Invest Excess Funds
|Repurchase (Repo) Sweep||With a Repurchase Sweep arrangement, excess funds in your operating
account(s) are automatically swept to an investment* account. Funds remain invested until they are needed to cover checks presented against your operating account.
* Non deposit and investment products offered by First Commonwealth Bank and its affiliates may lose value and are not FDIC insured, not insured by any Federal Government Agency, not guaranteed by the bank and are not deposits.
|Secured Funds Manager (Public Entities Only)||The Secured Funds Manager Program is designed to accommodate the investment of funds associated with bond issue or loan financing undertaken by school districts and other public entities. Secured Funds Manager enables the client to invest proceeds at interest rates comparable to longer-term investments while maintaining liquidity so that they can cover the expenses associated with the project. Monthly statements and internet reporting provide the client with important information relative to balances, transactions, interest earned and yields.|