First Commonwealth Declares Increased Quarterly Dividend of $0.03

The Board of Directors of First Commonwealth Financial Corporation FCF declared a dividend on January 18, 2011 of $0.03 per share payable on February 15, 2011, to shareholders of record at the close of business January 31, 2011. This dividend represents a $0.02 per share increase over the previous quarter and a 2% projected annual yield utilizing the December 31, 2010 closing market price of $7.08.