Brief: First Commonwealth Financial Corp Extends Its Pennsylvania Presence With Acquisition Of Centric Financial Corp

First Commonwealth Financial

30/08/2022 22:36

Aug 30 (Reuters) - First Commonwealth Financial Corporation
 FCF.N :
    * FIRST COMMONWEALTH FINANCIAL CORPORATION EXTENDS ITS
PENNSYLVANIA PRESENCE WITH ACQUISITION OF CENTRIC FINANCIAL
CORPORATION
    * FIRST COMMONWEALTH FINANCIAL CORP - PROPOSED DEAL IS
ALL-STOCK
TRANSACTION VALUED AT ABOUT $16.20 PER SHARE, OR ABOUT $144
MILLION IN AGGREGATE
    * FIRST COMMONWEALTH FINANCIAL CORP - CENTRIC BANK WILL
MERGE WITH
AND INTO FIRST COMMONWEALTH'S SUBSIDIARY, FIRST COMMONWEALTH
BANK
    * FIRST COMMONWEALTH FINANCIAL - CENTRIC SHAREHOLDERS TO
RECEIVE
FIXED EXCHANGE RATIO OF 1.09 SHARES OF CO'S COMMON STOCK FOR
EACH CENTRIC COMMON SHARE

Source text for Eikon:  ID:nGNX3fy67m 
Further company coverage:  CFCX.PK 

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