This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

First Commonwealth Financial Corporation Announces Planned Retirement Of CFO Robert E. Rout

INDIANA, Pa., Nov. 29, 2013 /PRNewswire/ -- First Commonwealth Financial Corporation (NYSE:FCF) today announced that Robert E. Rout, 61, will retire from his position as Executive Vice President, Chief Financial Officer and Treasurer during the first half of 2014.

(Logo: http://photos.prnewswire.com/prnh/20030416/FIRSTLOGO )

Mr. Rout joined the organization as Chief Financial Officer in February 2010.  In this role, he oversaw all financial functions of the organization, including accounting policies, regulatory and tax reporting, budgeting, forecasting and investor relations. 

"For nearly 40 years, Bob has proven himself as a distinguished banking professional and a skilled financial executive," noted T. Michael Price, President & CEO of First Commonwealth Financial Corporation.  "During his time at First Commonwealth, Bob's contributions to improving operating efficiency, maintaining a disciplined control environment and effectively managing our strong capital position have been invaluable in positioning First Commonwealth for future growth."

In addition to his many professional accomplishments, Mr. Rout is actively involved in numerous community, charitable and non-profit organizations.  Following his retirement, he plans to dedicate more time to his volunteer efforts with local and international organizations whose missions are to provide the world's poorest citizens with access to banking services and assisting banks in developing nations.

Rout commented, "I have enjoyed the people, the challenges and participating in the success of First Commonwealth immensely.  Retirement will allow the pursuit of other interests on a more intensive basis."

Over the course of the next few months, Mr. Rout will help to facilitate the CFO transition as the company conducts a comprehensive search for his successor. First Commonwealth will engage an executive recruitment firm to lead the search and advise the company on potential candidates, both internal and external.

About First Commonwealth Financial Corporation: 

First Commonwealth is a $6.2 billion financial holding company headquartered in Indiana, Pennsylvania. It operates 110 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.

SOURCE First Commonwealth Financial Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs