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First Commonwealth Bank

Popular Accounts at this Bank

0.70%5-year CD60 Month CD
0.15%1-year CD12 Month CD
0.05%SavingsAmerican Dream Savings

Overview / Commentary
600 Philadelphia Street
Indiana, PA 15701

First Commonwealth Bank is headquartered in Indiana and is the 8th largest bank in the state of Pennsylvania. It is also the 163rd largest bank in the nation. It was established in 1880 and as of June of 2017, it had grown to 1,426 employees at 137 locations. First Commonwealth Bank has an A+ health rating.

Reviews (4)

First Commonwealth Bank

I bank at a smaller regional bank in Pennsylvania. I've been banking there for the last 13 years. I bank there mainly for the convenience. There are local branches throughout western Pa in particular. The branch I do most of my banking at is at Alum Bank and the second most is in Claysburg, PA. I currently have 2 checking and one savings account with them. I also have one open personal loan with them as well. They are extremely easy going and great to do business with. They will always call, if there would be an overdraft fee, even though it is setup to automatically transfer the money from savings if this happens, they just call to give me a heads up. In regards to the savings account, it pretty much has floundered getting well under 1% returns. My loan that I have through them, was a very competitive offer compared to the other banks that I shopped at. I ended up choosing them just because they are my bank and it was a very close rate. The online banking is very fluid and hardly ever has downtime. The tools that they have available online are good too.

Den Of Thieves!

Posted by: PaulKay | Sep 24, 2017

They were charging a $5/month fee on my checking account. I finally got tired of being ripped off each month, so I wrote a check for the balance of the account to close it. On the next statement, they "deducted" the $5 and then started charging an $8/day overdraft fee.

Cause the "overdraft" and then start charging fees.

Watch Out!

Posted by: kevinb99 | Dec 29, 2012

First Commonwealth Bank is following the bigger banks now in agressivley going after fees and penalties. The Opt In/Out has resulted in a windfall for the bank. 'Have been seeing things decline there since Mike Price's takeover in March 2012. Used to really love this bank, which had marketed itself as being morally superior, "better" than the others. Don't buy the hype. They are ramping up their money grabbing. Watch out if you own a small business; they market heavily to this group but will bleed you white if given the chance as you try to deal wih inevitable cash flow issues. They cynically take every advantage. I am currently looking to get the hell out of First Commonwealth of PA as soon as I can. Banking in Pittsburgh is atrocious. So much collusion between all of them, including, now, First Commonwealth. Where are the regulators??

Worst Bank Ever!

Posted by: curtsee | Feb 8, 2012

Now this bank has the nerve to lure small busines in local areas into letting them handle their payroll just so they can bank of the interest at their own leisure. Even if the business owner files all info say... on a friday, the employees are at the mercy of the postal service until the following possible, Weds, Thurs, Friday and even as late as the following Tuesday! In this option for small business there is also no chance of direct deposit which would process so much faster than mailing. Way to treat people that live paycheck to paycheck and treat the small business great for only probaly six months until screwing them also in the long run!


Health Grade Components

FDIC Certificate #7468
Year Established1880
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD8.04%
Annual Interest Income$119.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$7.36B$6.73B
LoansQ2 2017vs Q2 2016$5.34B$4.80B
DepositsQ2 2017vs Q2 2016$5.55B$4.41B
Equity CapitalQ2 2017vs Q2 2016$911.0MM$713.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$48.1MM$59.8MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$28.7MM$48.8MM
Real Estate OwnedQ2 2017vs Q2 2016$6.0MM$8.6MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Commonwealth Bank Savings Account Rates

0.20%*$10k*-Health Savings Account
OTHER TIERS: 0.05% $500 - $2,500 | 0.10% $2,500 - $10k
0.15%$25-IRA Savings
0.15%*$10k*-Hometown Savings
OTHER TIERS: 0.10% Up to $10k
0.15%--Holiday Club
0.15%--Vacation Club
0.10%*$75k*-Prime Savings
OTHER TIERS: 0.05% Up to $50k | 0.07% $50k - $75k
0.10%*$10k*-Tower Savers
OTHER TIERS: 0.05% Up to $10k
0.10%*$75k*-Business Savings
OTHER TIERS: 0.05% $500 - $25k | 0.07% $25k - $75k
0.05%--American Dream Savings

First Commonwealth Bank Money Market Rates

0.15%*$100k*-Hometown Money Market
OTHER TIERS: 0.05% Up to $20k | 0.10% $20k - $50k | 0.12% $50k - $100k
0.15%*$100k*-Business Hometown Money Market (formerly Business Investment Preferred Plus)
OTHER TIERS: 0.05% $10k - $20k | 0.10% $20k - $50k | 0.12% $50k - $100k
0.07%*$25k*-Market Maker
OTHER TIERS: 0.02% Up to $10k | 0.03% $10k - $25k

First Commonwealth Bank Checking Account Rates

0.25%$100-IOLTA / MJ-IOTA Accounts
0.02%$100-Small Business Checking Plus
0.01%$500-Hometown Checking plus Interest
0.01%$500-Hometown Checking plus Interest plus Solutions

First Commonwealth Bank CD Rates

0.70%$500-60 Month CD
0.55%$500-48 Month CD
0.30%$500-30 Month CD
0.30%$500-36 Month CD
0.25%$500-24 Month CD
0.15%$500-12 Month CD
0.15%$500-18 Month CD
0.10%$2,500-90 - 181 Day CD
0.10%$2,500-182 - 364 Day CD

First Commonwealth Bank IRA Rates

0.70%$500-60 Month IRA CD
0.55%$500-48 Month IRA CD
0.30%$500-30 Month IRA CD
0.30%$500-36 Month IRA CD
0.25%$500-24 Month IRA CD
0.15%$500-12 Month IRA CD
0.15%$500-18 Month IRA CD
0.10%$500-90 - 181 Day IRA CD
0.10%$500-182 - 364 Day IRA CD