Squire Patton Boggs Advises First Commonwealth on Acquisition of Centric Financial Corporation

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    Squire Patton Boggs advised First Commonwealth Financial Corporation (“First Commonwealth”) in its definitive agreement to merge with Centric Financial Corporation (“Centric”) in an all-stock transaction valued at approximately $16.20 per share, or approximately $144 million in the aggregate.

    Following the merger of the parent holding companies, Centric’s subsidiary, Centric Bank, will merge with and into First Commonwealth’s subsidiary, First Commonwealth Bank. The business combination will produce a combined company with approximately $10.6 billion in total assets.

    The Squire Patton Boggs team representing First Commonwealth was Jim Barresi, Michael Fisher, Bradley Thompson, Mitch Thompson (tax), Carl Draucker and Caitlin Steiner (employee benefits) and Alexis Montano (real estate).

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