First Commonwealth Financial Corp. in Indiana, Pa., has named T. Michael Price as its president and chief executive.

The $5.8 billion-asset company said Wednesday that Price, who was serving in those roles already on an interim basis, was also appointed to its board. First Commonwealth's former president and CEO, John J. Dolan, retired on Dec. 31.

Price served as president of the banking unit, First Commonwealth Bank, since November 2007. In that role, he oversaw all bank functions, including retail and corporate banking, marketing, wealth management and credit administration.

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