First Commonwealth Announces Share Repurchase Program of up to $50M
First Commonwealth Financial Corporation (NYSE: FCF) today announced that its Board of Directors has authorized a share repurchase program of up to $50 million of the company's common stock. Based on yesterday's closing price of $6.22 per share as reported on the New York Stock Exchange, the authorized program represents approximately 8.0 million shares, or 8%, of the company's outstanding shares as of March 31, 2012.
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