First Commonwealth Hires Stan Foraker As Mortgage Banking Executive

INDIANA, Pa., Sept. 4, 2013

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"Mortgage is a defining aspect of what it means to be a community bank," noted Jane Grebenc.  "Stan's 30 years of industry experience and leadership will be a tremendous asset as we add this crucial line of business to our product offerings. I look forward to working with Stan and the First Commonwealth team to ensure that our residential mortgage product is unparalleled in the marketplace."

In accepting the position as Executive Vice President / Mortgage Banking, Mr. Foraker stated, "In keeping with the best of what community banking is all about, we at First Commonwealth are going to work together to build a 'First-in-Class' Mortgage Division that addresses one of the most significant financial milestones in our clients' lives and provides a meaningful source of revenue for our organization."

Mr. Foraker's 30-year banking career has been largely focused in the areas of consumer and residential mortgage lending.  Immediately prior to joining First Commonwealth, Mr. Foraker served as Senior Vice President / Retail Lending at The Home Savings and Loan Company in Youngstown, Ohio.  In this role, Mr. Foraker oversaw residential mortgage lending, sales of mortgages in the secondary market, consumer lending, loan servicing, and retail loss mitigation.

Mr. Foraker also served as Vice President of Residential Mortgage Lending at Fifth Third Bank in Cleveland, Ohio and as Vice President and Sales Manager of the Cleveland area for State Savings Bank in Columbus, Ohio.

Mr. Foraker earned his Bachelor's degree in Accounting from Mount Vernon Nazarene University in Mount Vernon, Ohio.