First Commonwealth Financial Corporation appointed Joseph V. DiVito Jr. to its Board of Directors, effective immediately.
Quiver AI Summary
First Commonwealth Financial Corporation has appointed Joseph V. DiVito Jr. to its Board of Directors, effective immediately. DiVito, who recently retired from Pricewaterhouse Coopers LLP after a successful 35-year career, brings extensive expertise in information technology, cybersecurity, regulatory compliance, and governance. His experience spans various industries, including retail, manufacturing, and banking. Chairman Jon Gorney welcomed DiVito, noting that his skills will be crucial in navigating the complexities of the financial and digital landscape. DiVito expressed his honor in joining the board and his commitment to supporting the company’s strategic goals. First Commonwealth Financial Corporation operates community banks throughout Pennsylvania and Ohio, providing a range of banking and insurance services.
Potential Positives
- Appointment of Joseph V. DiVito Jr. to the Board of Directors brings significant expertise in information technology, cybersecurity, regulatory compliance, and governance, which enhances the company's capabilities in managing risk and navigating complex financial landscapes.
- DiVito's extensive experience with a variety of industries and organizations, including high-level advisory roles, is likely to provide fresh insights that bolster strategic decision-making and governance at First Commonwealth.
- The Board Chairman, Jon Gorney's positive remarks about DiVito's expertise indicate strong confidence in his ability to contribute to the company's mission and long-term goals, potentially bolstering investor and customer confidence.
Potential Negatives
- Appointment of Joseph V. DiVito Jr. as a new board member may indicate a need for enhanced expertise in cybersecurity and regulatory compliance, suggesting potential previous gaps in the board's experience.
FAQ
Who was appointed to the First Commonwealth Board of Directors?
Joseph V. DiVito Jr. has been appointed to the First Commonwealth Board of Directors.
What expertise does Joseph V. DiVito Jr. bring to the board?
He brings expertise in information technology, cybersecurity, regulatory compliance, and governance from his extensive career.
What is First Commonwealth Financial Corporation's mission?
The mission of First Commonwealth Financial Corporation is to improve the financial lives of its neighbors and their businesses.
How many branches does First Commonwealth operate?
First Commonwealth operates 127 branches throughout Pennsylvania and Ohio.
What services does First Commonwealth provide?
First Commonwealth offers commercial and retail banking, mortgage, wealth management, and insurance solutions among other services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FCF Insider Trading Activity
$FCF insiders have traded $FCF stock on the open market 48 times in the past 6 months. Of those trades, 3 have been purchases and 45 have been sales.
Here’s a breakdown of recent trading of $FCF stock by insiders over the last 6 months:
- TODD D BRICE has made 2 purchases buying 8,000 shares for an estimated $129,150 and 0 sales.
- JAMES R RESKE (EVP/Chief Financial Officer) has made 0 purchases and 45 sales selling 6,570 shares for an estimated $112,538.
- MICHAEL P MCCUEN (EVP/Chief Banking Officer) purchased 2,826 shares for an estimated $49,935
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FCF Hedge Fund Activity
We have seen 119 institutional investors add shares of $FCF stock to their portfolio, and 93 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST TRUST ADVISORS LP added 1,451,544 shares (+67.6%) to their portfolio in Q2 2025, for an estimated $23,558,559
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- BARTLETT & CO. WEALTH MANAGEMENT LLC added 393,681 shares (+102.1%) to their portfolio in Q3 2025, for an estimated $6,712,261
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To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
INDIANA, Pa., Nov. 03, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) today announced the appointment of Joseph V. DiVito Jr. to its Board of Directors, effective immediately.
DiVito brings a wealth of experience in information technology, cybersecurity, regulatory compliance, data privacy, and governance, having served clients across a broad range of industries during his distinguished career.
“We are pleased to welcome Joe to the First Commonwealth Board of Directors,” said Jon Gorney, Chairman of the Board of First Commonwealth. “His deep expertise in information technology, cybersecurity, and regulatory compliance will be invaluable as we continue to navigate an increasingly complex financial and digital landscape. Joe’s impressive track record of advising organizations at all stages of growth will bring fresh insights to our board and further strengthen our commitment to strong governance and risk management.”
DiVito, age 58, retired as a Principal of Pricewaterhouse Coopers LLP in June 2025 after a 35-year career advising organizations from startups to Fortune 50 companies. He holds a Bachelor of Science degree in Business Administration, an MBA, and a JD from Duquesne University. He is a Certified Information Privacy Professional (CIPP/US), Certified Information Privacy Manager (CIPM), and Certified Information Systems Auditor (CISA). His industry expertise includes retail, manufacturing, hospitality, technology, pharmaceuticals, utilities, insurance, and banking.
“I am honored to join the Board of Directors at First Commonwealth, a company with a strong reputation for integrity, community commitment and customer focus,” said DiVito. “I look forward to contributing my experience and working alongside the board and management team to support the company’s strategic goals and long-term success.”
About First Commonwealth Financial Corporation
First Commonwealth Financial Corporation (NYSE: FCF), headquartered in Indiana, Pennsylvania, is a community bank committed to its mission of improving the financial lives of its neighbors and their businesses. First Commonwealth operates 127 branches throughout Pennsylvania and Ohio and also has business banking centers in Pittsburgh and Harrisburg, Pennsylvania; and Cleveland, Canton, Cincinnati and Columbus, Ohio. First Commonwealth, through subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency, provides a full range of commercial and retail banking services, including mortgage, wealth management and insurance solutions, along with equipment financing and SBA and indirect lending. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com .
CONTACT:
Ron Wahl,
Communications/Media Relations Specialist
(724) 463-6806
[email protected]
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0232deeb-f724-407a-b521-9eab87daf1c9
Photo is courtesy of First Commonwealth Bank and permission is granted to use for any print or digital usage.
