWQ<;L'T]:EK!_`NK:ZW:K;2K_>+BV5L52RG)@YZ"WG
MF0%*)(!F$G"+-]5/)CJ5MY)JT_'=^D"7,B9E.*>G31;
M3S]Q\>YW@HQV/M[L2NJW1;0Y+VQR]S-#5*+-`+N#`1(CI*TT1!L"8B!NR0;C
M_P!8=20M144$^A2!+_-,R/$\H^D`/\1_H\
_#T"POI"IJR"KQ$0!JZ>MXV2,DF/"AD$C*A]W@>II!S)4<9B?N/Y1V+9'3
M-:K6^E+U6L#]P5.H6&05`!*G&W$+5.?I(RJ3/D9$&-=^,]K`E\)F$6_M,_RU
M;57)8211*04E5%"7LTR*O!?O`+D5.[GU].JM@=1)3,-@HEV`&4;/ODFIIOJB
MN"@N5S3>*8-9?B,D4Y06SQP$I2PBJ#Q]O+$\_;1[6%F!<+1D?6=GF=-4>&,I
MS7$2-E52("J/)6I)Y1\``7@H#W<>O/1))<;S2ECX2F?+C..V[KIM+7U?Z;JJ
M-(^9+]L+\@"HN]6697];IA$QV`3$33Q3&L8S]M>9O'-TD4'&A61I-0A4BI>[
M(R#2S/WCQ4J90$RSITN8XG^4P^O1O_U`3R!EW2E&DZE<6KZV$.*=<4E&I:!*
M4`5,C#L'`881S8-BHYE^VP,W;,FJ2;C1#+LBJ0B"1`4?R+*YO73M4I2AW+
MKNE.\QQ]1-ZCU!*U]4#,>0]W[8IJ52W_`*U&U*,EMZFH@E1^)(FR"!V`@8RX
MSCL:_F`/VW!B\?+H9F@0$?E/RUR#R7^/IP(_P'J3(_603_5P_P`T1>U:.K]:
M;;39"G%:IHTA*N>%*,>[&.KJ?$QT?^V^