BNET Industries
Market Cap:$368.3M
Last Fiscal Year Sales:$379.9M
- Public
- US
Dow Jones Description
Much can be written about how we empower our employees, support our communities and contribute to the financial stability of this region. But at First Commonwealth Bank, we realize it's not about us. It's about you. Our motivation comes from embracing our customers' needs.
President & CEO
John J. DolanNumber of Employees 1,473
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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First Commonwealth revises third-quarter loss to $5.9 million
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First Commonwealth Declares Quarterly Dividend
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First Commonwealth revises loss downward to $5.9 million
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Fitch Affirms First Commonwealth Financial Corp.'s Ratings; Outlook Negative
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Janney Montgomery Scott raises First Commonwealth Financial to 'neutral'
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Ahead of the Bell: First Commonwealth upgraded
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First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice President and Chief...
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First Commonwealth Financial CFO resigns
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First Commonwealth posts 2nd-quarter loss
News & Analysis
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first commonwealth financial corp. - All News and Analysis
First Commonwealth Financial Corporation Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question comes from Damon DelMonte – Keefe Bruyette & Woods, Inc. Damon DelMonte – Keefe Bruyette & Woods, Inc. I was just wondering if you could provide a little insight in to the way you guys go about valuing your...
First Commonwealth Financial Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions. Our first question comes from Damon Delmonte from KBW. Please go ahead. Damon Delmonte - KBW Hi, good morning, guys. How are you? Or good afternoon I should say. John Dolan Hi, Damon. Damon Delmonte - KBW I was just wondering if...
Financials in Turmoil? Someone Forgot to Tell These Eleven Pennsylvania Banks
Mike Havrilla submits: Amidst turmoil in the financial sector this week and over the past year, the following is a list of Pennsylvania-based banks and financial services companies with market caps over $100M that have recorded stock price gains over the past year. click to enlarge by Mike Havrilla
Regional Banks: Sensible Choice For Shifting Financial Landscape
Thomas Smicklas submits: With the financial landscape shifting under recent news, especially the quasi-nationalization of Freddie Mac FRE and Fannie May FNM, I believe that it is time to speculate on selected regional banks for both dividend and total return over the next few quarters and beyond. Notice that I...
First Commonwealth Financial Corp, Q2 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Operator Instruction. Our first question comes from Steve Moss from Janney Montgomery Scott. Please go ahead Steve Moss Good afternoon guys. John Dolan Hi Steve. Steve Moss What is still offer the loan growth, I am sorry,...
First Commonwealth Financial Corp Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you sir. Operator instructions. Okay, our first question comes from Tom, excuse me Tim [Brazillo] with KBW. Please go ahead sir. Tim [Brazillo] - KBW Hello good afternoon. I have two questions for you the first one is in regard...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| John J. Dolan | President & CEO |
| Richard Applegate | President, First Commonwealth Finance Advisors |
| Edward J. Lipkus | Executive Vice President and Chief Financial Officer |
| Sue A. McMurdy | CIO & Executive Vice President |
| William R. Jarrett | Executive Vice President & Chief Risk Officer & Chief Audit Executive |
| Eric Renner | Executive Vice President, Consumer Services |
| Thaddeus J. Clements | Executive Vice President, Strategic Resources |
| David R. Tomb | Treasurer, Secretary & Senior Vice President |
| R. John Previte | Senior Vice President, Investments |
| Joseph J. Virostek | Vice President |
| Susan Schellin | Vice President Wealth Management Coordinator |
| Karen Chiappino | Manager, Admin |
| Rich Stimel | Manager, Internal Communications |
| Adam Vorlicek | |
| Camille J Linton | Financial Planning Associate |
| Jason A Hitchman | |
| Staci Evans | Administrative Assistant |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| James W. Newill | Chairman |
| Dale P. Latimer | Board of Directors |
| David S. Dahlmann | Board of Directors |
| John A. Robertshaw | Board of Directors |
| Joseph E. O'Dell | Board of Directors |
| Julia E. Trimarchi Cuccaro | Board of Directors |
| Julie A. Caponi | Board of Directors |
| Ray T. Charley | Board of Directors |
| Robert J. Ventura | Board of Directors |
Mr. Dolan is President and CEO of First Commonwealth Financial Corporation. He formerly served as Executive Vice President and Chief Financial Officer of the corporation. He joined First Commonwealth as VP/Comptroller and CFO in 1980. He has held various executive positions with First Commonwealth's affiliated companies. He serves on 10 non-affiliated organization boards-eight related to economic development-and formerly on the Pennsylvania State Board of Accountancy. He holds a BS degree in business administration from West Liberty State College (WV) and authored the Commercial Banking Chapter of the "Encyclopedia of Accountancy Systems."
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | President & CEO | Current |
| First Commonwealth Financial Corporation | Board of Directors | Current |
| First Commonwealth Financial Corporation | CFO & Executive Vice President | Former |
Rick Applegate has helped clients for more than 30 years toward their goals of accumulating and preserving wealth. Nationally recognized in the field of financial planning and asset management, Rick is a frequent contributor to CNBC, CNN, BloombergTV and other local networks. He is also heard locally each weekday morning on KDKA (1020 AM) during his radio segment, MoneyTalk. Rick has also received a Masters in Taxation from Robert Morris University. Rick is designated as a CERTIFIED FINANCIAL PLANNER , Chartered Life Underwriter, Accredited Investment Fiduciary Auditor and holds Series 6, 7, 63, and 65 Securities licenses. Besides helping clients with personal and business financial planning, he also conducts seminars for corporate employees on general investment and retirement planning issues.
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | President, First Commonwealth Finance Advisors | Current |
| Robert Morris University | Masters In Taxation | Former |
"Mr. Lipkus is Executive Vice President and Chief Financial Officer of First Commonwealth Financial Corporation. He joined First Commonwealth as Senior Vice President and Controller in August 2006. He has served in various executive positions in the past 25 years in the financial services industry, most recently as the First Vice President, Controller and Principal Accounting Officer for a $12 billion bank holding company. He is a Certified Public Accountant and holds a BS degree in accounting from Upsala College and a MBA from Rutgers University. "
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Executive Vice President and Chief Financial Officer | Current |
Sue McMurdy is Executive Vice President and Chief Information Officer (CIO) and has been with First Commonwealth since 1978. She oversees information technology (IT) and operations for the company and is responsible for the strategic development and management of the organization's programming functions, product maintenance, facilities, system upgrades and conversions, and integration of merger partners. She holds a Bachelor of Arts degree in Applied Mathematics from Indiana University of Pennsylvania.
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | CIO & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Executive Vice President & Chief Risk Officer & Chief Audit Executive | Current |
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Executive Vice President, Consumer Services | Current |
"Thaddeus Clements is Executive Vice President/Strategic Resources and has been with First Commonwealth since 1993. He is responsible for directing the Human Resources area of the company including staffing, compensation, benefits, and training. He is also responsible for the company's communications programs. Prior to joining First Commonwealth he held management positions responsible for the areas of human resources, labor relations and public relations. He holds an M.S. Degree in Management from Carnegie Mellon University and an MBA and BS degrees from Indiana University of Pennsylvania. "
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Executive Vice President, Strategic Resources | Current |
David Tomb is Senior Vice President – Secretary/Treasurer and has been affiliated with First Commonwealth since assisting James Trimarchi (former Chairman of the board) in forming Conemaugh Valley Bank (predecessor of First Commonwealth) in 1963. He has assisted in directing the company’s legal business structures which now provide the company with multi-state operational expansion opportunities. He became Secretary/Treasurer and an Executive Officer of First Commonwealth in 1983. He holds a BA Degree from Princeton University and a LLB Degree from the University of Pennsylvania. He is a member of the Tomb & Tomb law firm and the Pennsylvania Bar Association.
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Treasurer, Secretary & Senior Vice President | Current |
| First Commonwealth Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Senior Vice President, Investments | Current |
| First Commonwealth Bank | Senior Executive Vice President and Investment Manager | Current |
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Vice President | Current |
| First Commonwealth Bank | Vice President | Former |
"Susan brings extensive knowledge and professional experience to First Commonwealth Financial Advisors. She holds a BA in Economics from Chatham College, with minors in Accounting and Philosophy, and holds the Series 7, 66 and 24 securities licenses. Prior to joining First Commonwealth, Susan spent 20 years in Senior Management roles in the Financial Services industry. Susan is actively involved in ensuring that First Commonwealth Financial Advisors continues its disciplined approach in assisting clients to achieve financial security and abundance, while leading the firm’s regulatory compliance. "
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Vice President Wealth Management Coordinator | Current |
| First Commonwealth, Inc. | Former | |
| Chatham College | BA In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Manager, Admin | Current |
| First Commonwealth Bank | Manager, Admin | Former |
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Manager, Internal Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Snavely Associates, Ltd. | Designer | Current |
| First Commonwealth Financial Corporation | Current | |
| Philadelphia University | Former |
Camille joined First Commonwealth Financial Advisors in August of 2007 and works closely with the firm’s advisors in all aspects of the financial planning process. She is a graduate of Syracuse University with a B.S. in Electrical Engineering and received her Executive Certificate in Financial Planning from Duquesne University. Camille holds the Series 7 and 66 securities licenses, the Life, Accident and Health insurance license and is currently working towards earning the CERTIFIED FINANCIAL PLANNER™ certification.
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Financial Planning Associate | Current |
| Syracuse University | B.S. In Electrical Engineering | Former |
| Duquesne University | Certificate In Financial Planning | Former |
| Organization | Position | Status |
|---|---|---|
| Cookson, Peirce & Co., Inc. | Assistant Vice President | Current |
| First Commonwealth Financial Corporation | Current | |
| Financial Planning Association | Board of Directors | Current |
| The Goldman Sachs Group, Inc. | Financial Analyst | Former |
| University of Pittsburgh School of Law | Juris Doctorate | Former |
| University of Pittsburgh | Bachelor of Arts Degree In Business | Former |
Client service support and administrative assistance are important ongoing functions, which Staci provides with enthusiasm and professionalism. Staci holds an Associates Degree in Business Administration from the Bradford School as well as a PA Life and Health insurance license. To contact a First Commonwealth Financial Advisor representative, please call (724) 933-4515 or Contact Us.
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Administrative Assistant | Current |
| First Commonwealth Bank | Former |
Mr. Newill is a Certified Public Accountant and formerly President, J.W. Newill Company (public accounting).
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Chairman | Current |
Mr. Latimer is Chairman of the Board and Chief Executive Officer, R & L Development Company (heavy construction). He is a Director of First Commonwealth Bank and New Mexico Bancshares.
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Board of Directors | Current |
Mr. Dahlmann is an Adjunct Professor, Saint Vincent College; currently Chairman of the Corporation; formerly President and Chief Executive Officer of Southwest Bank (which was acquired by the Corporation in 1998). Director of First Commonwealth Bank, First Commonwealth Insurance Agency and First Commonwealth Financial Advisors.
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Board of Directors | Current |
| First Commonwealth Financial Corporation | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Board of Directors | Current |
| First Commonwealth Financial Corporation | President & CEO | Former |
Ms. Cuccaro has served on the board of First Commonwealth Bank since 1995. Prior to that she had been a director of National Bank of the Commonwealth, a predecessor of First Commonwealth Bank, since 1992. She is also a director of First Commonwealth Insurance Agency and First Commonwealth Financial Advisors.
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Board of Directors | Current |
"Mrs. Caponi is Vice President, Internal Audit at Alcoa Incorporated. She is a Certified Public Accountant and formerly was an audit partner at Deloitte & Touche LLP. Mrs. Caponi is also a Director of First Commonwealth Bank. "
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Board of Directors | Current |
"Rick Applegate has helped clients for more than 30 years toward their goals of accumulating and preserving wealth. Nationally recognized in the field of financial planning and asset management, Rick is a frequent contributor to CNBC, CNN, BloombergTV and other local networks. He is also heard locally each weekday morning on KDKA (1020 AM) during his radio segment, MoneyTalk. Rick has also received a Masters in Taxation from Robert Morris University. Rick is designated as a CERTIFIED FINANCIAL PLANNER™, Chartered Life Underwriter, Accredited Investment Fiduciary Auditor™ and holds Series 6, 7, 63, and 65 Securities licenses. Besides helping clients with personal and business financial planning, he also conducts seminars for corporate employees on general investment and retirement planning issues. "
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Board of Directors | Current |
"Mr. Ventura joined the First Commonwealth Financial Corporation Board at their regular meeting in July 2004 as a result of the successful conclusion of the merger of GA Financial Inc. and First Commonwealth. Mr. Ventura is a Principal with the Ventura Group, LLC, located in Pittsburgh, PA and also served as a director of GA Financial Inc. "
| Organization | Position | Status |
|---|---|---|
| First Commonwealth Financial Corporation | Board of Directors | Current |
Executive News
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First Commonwealth Financial CFO resigns
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First Commonwealth says CFO Edward Lipkus resigns
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Business news briefs: 8/19/09
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Business news briefs: 8/19/09 (Today)
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First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice President and Chief Financial Officer
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BRIEF-First Commonwealth says CFO resigns
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First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice...
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First Commonwealth Financial Announces Resignation Of CFO - Quick Facts
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First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice President and Chief Financial Officer
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