First Commonwealth Bank and First Guaranty Bank Announce Plan of Merger

On Wedneswday, February 22, Greg Wilson, President and CEO of First Commonwealth Bank, and Charles Johnson, President and CEO of First Guaranty Bank, jointly announced the signing of a definitive agreement and plan of merger. The agreement, which is subject to customary regulatory approval, has been approved by the Boards of both banks. Johnson said the merger will allow Guaranty to expand their services. Wilson said they look forward to continuing the legacies of both banks and growing together. The merger is anticipated to occur during the second quarter of this year.