First Commonwealth to merge with CenterGroup Financial in a $55m deal.

First Commonwealth, a financial services company, agreed to merge with CenterGroup Financial, the holding company for CenterBank, in a $55m deal. “We are excited to partner with First Commonwealth’s growing and profitable franchise and believe the cultural alignment between our organizations is the ideal next chapter for CenterBank’s customers, employees and shareholders. We have admired First Commonwealth’s business and reputation within this market and are excited to be a part of its further expansion in Cincinnati. This combination also adds expanded banking products to our organization resulting in an enhanced experience for our customers, employees and community,” Stewart Greenlee, CenterGroup President and CEO.