Celebrating Our #1 SBA Ranking in Pittsburgh District for 2nd Consecutive Year, Top 5 in PA and OH
Indiana, PA (October 6, 2022) – For the second year in a row, First Commonwealth Bank has achieved the ranking of number one SBA lender, of dollars lent, in the Pittsburgh District for the federal fiscal year that completed on September 30. The Pittsburgh SBA District encompasses 27 counties in western Pennsylvania.
In addition to the #1 ranking in the Pittsburgh District, First Commonwealth achieved the ranking of #2 overall across Pennsylvania and #4 overall across Ohio. The Ohio positioning was due to the Bank’s performance of #3 in the Cleveland District, and #6 in the Columbus, all in dollars lent.
First Commonwealth fully integrated its SBA program in 2018, and has quickly risen into a top five lender in the Pittsburgh, Cleveland and Columbus (includes Cincinnati) Districts. The institution also provides SBA lending in Florida and Texas, which on a national scale, First Commonwealth rose to the ranking of #45, up from #74 last year.
With funding up to a maximum of $5 million dollars per loan, “The 7(a) loan program is SBA's primary program for providing financial assistance to small businesses. The terms and conditions, like the guaranty percentage and loan amount, may vary by the type of loan,” according to the SBA website.
“Being the number one SBA lender in the Pittsburgh district for the second year in a row is something we are all celebrating at First Commonwealth Bank today,” Jeff Rosen, Executive Vice President, Consumer and Business Lending said. “Our entire bank shares a continued focus on being the best bank for business. This top lender status is a quantifiable reflection of our commitment to that and to our mission of improving the financial lives of our neighbors and their businesses. We are humbled by the trust our local business customer’s place in us as their SBA partner.”
About First Commonwealth Financial Corporation
First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a financial services company with 119 community banking offices in western and central Pennsylvania and throughout Ohio, as well as business banking centers in Pittsburgh, Pennsylvania, and Canton, Cincinnati, Cleveland and Columbus, Ohio. The company also operates mortgage offices in Wexford, Pennsylvania, as well as Hudson and Lewis Center, 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. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com.
Vice President / Communications and Media Relations