M&A
confidence high
sentiment positive
materiality 0.75
First Commonwealth completes acquisition of CenterGroup Financial (CenterBank)
FIRST COMMONWEALTH FINANCIAL CORP /PA/
- Merger closed April 30, 2025; CenterGroup shareholders received 6.10 FCF shares per CGFI share.
- Expands First Commonwealth's presence into the Cincinnati, Ohio market via CenterBank.
- Full systems conversion expected in June 2025; customers gain access to 55,000 ATMs and 127 branches.
- CenterBank commercial clients will have access to enhanced cash management and payment processing.