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.
Allegheny County Judge R. Stanton Wettick Jr. ruled that a lawsuit can proceed against First Commonwealth Bank on three of eight allegations that it illegally reduced an 8 percent interest rate paid on individual retirement accounts to some customers. Wettick refused to dismiss a claim that the bank breached its contract when it notified IRA holders in 1998 that it was reducing IRA rates to 4.6 percent from 8 percent, but did dismiss other claims.
Established in 1904, First Commonwealth Bank (Prestonsburg, KY) celebrated its 100th birthday on June 9, 2004. First Commonwealth opened for business on June 8, 1904 with the support of 22 original shareholders throughout Floyd County who funded the start-up of the bank. Among those original shareholders was Beriah M Spurlock, uncle of former bank president Burl Spurlock. Spurlock's eldest son, Burl Wells Spurlock, became president and ceo in 1976 and served until 2000, when Greg Wilson took over. Burl Wells Spurlock still serves as chairman of the board of First Commonwealth. The bank focuses on a mission statement that includes exceeding their customers' expectation as well as remaining a locally owned community bank.
An armed robber took an undisclosed amount of money Saturday afternoon from the First Commonwealth Bank at the Salem Plaza along Route 22 in Salem, state police at Kiski Valley said. Police said the man displayed a black revolver when he walked into the bank at 12:30 p.m., and drove away in a light-colored sedan eastbound on Route 22.
BANKING, FINANCE First Commonwealth Bank hired Richard K. Wiethorn as vice president and wealth market leader for First Commonwealth Advisors.
A $10.1 million aluminum skyscraper sold in under a minute on yesterday -- for less than $2,000. First Commonwealth Bank -- which held the mortgage -- was the lone bidder on the 31-story Regional Enterprise Tower and two adjoining Downtown properties, including the Allegheny-HYP Club, a historic set of buildings at William Penn Place and Strawberry Way.
State police are investigating a robbery this afternoon at First Commonwealth Bank in New Alexandria. According to a dispatcher at the Kiski station, a lone bank robber entered the bank about noon and fled with an unknown amount of money. Dispatch reports indicated the robber had a handgun.
BANKING, FINANCE First Commonwealth Bank hired John E. Clingan as vice president and senior commercial real estate lender. Linda D. Metzmaier joined First Commonwealth Financial Corp. as chief compliance officer.
BANKING, FINANCE At First Commonwealth Bank, Adams office, Kent Beck was named assistant vice president and office manager and Amanda Webster was named assistant office manager.
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