First Commonwealth Financial Gets Regulatory Approval for Centric Merger

First Commonwealth Financial received all regulatory approvals required to complete the previously announced merger of Centric Financial with and into First Commonwealth Bank.

The Federal Deposit Insurance has approved the merger of Centric Bank with and into First Commonwealth Bank, and the Pennsylvania Department of Banking and Securities also approved the merger. In addition, the Federal Reserve Bank of Cleveland has granted First Commonwealth a waiver of its merger application requirements.

The completion of the merger remains subject to the approval of Centric shareholders and is expected to occur in the first quarter of 2023.