First Commonwealth Financial Corporation announced that on January 23, 2017, Director James G. Barone notified the company that he does not wish to stand for
reelection to the Board of Directors of the company and will retire from the Board of Directors upon the expiration of his current term at the company's 2017 annual meeting of shareholders.

First Commonwealth Financial Corporation declared a common stock quarterly dividend of $0.08 per share, which is payable on February 17, 2017 to shareholders of record as of February 6, 2017. This dividend represents a 2.3% projected annual yield utilizing the January 24, 2017 closing market price of $13.86.