Foundation Bank

Foundation Bank was established in 1888 as the Foundation Savings and Loan Company. Over its long history, the bank underwent several significant name changes and organizational transformations. In 1990, it became known as Foundation Savings Bank and, after further modifications, adopted the name Foundation Bank in 2002. During the early 2000s, the bank expanded its operations through strategic acquisitions, including The Findlay Savings Bank in 2002 and The Lenox Savings Bank in 2003. In 2010, Foundation Bank acquired Bramble Savings Bank in Milford, Ohio, as part of a government-assisted merger. The bank transitioned its regulatory oversight multiple times, culminating in a change to The Office of the Comptroller of the Currency in 2011. On May 1, 2018, Foundation Bank merged with First Commonwealth Bank, headquartered in Indiana, Pennsylvania, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1888-01-01Institution established. Original name: Foundation Savings and Loan Company.

1990-10-22Changed Institution Name to Foundation Savings Bank.

1991-03-25Main Office moved to 25 Garfield Place, Cincinnati, OH 45202.

1996-03-22Changed Institution Name to The Foundation Savings Bank.

1996-09-25Changed Organization Type to Stock Savings & Loan.

1997-10-15Changed Institution Name to Foundation Savings Bank.

2001-08-31Changed Chartering Agency to Ots.

2001-08-31Changed Bank Class to Federal Savings Bank.

2001-08-31Changed Organization Type to Stock Savings Bank.

2002-06-01Changed Institution Name to Foundation Bank.

2002-09-19Acquired The Findlay Savings Bank in Cincinnati, OH.

2003-12-24Acquired The Lenox Savings Bank in Norwood, OH.

2010-09-17Acquired Bramble Savings Bank in Milford, OH as part of a government assisted merger.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2018-05-01Merged and became part of First Commonwealth Bank in Indiana, PA.