First Commonwealth to enter Cincinnati market
First Commonwealth Financial Corporation and Garfield Acquisition Corp., the parent company of Cincinnati-based Foundation Bank, have agreed that First Commonwealth will acquire Garfield and Foundation Bank in a cash and stock transaction valued at approximately $58 million.
In the past several years, First Commonwealth has opened a commercial banking center in Cleveland, acquired two banks in Columbus, purchased a branch network in Canton and opened mortgage offices in suburban Akron and Columbus. With a total population of 2.2 million, entering the Cincinnati market is the next logical step for First Commonwealth to continue its Ohio expansion strategy.
Upon closing of the transaction, which is expected in the second quarter, Foundation Bank will merge into First Commonwealth Bank and operate under the First Commonwealth name.
Blair County Chamber sets Business After Hours
The Blair County Chamber of Commerce will hold Business After Hours from 5-7 p.m. Jan. 25 at Presbyterian Village at Hollidaysburg, 201 Jackson St.
Cost to attend is $10 for chamber members and $20 for nonmembers. Reservations can be made by calling the chamber at 943-8151 or online at www.blairchamber.com.
Barnes Saly & Co. supports Murtha Breast Care Center
Representatives from Barnes Saly & Co. recently presented an $8,150 check to the Joyce Murtha Breast Care Center from its 9th Bingo for a Cause fundraiser, a designer purse bingo event that was held in October.
The support helps fund Pink Ribbon Care, a program that provides assistance to patients who are unable to pay for breast-related health services — including mammograms, follow-up diagnostic services and genetic counseling.