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FIRST COMMONWEALTH DECLARES DIVIDEND

 INDIANA, Pa., Sept. 14 /PRNewswire/ -- First Commonwealth Financial Corporation (NYSE: FCF) today declared a third quarter dividend of $.25 per share payable on Oct. 15, 1993, to shareholders of record at the close of business Oct. 1, 1993.
 "In declaring this dividend, the board indicated their expectation that 1993 will be another successful year for First Commonwealth," noted E. James Trimarchi, chairman, president and chief executive officer. "At our current market price, our dividend yield is approximately 3.25 percent, an attractive return in today's interest rate environment."
 First Commonwealth Financial Corporation is a $1.7 billion central, western Pennsylvania multi-bank holding company. It operates through 62 community offices of its six partner banks: National Bank of the Commonwealth, Indiana; Deposit Bank, DuBois; Cenwest National Bank, Johnstown; First National Bank of Leechburg; Peoples Bank and Trust, Jennerstown; and Central Bank, Hollidaysburg. The corporation also owns Commonwealth Systems Corporation, a data processing subsidiary, and First Commonwealth Trust Company, a financial services subsidiary, both headquartered in Indiana. It jointly owns Commonwealth Credit Life Insurance Company, a credit life insurance company.
 Recently, First Commonwealth announced a definitive agreement to merge the $156 million Peoples Bank of Western Pennsylvania, headquartered in New Castle, Pa., as its seventh independent bank partner.
 -0- 9/14/93
 /CONTACT: George E. Dash, senior vice president of First Commonwealth Financial, 412-349-7220/
 (FCF)


CO: First Commonwealth Financial Corporation ST: Pennsylvania IN: FIN SU: DIV

KC-CD -- PG008 -- 1893 09/14/93 16:02 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
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