Daily News: August 7, 2012

First Commonwealth Bank Names Cobain Head of Corporate Banking


First Commonwealth Financial Corporation named Stephen Cobain head of the company’s Corporate Bank. In this role, Cobain will oversee all aspects of First Commonwealth’s Corporate Banking efforts, including Pittsburgh and community market franchises, corporate finance, investment real estate, middle-market lending, public finance, and cash management.

T. Michael Price, president & CEO of First Commonwealth Bank, noted, “Steve has done an exceptional job leading our middle-market efforts for more than a year now. His extensive financial background and proven track record make him the ideal person to lead our team of talented corporate banking professionals. We are fortunate to have a professional of Steve’s caliber in our leadership ranks.”

“First Commonwealth is truly different in the marketplace,” commented Cobain. “We’re big enough to offer ‘big bank solutions,’ but we also have the friendlier ‘hands on’ approach that only a smaller bank can provide. Our focus is on developing long-term relationships with our business clients by anticipating and solving the diverse challenges they face every day. And I’m honored to be a part of that important effort.”

Cobain joined First Commonwealth’s Corporate Banking team in March 2011 as senior vice president/Middle-Market Lending. In this capacity, Cobain oversaw corporate banking responsibilities for business clients with $20 to 250 million in revenue. Prior to First Commonwealth, Cobain spent 23 years with Mellon Financial Corporation where he headed up its Capital Markets division and serviced a full range of clients, from local municipalities to multi-national corporations.

Cobain’s 30 years of financial industry experience include extensive expertise in relationship management, commercial lending, and corporate banking. He is a graduate of St. Francis College of Pennsylvania with a Bachelor of Science degree in Economics. Cobain earned his MBA in Finance from West Virginia University.

First Commonwealth Financial Corporation is a $5.9 billion financial holding company headquartered in Indiana, Pennsylvania. It operates 112 retail branch offices in 15 counties in western and central Pennsylvania through First Commonwealth Bank, a Pennsylvania chartered bank and trust company.