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Press Release

First Commonwealth Declares Quarterly Dividend

Company Release - 3/20/2007 5:44 PM ET

INDIANA, Pa., March 20 /PRNewswire-FirstCall/ -- First Commonwealth Financial Corporation (NYSE: FCF) has declared a first quarter dividend of $0.17 per share payable on April 13, 2007, to shareholders of record at the close of business March 30, 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030416/FIRSTLOGO )

First Commonwealth is designated a "Dividend Achiever," as classified in Mergent's Dividend Achievers handbook, based on its outstanding record of providing shareholders with increased dividend performance.

First Commonwealth Financial Corporation is a $6.0 billion bank holding company headquartered in Indiana, Pennsylvania. It operates 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.

Statements contained in this press release that are not historical facts are forward-looking statements as that item is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.

SOURCE First Commonwealth Financial Corporation

Contact: Edward J. Lipkus, Sr. Vice President and Chief Financial Officer of First Commonwealth Financial Corporation, +1-724-349-7220
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