First Commonwealth Financial C – GuruFocus.com

INDIANA, Pa., Nov. 18, 2022 (GLOBE NEWSWIRE) — First Commonwealth Financial Corporation (:FCF) (“First Commonwealth”) announced today that it has received all regulatory approvals required to complete the previously announced merger of Centric Financial Corporation (“Centric”) with and into First Commonwealth and Centric Bank’s merger with and into First Commonwealth Bank.

The Federal Deposit Insurance Corporation has approved Centric Bank’s merger with and into First Commonwealth Bank, and the Pennsylvania Department of Banking and Securities has approved Centric’s merger with and into First Commonwealth and the merger of its subsidiary banks. In addition, the Federal Reserve Bank of Cleveland has granted First Commonwealth a waiver of the requirements for the merger proposal.

Completion of the merger is subject to Centric shareholder approval and is expected to occur in the first quarter of 2023.

ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT

First Commonwealth and Centric have filed a proxy statement/prospectus and other relevant documents with the SEC in connection with the merger.

CENTRIC SHAREHOLDERS ARE RECOMMENDED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT IS AVAILABLE AND ALL OTHER RELEVANT DOCUMENTS FILED WITH THE SEC AND ANY AMENDMENTS OR AMENDMENTS TO THESE DOCUMENTS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.

The proxy statement/prospectus and other relevant materials (when they become available) and any other documents that First Commonwealth and Centric have filed with the SEC are available free of charge at the SEC’s website at www.sec.gov. In addition, investors and security holders may obtain free copies of documents First Commonwealth has filed with the SEC by contacting Matthew C. Tomb, Chief Risk Officer and General Counsel, First Commonwealth, 601 Philadelphia Street, Indiana, PA 15701, telephone : (800) 711-2265; and may obtain free copies of the proxy statement/prospectus by contacting Sandra L. Schultz, Chief Financial Officer, Centric Financial Corporation, 4320 Linglestown Road, Harrisburg, PA 17112 Telephone: (717) 657-7727.

Centric and certain of its directors and officers may be considered participants in the solicitation of proxies from Centric shareholders in connection with the proposed merger. Information regarding these participants’ ownership of Centric common stock will be set forth in the merger proxy statement/prospectus when it becomes available.

This announcement does not constitute an offer to sell or a solicitation of an offer to sell, subscribe for or buy any securities, nor shall there be any sale, issue or transfer of securities in any jurisdiction in which such an offer, such solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Nor is this announcement an invitation to vote in any jurisdiction pursuant to the Proposed Transactions or otherwise. No offer of securities or solicitation will be made except by means of a prospectus satisfying the requirements of Section 10 of the Securities Act, 1933, as amended.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation (:FCF), headquartered in Indiana, Pennsylvania, is a financial services company with 119 community bank branches in 26 counties in western and central Pennsylvania and throughout Ohio, and commercial banks in Pittsburgh, Pennsylvania, Canton, Cleveland, Columbus and Cincinnati , Ohio. The company also operates mortgage offices in Wexford, Pennsylvania and in Hudson and Lewis Center, Ohio. First Commonwealth, through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency, offers a full range of commercial banking, consumer banking, mortgage, equipment finance, wealth management and insurance products and services.

About Centric Financial Corporation

Founded in 2007, Centric Financial Corporation and its subsidiary, Centric Bank, are headquartered in south-central Pennsylvania, have $1.1 billion in assets and remain a leader in organic loan growth. Centric Bank is a locally-owned and locally-credited community bank providing competitive and growth-enhancing financial services to businesses, professionals, individuals, families and the healthcare industry. An American Banker 2021, 2020, 2019, and 2018 Best Banks to Work For, three times Best Places to Work, top 50 fastest growing companies for eight years, and four times ranked by American Banker as a Top 200 Publicly Traded Community Bank for Finance Achievement.

Centric Bank has financial centers in Harrisburg, Hershey, Mechanicsburg, Camp Hill, Doylestown, Devon and Lancaster, credit manufacturing offices in Lancaster and Devon, and an operating and executive office campus in Hampden Township, Cumberland County. To learn more about Centric Bank, call 717.657.7727 or visit CentricBank.com. Connect with them on Twitter, Facebook, LinkedIn and Instagram.

Centric Financial Corporation is traded over the counter (OTC-Pink) with the ticker symbol CFCX.

Forward-looking statements:

This joint press release from First Commonwealth and Centric contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act, relating to current or future trends or factors affecting the banking industry and, more particularly, the financial operations, markets and products of First Commonwealth and Centric .

Forward-looking statements are typically identified by words such as “believe”, “plan”, “expect”, “anticipate”, “intend”, “outlook”, “estimate”, “project”, “will”, “should”. , “project”, “goal” and other similar words and expressions. These forward-looking statements involve certain risks and uncertainties. In addition to the factors previously disclosed in First Commonwealth’s reports filed with the SEC and the factors discussed elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from the forward-looking statements or the historical performance: ability to meet other closing conditions for the merger, including Centric shareholder approval; delay in completing the merger; difficulties and delays in integrating the businesses of Centric and First Commonwealth or fully realizing cost savings and other benefits; post-merger business interruption; changes in asset quality and credit risk; the inability to sustain sales and earnings growth; changes in interest rates and capital markets; Inflation; customer acceptance of First Commonwealth products and services; borrowing, repayment, investment and deposit practices of customers; customer disintermediation; introduction, withdrawal, success and timing of business initiatives; competition conditions; the inability to realize anticipated cost savings or revenues or to implement integration plans and other consequences related to mergers, acquisitions and divestitures; economic situation; and the impact, magnitude and timing of technological changes, capital management activities and the actions and policies of federal and state banking regulators, legislative and regulatory actions and reforms. First Commonwealth Financial Corporation and Centric Financial Corporation undertake no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.

CONTACT

media work:

Jonathan E Longwill
Vice President / Communications and Media Relations
Phone: 724-463-6806
E-mail: [email protected]

Investor Relations:

Ryan M.Thomas
Vice President / Finance and Investor Relations
Phone: 724-463-1690
E-mail: [email protected]

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