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First Commonwealth Bank
First Commonwealth Financial Corporation is a financial services company based in Indiana, Pennsylvania, primarily serving the Western and Central Pennsylvania as well as Canton, Ohio and Columbus, Ohio. First Commonwealth has long served the Central Pennsylvania region, but began aggressively expanding into the Western part of the state in the early 2000s (decade), particularly Pittsburgh. In 2016, the bank purchased several Ohio-based banks growing its footprint. It is currently the fifth-largest bank in the Pittsburgh metropolitan area behind PNC Financial Services, Citizens Financial Group, First Niagara Bank, and privately held Dollar Bank Dollar Bank is a full-service regional savings bank serving both individuals and business customers, operating more than 70 offices throughout Pennsylvania, Ohio, and Virginia. The bank's Pennsylvania headquarters is located in downtown Pittsbu .... First Commonwealth is one of the few stronger banks that did not accept TARP funds i ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Canton, Ohio
Canton () is a city in and the county seat of Stark County, Ohio. It is located approximately south of Cleveland and south of Akron in Northeast Ohio. The city lies on the edge of Ohio's extensive Amish country, particularly in Holmes and Wayne counties to the city's west and southwest. As of the 2020 Census, the population of Canton was 70,872, making Canton eighth among Ohio cities in population. It is the largest municipality in the Canton–Massillon metropolitan area, which includes all of Stark and Carroll counties, and was home to 401,574 residents in 2020. Founded in 1805 alongside the Middle and West Branches of Nimishillen Creek, Canton became a heavy manufacturing center because of its numerous railroad lines. However, its status in that regard began to decline during the late 20th century, as shifts in the manufacturing industry led to the relocation or downsizing of many factories and workers. After this decline, the city's industry diversified into the ...
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First Commonwealth Footprint 2010-08
First or 1st is the ordinal form of the number one (#1). First or 1st may also refer to: *World record, specifically the first instance of a particular achievement Arts and media Music * 1$T, American rapper, singer-songwriter, DJ, and record producer Albums * ''1st'' (album), a 1983 album by Streets * ''1st'' (Rasmus EP), a 1995 EP by The Rasmus, frequently identified as a single * '' 1ST'', a 2021 album by SixTones * ''First'' (Baroness EP), an EP by Baroness * ''First'' (Ferlyn G EP), an EP by Ferlyn G * ''First'' (David Gates album), an album by David Gates * ''First'' (O'Bryan album), an album by O'Bryan * ''First'' (Raymond Lam album), an album by Raymond Lam * ''First'', an album by Denise Ho Songs * "First" (Cold War Kids song), a song by Cold War Kids * "First" (Lindsay Lohan song), a song by Lindsay Lohan * "First", a song by Everglow from ''Last Melody'' * "First", a song by Lauren Daigle * "First", a song by Niki & Gabi * "First", a song by Jonas Broth ...
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Troubled Asset Relief Program
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis. The TARP originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion. On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. Purpose TARP allowed ...
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Dollar Bank
Dollar Bank is a full-service regional savings bank serving both individuals and business customers, operating more than 70 offices throughout Pennsylvania, Ohio, and Virginia. The bank's Pennsylvania headquarters is located in downtown Pittsburgh, Ohio headquarters is located in downtown Cleveland, and Virginia headquarters is located in Hampton Roads. History Founding Charles A. Colton (1807-1881), a Hartford, Connecticut native, moved to Pittsburgh with his family in 1850 to sell insurance. Mills, factories, coal mines and other industries in the fast-growing Pittsburgh region were drawing thousands of people annually, Americans and immigrants alike, in search of work. Colton recognized the need for a mutual bank to serve the interests of the working class. On July 19, 1855, Dollar Bank opened for business as "The Pittsburgh Dollar Savings Institution".dollar.bank: About Historical Timeline/ref> For $1, anyone could open a savings account. The first day's deposits tot ...
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First Niagara Bank
First Niagara Bank was a Federal Deposit Insurance Corporation-insured regional banking corporation headquartered in Buffalo, New York. Its parent company, First Niagara Financial Group, Inc. was the 44th-largest bank in the United States with assets of over $37.1 billion as of June 30, 2013. Their slogan is "Do Great Things" History It was founded in 1870 as ''Farmers and Mechanics' Savings Bank'' and was then re-branded as ''Lockport Savings Bank'' in 1967. In 2000 the bank was rebranded as First Niagara. The bank was based in its former home county, Niagara until the 1990s when it spread to nearby Buffalo, New York and its surrounding Erie County. Part of this growth could be attributed to the collapse of the Buffalo-centric banks Goldome and Empire of America. Most of this growth was from the recruitment of new customers, as opposed to the purchase of other firms' assets. Although, in 1998 the bank did purchase the regional insurance brokerage firm ''Warren-Hoffman & Asso ...
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Citizens Financial Group
Citizens Financial Group, Inc. is an American bank headquartered in Providence, Rhode Island, which operates in the states of Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Vermont, Virginia, and Washington, DC. Between 1988 and its 2014 initial public offering, Citizens was a wholly owned subsidiary of The Royal Bank of Scotland Group. The group sold its last 20.9% stake in the company in October 2015. Citizens operates 1,003 branches and 4 wealth centers as of June 22, 2022 and over 3,100 ATMs across 11 states under the Citizens Bank brand. Citizens ranks 17th on the List of largest banks in the United States as of the last day of Q1 2022. History Early history Citizens was established in 1828 as the High Street Bank in Providence, Rhode Island. In 1871, the Rhode Island legislature gave a second charter to establish the Citizens Savings Bank which eventually acquired its parent group to form Ci ...
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PNC Financial Services
The PNC Financial Services Group, Inc. (stylized as PNC) is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 U.S. state, states and the District of Columbia, with 2,629 branch (banking), branches and 9,523 Automated teller machine, ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing. PNC is one of the largest Small Business Administration lenders and one of the largest credit card issuers. It also provides asset-based lending to private equity firms and Middle-market company, middle market companies. PNC operates one of the largest treasury management businesses and the second largest lead arranger of asset-based loan ...
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Pittsburgh Metropolitan Area
Greater Pittsburgh is a populous region centered around its largest city and economic hub, Pittsburgh, Pennsylvania. The region encompasses Pittsburgh's urban core county, Allegheny, and six adjacent Pennsylvania counties: Armstrong, Beaver, Butler, Fayette, Washington, and Westmoreland in Western Pennsylvania, which constitutes the Pittsburgh, PA Metropolitan Statistical Area MSA as defined by the U.S. Census Bureau. As of the 2020 census, the Greater Pittsburgh region had a population of over 2.37 million people. Roughly one-fifth of the entire population of Pennsylvania resides within the region. The core city, Pittsburgh, has a population of 302,971, making it the second-largest city in the state. Over half of the region's population resides within Allegheny County, which has a population of 1.24 million and is the second-largest county by population in the state. Definitions Garrett Nelson and Alasdair Rae's 2016 analysis of American commuter flows, "An Economic G ...
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Pittsburgh
Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania behind Philadelphia, and the List of United States cities by population, 68th-largest city in the U.S. with a population of 302,971 as of the 2020 United States census, 2020 census. The city anchors the Pittsburgh metropolitan area of Western Pennsylvania; its population of 2.37 million is the largest in both the Ohio Valley and Appalachia, the Pennsylvania metropolitan areas, second-largest in Pennsylvania, and the List of metropolitan statistical areas, 27th-largest in the U.S. It is the principal city of the greater Pittsburgh–New Castle–Weirton combined statistical area that extends into Ohio and West Virginia. Pitts ...
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Columbus, Ohio
Columbus () is the state capital and the most populous city in the U.S. state of Ohio. With a 2020 census population of 905,748, it is the 14th-most populous city in the U.S., the second-most populous city in the Midwest, after Chicago, and the third-most populous state capital. Columbus is the county seat of Franklin County; it also extends into Delaware and Fairfield counties. It is the core city of the Columbus metropolitan area, which encompasses 10 counties in central Ohio. The metropolitan area had a population of 2,138,926 in 2020, making it the largest entirely in Ohio and 32nd-largest in the U.S. Columbus originated as numerous Native American settlements on the banks of the Scioto River. Franklinton, now a city neighborhood, was the first European settlement, laid out in 1797. The city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and laid out to become the state capital. The city was named for Italian explorer Christopher Columbus. ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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