First Commonwealth Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 0.70% | 5-year CD | 2.27% - National Average |
| 0.15% | 1-year CD | 1.37% - National Average |
| 0.15% | Savings | 0.26% - National Average |
First Commonwealth Bank is headquartered in Indiana and is the 8th largest bank in the state of Pennsylvania. It is also the 163rd largest bank in the nation. It was established in 1880 and as of December of 2018, it had grown to 1,426 employees at 140 locations. First Commonwealth Bank has an A+ health rating.
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Amazing Community Commonwealth Bank
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.
First Commonwealth Bank
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.
Den Of Thieves!
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.
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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 7468 |
| Year Established | 1880 |
| Employees | 1426 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.51% |
| Return on Equity - YTD | 11.68% |
| Annual Interest Income | $292.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $7.81B$7.28B |
| Loans | Q4 2018vs Q4 2017 | $5.74B$5.37B |
| Deposits | Q4 2018vs Q4 2017 | $5.92B$5.60B |
| Equity Capital | Q4 2018vs Q4 2017 | $1.01B$919.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $47.8MM$48.3MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $23.5MM$32.1MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $3.9MM$2.8MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| 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%† | $2.5k | - | 90 - 181 Day CD | |
| 0.10%† | $2.5k | - | 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 |
