| Business Summary | | First
Commonwealth
Financial
Corporation
is
a
bank
holding
company.
The
Company
operates
two
chartered
banks,
First
Commonwealth
Bank
(FCB)
and
Southwest
Bank
(Southwest)
(collectively,
Subsidiary
Banks).
The
Company
also
operates
through
Commonwealth
Systems
Corporation,
a
data
processing
subsidiary,
and
First
Commonwealth
Professional
Resources
Inc.,
a
subsidiary
providing
professional
services
to
affiliated
organizations.
Subsidiary
Banks
engage
in
general
banking
business
and
offer
a
full
range
of
financial
services,
including
such
general
retail
banking
services
as
demand,
savings
and
time
deposits,
as
well
as
mortgage,
consumer
installment
and
commercial
loans.
The
Subsidiary
Banks
operate
a
network
of
83
automated
teller
machines
(ATMs)
that
permit
customers
to
conduct
routine
banking
transactions
around
the
clock. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FCF
is
a
holding
company
for
First
Commonwealth
Bank
and
Southwest
Bank.
Financial
services
and
insurance
products
are
also
provided
through
First
Commonwealth
Trust
Company
and
Insurance
Agency.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$156.5
million.
Net
interest
income
after
loan
loss
provision
fell
3%
to
$63.2
million.
Net
income
fell
2%
to
$24.1
million.
Results
reflect
higher
loans,
offset
by
higher
deposits
and
higher
salaries
and
employee
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| E. James Trimarchi, 78 Chairman | $458K | Joseph O' Dell, 55 Pres,
CEO, Director | 570K | David Dahlmann, 51 Vice
Chairman | 449K | John Dolan, 44 Exec.
VP, CFO | -- | Gerald Thomchick, 45 Sr.
Exec. VP, COO | 399K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|