First Commonwealth Bank

First Commonwealth Bank, originally established as The First National Bank of Prestonsburg on May 12, 1904, has undergone several significant changes throughout its history. In 1980, the institution changed its name to The Commonwealth Bank of Prestonsburg and later to The First Commonwealth Bank of Prestonsburg, Inc. During this period, the bank also transitioned to state chartering and withdrew from membership in the Federal Reserve System. Over the years, First Commonwealth Bank expanded its operations, moving its main office twice within Prestonsburg, Kentucky, first to 100 North Arnold Avenue in 1986, and then to 311 North Arnold Avenue in 1999. Notable acquisitions include Family Bank Fsb in Paintsville, Kentucky, in April 2011, and First Guaranty Bank in Martin, Kentucky, in May 2017. Ultimately, on April 13, 2019, First Commonwealth Bank merged with Peoples Bank located in Marietta, Ohio, marking a significant transition in its operational history.

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

1904-05-12Institution established. Original name: The First National Bank of Prestonsburg.

1980-04-07Institution withdraws from membership in the Federal Reserve System.

1980-04-07Changed Chartering Agency to State.

1980-04-07Changed Institution Name to The Commonwealth Bank of Prestonsburg, Inc..

1980-07-08Changed Institution Name to The First Commonwealth Bank of Prestonsburg, Inc..

1986-10-01Main Office moved to 100 North Arnold Avenue, Prestonsburg, KY 41653.

1999-01-01Main Office moved to 311 North Arnold Avenue, Prestonsburg, KY 41653.

2011-04-22Acquired Family Bank Fsb in Paintsville, KY.

2017-05-31Acquired First Guaranty Bank in Martin, KY.

2019-04-13Merged and became part of Peoples Bank in Marietta, OH.