First Commonwealth in Pennsylvania Seeking New CFO

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."

First Commonwealth has brought on a new bank president and added a director in the past year.

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