First Commonwealth Bank's Site Goes Down, Restores

Our search online for further information could not result in finding any information as to what may have happend to the website of the First Commonwealth bank. Few things were happening though with the bank itself recently.

First, there was a resignation. Then there was an analyst upgrade. Now the Fcbanking is down.

On August 19 we read in PR-USA that Edward J. Lipkus, III, Executive Vice President and Chief Financial Officer, has resigned from the company effective immediately and will pursue other opportunities. No reason was given, except that he will pursue other opportunities.

Then there came the analyst upgrade. A Janney Montgomery Scott analyst upgraded First Commonwealth Financial Corp. to "Neutral" from "Sell" Wednesday after a recent drop in its stock price, reports Washingtonexaminer.com. According to that article the shares of the First Commonwealth bank had dropped 12 percent in July. I am wondering if the resignation may have something to do with it. However, the article continues that "First Commonwealth also has plenty of capital, and slashing its dividend 75 percent, to 3 cents a share, was a smart cash-saving move, he said."

Fcbanking.com is up now, but no information yet as to what has caused the First Commonwealth Bank's brief outage.

First Commonwealth Financial Corporation is a $6.4 billion financial holding company headquartered in Indiana, Pennsylvania. It operates 115 retail branch offices in 15 counties in western and central Pennsylvania through First Commonwealth Bank, a Pennsylvania chartered bank and trust company. Financial services and insurance products are also provided through First Commonwealth Insurance Agency and First Commonwealth Financial Advisors, Inc.

Written by Armen Hareyan