First Commonwealth Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.70% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.15% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.05% | Savings | American Dream Savings 1.00% - Ally Bank Online Savings Account |
First Commonwealth Bank is headquartered in Indiana and is the 8th largest bank in the state of Pennsylvania. It is also the 164th largest bank in the nation. It was established in 1880 and as of June of 2016, it had grown to 1,168 employees at 109 locations. First Commonwealth Bank has an A health rating.
Watch Out!
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!
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!
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 7468 |
| Year Established | 1880 |
| Employees | 1168 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 7.59% |
| Annual Interest Income | $107.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $6.73B$6.30B |
| Loans | Q2 2016vs Q2 2015 | $4.80B$4.46B |
| Deposits | Q2 2016vs Q2 2015 | $4.41B$4.22B |
| Equity Capital | Q2 2016vs Q2 2015 | $713.0MM$682.0MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $59.8MM$45.3MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $48.8MM$33.5MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $8.6MM$6.5MM |
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.
First Commonwealth Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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% → $10 - $50k | 0.07% → $50k - $75k | |||||
| 0.10%* | $10k* | - | Tower Savers | ||
| OTHER TIERS: 0.05% → $10 - $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $100k* | - | Hometown Money Market (formerly Investment Preferred Plus) | ||
| OTHER TIERS: 0.05% → $10k - $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% → $5k - $10k | 0.03% → $10k - $25k | |||||
First Commonwealth Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 |
First Commonwealth Bank has 108 locations. Click to view all First Commonwealth Bank locations.