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NORFOLK Crushed by mounting losses and unable to raise needed capital, Bank of the Commonwealth was closed by state banking regulators Friday evening.
CARNEGIE, Pa., Nov. 16, 2010 /PRNewswire-USNewswire/ -- First Commonwealth Bank, in conjunction with country music radio station Y108 are joining forces with The Salvation Army to wage war on poverty in Westmoreland County. Last year, nearly 30,000 needy people received assistance from The Salvation Army for a wide variety of services. Yet, the need continues to spike. First Commonwealth Bank stands by The Salvation Army and the great work that they do," said Sue Nelson, First Commonwealth Bank's Senior Vice President. "That is why we are issuing a challenge to other Westmoreland County corporations to step up to the plate and give to the cause. We have a Red Kettle goal of $316,000 and it is critical that we reach it. Thousands of families are depending on us." First Commonwealth Bank...
First Commonwealth Bank has built an advertising campaign around the fact that it accepted no federal bailout money. The Indiana County-based bank is one of several Western Pennsylvania businesses counting on the rhetoric of hard times to help set it apart from rivals. Experts say the campaigns will work only if the messages strike the right note.
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