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First Commonwealth Bank

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Konstantin Tochonyi - CEO Finanso®
Konstantin Tochonyi - CEO Finanso®

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The exclusive right to First Commonwealth Bank trademarks of third parties, including financial organizations, depicted on Finanso® belongs to their copyright holders in accordance with publications in the open registers of authorized bodies. Trademarks of third parties depicted on finanso.com, are indicated for informational purposes only.

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About Bank

First Commonwealth Bank is a regional bank based in Pennsylvania, USA. The bank provides a range of financial products and services to individuals, businesses, and communities in the region. Some of the services offered by the bank include checking and savings accounts, loans, mortgages, credit cards, wealth management, and online banking.

First Commonwealth Bank operates more than 100 branches across Pennsylvania, Ohio, and other states. The bank also has a network of ATMs and offers mobile banking services that allow customers to manage their accounts, pay bills, deposit checks, and transfer funds from their mobile devices.

First Commonwealth Bank is committed to supporting the communities it serves through various initiatives such as financial education programs, volunteer work, and charitable donations. The financial institution also has a strong focus on technology and innovation, constantly striving to provide its customers with the latest and most convenient banking solutions.

Overall, First Commonwealth Bank is a reputable and reliable financial institution that offers a range of products and services to meet the needs of its customers.

Key Features

Some of the key features of First Commonwealth Bank include:

  1. Online and Mobile Banking. The bank's online and mobile banking services allow customers to check their account balances, transfer funds, pay bills, deposit checks, and more.
  2. Investment and Wealth Management. First Commonwealth Bank offers investment and wealth management services, including financial planning, retirement planning, and investment management.
  3. Business Services. The financial institution provides a range of business services, including business checking and savings accounts, credit cards, loans, lines of credit, merchant services, and more.
  4. ATM and Branch Network. First Commonwealth Bank has over 140 branch locations and 55,000 surcharge-free ATMs nationwide.
  5. Customer Service. The bank provides excellent customer service, with 24/7 support available through its website, online chat feature, and phone support.

Requirements

The requirements to open an account with First Commonwealth Bank may vary depending on the type of account you want to open. However, some general requirements for opening an account with the bank are:

  1. Age. You must be at least 18 years old to open an account on your own. For minors, a parent or guardian may need to be present or provide written consent.
  2. Personal Identification. You need to provide a valid government-issued photo ID, such as a driver's license or passport, to verify your identity.
  3. Social Security Number. You need to present your Social Security Number or Individual Taxpayer Identification Number (ITIN) to open an account.
  4. Address Verification. You need to provide proof of your current address, such as a utility bill or bank statement, to verify your residency.
  5. Initial Deposit. You may need to make an initial deposit to open the account. The amount may vary depending on the type of account you want to open.
  6. Other Requirements. Depending on the type of account, you may need to provide additional documentation, such as business registration documents or a trust agreement.

It's always best to contact the bank directly to confirm the specific requirements for opening an account, as they may vary depending on your location and the type of account you want to open.

Access on the Go

First Commonwealth Bank offers a range of options for accessing your accounts on the go, including:

  1. Mobile Banking. The bank's mobile app allows you to view account balances, deposit checks, transfer funds, pay bills, and more, all from your smartphone or tablet.
  2. Online Banking. First Commonwealth Bank's online banking platform provides access to all of your accounts, allowing you to manage your finances from anywhere with an internet connection.
  3. ATMs. The bank has a network of ATMs throughout Pennsylvania, Ohio, and other states, allowing you to withdraw cash, check your balances, and transfer funds.
  4. Debit Cards. First Commonwealth Bank provides debit cards with its checking accounts, allowing you to make purchases and withdraw cash from ATMs worldwide.
  5. Telephone Banking. You can also access your accounts by phone using First Commonwealth Bank's 24/7 telephone banking service.

Overall, First Commonwealth Bank offers a range of convenient options for accessing your accounts on the go, making it easy to manage your finances no matter where you are.

Products and Services

First Commonwealth Bank offers a range of products and services to meet the financial needs of individuals, businesses, and communities, including:

  1. Checking Accounts. The bank provides several checking account options, including free checking, interest-bearing checking, and student checking.
  2. Savings Accounts. First Commonwealth Bank offers several savings account options, including statement savings, money market savings, and certificates of deposit.
  3. Loans. The bank offers personal loans, auto loans, home equity loans and lines of credit, and mortgages, as well as commercial loans and lines of credit for businesses.
  4. Credit Cards. First Commonwealth Bank provides several credit card options, including cashback cards, rewards cards, and low-interest rate cards.
  5. Wealth Management. The bank's wealth management services include investment management, financial planning, trust and estate planning, and retirement planning.
  6. Business Banking. First Commonwealth Bank provides a range of services for businesses, including checking and savings accounts, credit cards, loans, lines of credit, and merchant services.

Overall, First Commonwealth Bank offers a comprehensive range of financial products and services designed to meet the needs of its customers.

Which associations does First Commonwealth Bank belong to?

First Commonwealth Bank is a member of several associations, including:

  • Federal Deposit Insurance Corporation (FDIC). The bank is insured by the FDIC, which provides deposit insurance to protect customers' deposits in case of bank failure.
  • Pennsylvania Bankers Association (PBA). It represents the banking industry in Pennsylvania and provides advocacy, education, and networking opportunities for its members.
  • Ohio Bankers League (OBL). It represents the banking industry in Ohio and provides advocacy, education, and networking opportunities for its members.
  • American Bankers Association (ABA). It is a national trade association for the banking industry in the United States and provides advocacy, education, and networking opportunities for its members.

    Overall, First Commonwealth Bank is a member of several associations that represent the banking industry and provide various benefits and services to their members.

    First Commonwealth Bank

    FAQ

    Who owns First Commonwealth Bank?

    First Commonwealth Bank is a publicly traded company and is owned by its shareholders. The bank is headquartered in Indiana, Pennsylvania, and operates as a subsidiary of First Commonwealth Financial Corporation, which is also publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol "FCF". First Commonwealth Financial Corporation is a bank holding company that owns several subsidiaries, including First Commonwealth Bank, First Commonwealth Insurance Agency, and First Commonwealth Trust Company. The bank has a community banking model and operates over 140 banking offices throughout western and central Pennsylvania, Ohio, and New York.

    Is First Commonwealth Bank a good bank?

    First Commonwealth Bank has been in business for over 40 years and has a strong reputation in its communities. The bank offers a wide range of products and services to meet the financial needs of individuals and businesses, including checking and savings accounts, loans, credit cards, and wealth management services.

    First Commonwealth Bank also provides a range of convenient options for accessing accounts, including online and mobile banking, ATMs, and telephone banking. The bank is a member of several associations, including the FDIC, PBA, OBL, NYBA, and ABA, which provide additional reassurance and support for its customers.

    However, like any bank, First Commonwealth Bank has its strengths and weaknesses, and each individual's experience may vary. It's important to carefully review the bank's fees, account requirements, and customer reviews before making a decision. It may also be helpful to compare First Commonwealth Bank to other banks in your area to find the best fit for your needs.

    Is First Commonwealth Bank hard to get approved for?

    The approval process for any financial product or service offered by First Commonwealth Bank may depend on several factors, including the type of product or service, the individual's credit history, income, and other financial information.

    For example, the approval process for a checking account or savings account is usually straightforward, and most individuals should be able to qualify for one of these accounts as long as they meet the bank's account requirements. However, approval for loans or credit cards may be more complex and may depend on factors such as credit score, debt-to-income ratio, and payment history.

    In general, First Commonwealth Bank has a reputation for providing personalized service and working with its customers to find solutions that fit their financial needs. If you are unsure about your eligibility for a specific product or service, it may be helpful to contact the bank directly to discuss your options and receive guidance from a banking professional.

    First Commonwealth Bank disputes number

    If you need to dispute a transaction or have other concerns about your account with First Commonwealth Bank, you can contact their Customer Service team at 1-800-711-BANK (2265). They are available Monday through Friday from 7:00 a.m. to 7:00 p.m. and on weekends from 8:00 a.m. to 2:00 p.m. ET. You can also reach out to their customer service team through their website by logging into your account and sending a secure message or through their online chat feature during business hours.

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    Update 20.03.2023

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