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First Commonwealth Bank


Overview / Commentary
www.fcbanking.com
800-711-2265
600 Philadelphia Street
Indiana, PA 15701

First Commonwealth Bank is headquartered in Indiana and is the 7th largest bank in the state of Pennsylvania. It is also the 159th largest bank in the nation. It was established in 1880 and as of September of 2019, it had grown to 1,511 employees at 151 locations. First Commonwealth Bank has an A+ health rating.

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Reviews (5)

Amazing Community Commonwealth Bank

Posted by: |

I've been with First Commonwealth Bank for a long while now. I've used their personal banking where I have both a checkings account which is known as the hometown checking account and the savings account. I had mostly opened up my account online than at a branch but I do believe that the customer service is quite helpful when you're dealing with any problems regarding the account. They also offer student checking as well. The hometown checking does not need a minimum amount deposit to open and there's not a minimum balance to keep but there is a $2 maintenance fee which can be waived. I would definitely recommend this bank as there is not a lot of fees compared to many local, big brand banks.

2

First Commonwealth Bank

Posted by: |

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.

1

Den Of Thieves!

Posted by: |

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.

2

Watch Out!

Posted by: |

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??

9

Worst Bank Ever!

Posted by: |

 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!

6


Health
A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #7468
Year Established1880
Employees1511
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD10.73%
Annual Interest Income$244.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$8.13B$7.67B
LoansQ3 2019vs Q3 2018$6.07B$5.62B
DepositsQ3 2019vs Q3 2018$6.70B$5.91B
Equity CapitalQ3 2019vs Q3 2018$1.07B$1.01B
Loan Loss AllowanceQ3 2019vs Q3 2018$50.0MM$50.7MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$28.1MM$32.0MM
Real Estate OwnedQ3 2019vs Q3 2018$1.6MM$3.9MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Commonwealth Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

First Commonwealth Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%†--American Dream Savings
0.20%*†$10k*-Health Savings Account
OTHER TIERS: 0.05% → $500 - $2.5k | 0.10% → $2.5k - $10k
0.15%†$25-IRA Savings
0.15%*†$10k*-Hometown Savings
OTHER TIERS: 0.10% → Up to $10k
0.15%†$5-Holiday Club
0.15%†$5-Vacation Club
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

First Commonwealth Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
OTHER TIERS: 0.05% → Up to $20k | 0.10% → $20k - $50k | 0.12% → $50k - $100k

First Commonwealth Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%†--IOLTA / MJ-IOTA Accounts
0.02%†--Business Checking Plus
0.01%†$500-Hometown Checking plus Interest
0.01%†$500-Hometown Checking plus Interest plus Solutions

First Commonwealth Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%†$500-60 Month CD
0.55%†$500-48 Month CD
0.35%†$500-36 Month CD
0.30%†$500-30 Month CD
0.25%†$500-24 Month CD
0.20%†$500-12 Month CD
0.20%†$500-18 Month CD
0.15%†$2.5k-182 - 364 Day CD
0.10%†$2.5k-90 - 181 Day CD

First Commonwealth Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%†$500-60 Month IRA CD
0.55%†$500-48 Month IRA CD
0.35%†$500-36 Month IRA CD
0.30%†$500-30 Month IRA CD
0.25%†$500-24 Month IRA CD
0.20%†$500-12 Month IRA CD
0.20%†$500-18 Month IRA CD
0.15%†$500-182 - 364 Day IRA CD
0.10%†$500-90 - 181 Day IRA CD
Locations

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