The chief financial officer of First Commonwealth Financial (FCF) in Indiana, Pa., is retiring.
Robert Rout will also step down as treasurer in the first half of next year, the $6.2 billion-asset company said last week. First Commonwealth said it has hired a search firm to find a successor.
Rout, 61, has been First Commonwealth's CFO since 2010. Previously, he had been CFO at S&T Bancorp, also in Indiana, Pa.
"For nearly 40 years, [Rout] has proven himself as a distinguished banking professional and a skilled financial executive," T. Michael Price, First Commonwealth's chief executive, said in a press release. Rout's "contributions to improving operating efficiency, maintaining a disciplined control environment and effectively managing our strong capital position have been invaluable in positioning First Commonwealth for future growth."