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First Commonwealth names David Folkwein as Regional President

Company Release - 5/29/2018 4:30 PM ET

CINCINNATI, May 29, 2018 (GLOBE NEWSWIRE) -- First Commonwealth Bank, a wholly owned banking subsidiary of First Commonwealth Financial Corporation (NYSE:FCF), today announced the appointment of David J. Folkwein as regional president for Cincinnati effective May 29, 2018.

“We are pleased to welcome David Folkwein to First Commonwealth Bank. His extensive experience in commercial and retail banking, coupled with his customer focus and values-driven philosophy will serve us well as we grow this market,” said Mike Price, President and Chief Executive Officer of First Commonwealth Financial Corporation.

“I am very proud to join First Commonwealth Bank,” said Folkwein. “First Commonwealth is a strong franchise with an excellent corporate culture. This bank is large enough to provide the necessary products and services, but small enough for a personal touch and relationship with the customers and communities. I look forward to being a part of the growth of those relationships.”

On May 1, 2018, First Commonwealth announced the completion of its acquisition of Cincinnati based Foundation Bank. This acquisition represents First Commonwealth’s fourth strategic transaction in the state of Ohio since 2015, and its first in the Cincinnati area.

Folkwein joins First Commonwealth Bank from GBQ Partners, LLC, where he held the title of Director of Business Development. In that role, he was responsible for developing new business relationships with middle market and family owned businesses.

Prior to joining GBQ Partners, Folkwein was Executive Vice President/Head of Commercial Division in Northeast Ohio for Fifth Third Bank. A 30-year veteran of the financial services industry, Folkwein has also held leadership positions at DCB Financial Corp, Irwin Union Bank and Bank One/ JP Morgan.

Folkwein holds a Master of Business Administration degree from the University of Toledo and a Bachelor’s degree in accounting from Bowling Green State University.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation (NYSE:FCF), headquartered in Indiana, Pennsylvania, is a financial services company with 140 banking offices in 22 counties throughout western and central Pennsylvania and Ohio, as well as Corporate Banking Centers in Pittsburgh, Pennsylvania and Cleveland and Columbus, Ohio. We also have mortgage offices in Wexford Pennsylvania, as well as Hudson and Dublin, Ohio. 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. It is through these services that we execute our mission to improve the financial lives or our neighbors and their businesses.

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