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. Dolan
Number of Employees 1,473
Contact Information

22 N 6th St

Indiana, Pennsylvania 15701

www.fcbanking.c...

(724) 349-7220

NAICS Code Commercial Banking: 522110

Recent Events

  • First Commonwealth revises third-quarter loss to $5.9 million

    11/07/09 - Financial Announcement - View Story

  • First Commonwealth Declares Quarterly Dividend

    10/22/09 - Stock Split / Dividend - View Story

  • First Commonwealth revises loss downward to $5.9 million

    11/06/09 - Financial Announcement - View Story

  • Fitch Affirms First Commonwealth Financial Corp.'s Ratings; Outlook Negative

    10/13/09 - Bond / Stock Rating - View Story

  • Janney Montgomery Scott raises First Commonwealth Financial to 'neutral'

    8/26/09 - Bond / Stock Rating - View Story

  • Ahead of the Bell: First Commonwealth upgraded

    8/26/09 - Financial Announcement - View Story

  • First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice President and Chief...

    8/18/09 - Mgmt. Change Leaving - Other - View Story

  • First Commonwealth Financial CFO resigns

    8/19/09 - Mgmt. Change Leaving - CFO - View Story

  • First Commonwealth posts 2nd-quarter loss

    7/27/09 - Financial Announcement - View Story

News & Analysis

first commonwealth financial corp. - All News and Analysis

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

  • First Commonwealth Financial CFO resigns

    SNL Securities - 8/19/09 - View Story

  • First Commonwealth says CFO Edward Lipkus resigns

    CNBC - 8/19/09 - View Story

  • Business news briefs: 8/19/09

    Pittsburgh Post-Gazette - 8/19/09 - View Story

  • Business news briefs: 8/19/09 (Today)

    Pittsburgh Post-Gazette - 8/19/09 - View Story

  • First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice President and Chief Financial Officer

    Financials.com - 8/18/09 - View Story

  • BRIEF-First Commonwealth says CFO resigns

    Forbes.com - 8/18/09 - View Story

  • First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice...

    Reuters - 8/18/09 - View Story

  • First Commonwealth Financial Announces Resignation Of CFO - Quick Facts

    RTTNews.com - 8/18/09 - View Story

  • First Commonwealth Announces Resignation of Edward J. Lipkus, III as Executive Vice President and Chief Financial Officer

    Yahoo! Canada - 8/18/09 - View Story

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     FCF $4.33 +0.04 (0.93% )
Average Volume 561,908
Shares Outstanding 85.06M
Market Cap 368.3M
Year High 12.58
Year Low 4.25
Earnings Per Share -0.16
P/E Ratio -27.06
Dividend 0.12
Yield 2.77
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