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FIRST COMMONWEALTH INCREASES DIVIDEND

 INDIANA, Pa., Dec. 15 /PRNewswire/ -- First Commonwealth Financial Corporation (NYSE: FCF) today declared a fourth quarter cash dividend of $.25 per share payable on Jan. 15, 1993, to shareholders of record at the close of business Dec. 31, 1992.
 The new annual dividend rate of $1.00 represents a 19 percent increase.
 According to E. James Trimarchi, chairman, president and chief executive officer, "The board of directors has approved this increase because of Frist Commonwealth's excellent performance in 1992 and their assessment of the prospects for continued success in 1993. With this change, First Commonwealth has increased its dividend every year since the corporation's inception in 1983."
 First Commonwealth Financial Corporation is traded on the New York Stock Exchange under the symbol FCF. It was established as a bank holding company in 1982 and currently operates 62 banking offices through its six banking subsidiaries: National Bank of the Commonwealth, based in Indiana; Deposit Bank, headquartered in DuBois, Pa.; Cenwest National Bank in Johnstown, Pa.; First National Bank of Leechburg, Pa.; Peoples Bank and Trust in Jennerstown, Pa.; and Central Bank, headquartered in Hollidaysburg, Pa. The corporation operates a data processing subsidiary, Commonwealth Systems Corporation, and a trust subsidiary, First Commonwealth Trust Company, both headquartered in Indiana. It also has a 50 percent joint venture interest in Commonwealth Trust Credit Life Insurance Company based in Phoenix, Ariz., which provides credit life and credit accident and health insurance to its banks' customers. Total assets of the holding company are approximately $1.6 billion.
 -0- 12/15/92
 /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

DM-MJ -- PG008 -- 7398 12/15/92 16:38 EST
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Publication:PR Newswire
Date:Dec 15, 1992
Words:288
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