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First Commonwealth Selected Recipient of FHLBank’s 2024 Pillars of Community Award

INDIANA, PA (June 17, 2024) ― First Commonwealth Bank was selected by the Federal Home Loan Bank of Pittsburgh (FHLBank) as a recipient of its 2024 Pillars of the Community Award, the FHLBank announced.

The award, FHLBank’s highest organizational honor, is presented annually to member financial institutions that have demonstrated an outstanding commitment to community development and have also demonstrated exemplary efforts and effective use of FHLBank’s community products.  CEO Mike Price will be receiving the award at a recognition event later this month.

“We are honored to receive this award from such a distinguished organization as the FHLBank Pittsburgh,” said Price. “Our commitment to community development and providing the access to capital in new and underserved communities is at the core of our bank’s mission to improve the financial lives of our neighbors and their businesses. I am proud of all of our staff who do such a great job for us to earn this recognition.”

Through the Affordable Housing Program, First Commonwealth Bank has been able to support 40 successful projects, since 2017, to create, rehabilitate and preserve hundreds of units of affordable housing. In 2023, it served 100 first-time homebuyers with nearly half-a-million dollars in down payment and closing cost assistance through First Front Door (FFD). First Commonwealth’s support of the Home4Good program has helped to fund 25 projects across several counties in 2023, providing people with home security.

FHLBank Pittsburgh provides reliable funding and liquidity to its member financial institutions, which include commercial and savings banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia. FHLBank products and resources help support community lending, housing and economic development. As one of 11 Federal Home Loan Banks established by Congress, FHLBank has been an integral and reliable part of the financial system since 1932. Learn more by visiting www.fhlb-pgh.com.

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About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a community bank committed to its mission of improving the financial lives of its neighbors and their businesses. First Commonwealth operates 124 branches throughout Pennsylvania and Ohio and also has business banking centers in Pittsburgh and Harrisburg, Pennsylvania; and Cleveland, Canton, Cincinnati and Columbus, Ohio. First Commonwealth, through subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency, provides a full range of commercial and retail banking services, including mortgage, wealth management and insurance solutions, along with equipment financing and SBA and indirect lending. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com.


Media Contact:
Ron Wahl
724-463-6806
RWahl@fcbanking.com