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First Commonwealth Financial Corporation Receives Regulatory Approval for CenterGroup Financial, Inc. Merger
INDIANA, Pa., March 18, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) (“First Commonwealth”) today announced that it has received all regulatory approvals required to complete the previously announced merger of CenterGroup Financial, Inc. (“CGFI”) with and into First Commonwealth and the merger of CenterBank with and into First Commonwealth Bank. The Federal Deposit Insurance Corporation has approved the merger of CenterBank with and into First Commonwealth Bank,
About this update from First
[{"type":"image","alt":"First Commonwealth Financial Corporation","displaySize":"","headline":null,"caption":"First Commonwealth Financial Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":263,"height":53,"url":"https://media.zenfs.com/en/globenewswire.com/7b4d4b4796003f04a002b724e91f0d0f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_v8gwBv32eja3T.69_ZbLA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/7b4d4b4796003f04a002b724e91f0d0f","width":263,"height":53}},"lazy":false},{"type":"text","content":"INDIANA, Pa., March 18, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) (“First Commonwealth”) today announced that it has received all regulatory approvals required to complete the previously announced merger of CenterGroup Financial, Inc. (“CGFI”) with and into First Commonwealth and the merger of CenterBank with and into First Commonwealth Bank.","length":380,"tagName":"p"},{"type":"text","content":"The Federal Deposit Insurance Corporation has approved the merger of CenterBank with and into First Commonwealth Bank, and the Pennsylvania Department of Banking and Securities has approved the merger of CGFI with and into First Commonwealth and the merger of the subsidiary banks. In addition, the Federal Reserve Bank of Cleveland has granted First Commonwealth a waiver of its merger application requirements.","length":412,"tagName":"p"},{"type":"text","content":"The completion of the merger remains subject to the approval of CGFI shareholders and is expected to occur in the second quarter of 2025.","length":137,"tagName":"p"},{"type":"text","content":"ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT ","length":60,"tagName":"p"},{"type":"text","content":"First Commonwealth and CGFI have filed a proxy statement/prospectus and other relevant documents with the SEC in connection with the merger.","length":140,"tagName":"p"},{"type":"text","content":"THE SHAREHOLDERS OF CGFI ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.","length":264,"tagName":"p"},{"type":"text","content":"The proxy statement/prospectus and other relevant materials (when they ...