Frequently Asked Questions
For Former Foundation Bank Customers
Can you tell me more about First Commonwealth Bank?
First Commonwealth Financial Corporation (NYSE:FCF), headquartered in Indiana, Pennsylvania, is a financial services company with 135 banking offices in 20 counties throughout western and central Pennsylvania and northern and central Ohio, as well as Corporate Banking Centers in Cleveland and Columbus, Ohio and in Pittsburgh, Pennsylvania. We also have mortgage offices in Hudson and Dublin, Ohio as well as Wexford, Pennsylvania. 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.
Will my branch remain open?
Yes. All Foundation branches will remain open with the same operating hours.
Will the staff at the local branches I bank at be the same?
Yes. You will continue working with the familiar team you know when you call or visit your preferred Foundation Bank branch.
Does First Commonwealth Bank offer deposit insurance?
Yes. First Commonwealth is a strong, secure, and well-capitalized bank and a safe place for your deposits. All deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. This coverage can be increased for larger deposits through titling of accounts. Deposits at Foundation are similarly insured by the FDIC. As a result, the transition will not affect deposit insurance coverage for many customers. If you have accounts at both First Commonwealth and Foundation, under federal law you will continue to receive the same FDIC coverage, as if your accounts were still at separate banks, for six months after the transition. Certificates of Deposit (CDs) will continue to receive separate FDIC insurance coverage until the first maturity date after the six-month period. After six months have passed, if your total account balance(s) exceed $250,000, any excess may not be covered by FDIC insurance.
Is my account number changing?
In almost all cases, your account number will remain the same. If your account number is changing, you have already received a separate mailing from us with your new account number.
When should I stop using my Foundation Bank debit card?
Your Foundation Bank debit card will be available for use until 11:59 p.m. on Sunday, May 20, 2018.
When will I receive my new First Commonwealth debit card?
Your new First Commonwealth debit card will arrive the week of May 14 in a blank white envelope. For security purposes, the envelope does not carry the First Commonwealth logo. Please activate your new card upon receipt by calling 866-392-9952 and following the voice prompts. You will be asked to press 1 to continue the call in English or press 2 to continue the call in Spanish. At the next prompt you will then need to press 2 “for all other inquiries” to activate your card. This process will also walk you through choosing your personal identification number (PIN) for your card. Please take note of your selected PIN as a reset may cause delays.
What ATMs can I access?
Any ATM that you want, as we are permanently refunding all surcharge fees you may incur from using ATMs that are not part of our First Commonwealth, Allpoint or Freedom Alliance Networks. You can begin using your activated First Commonwealth debit or ATM card on Monday, May 21.