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Business Products

 

Business Accounts

Business First Checking

For small businesses or other businesses with a limited number of monthly transactions

  • $100 minimum opening deposit
  • No minimum balance fee
  • $3 maintenance fee per statement cycle
  • All deposit items free
  • After the first 100 checks paid per statement cycle, there is a transaction fee of $0.25 per check
  • Free cash deposits
  • No charge for eStatements.  Should you choose to receive a mailed paper statement there will be a $5 service charge per statement cycle.

First Traditional Business Checking

A $9 maintenance fee per statement cycle applies which may be completely offset by a variable credit to the average collected balance. (Average collected balance credit varies per $1,000)

  • $100 minimum opening deposit
  • After the first 50 checks paid per statement cycle, there is a transaction fee of $0.15 per check
  • Transit items deposited $0.10 each
  • All First Commonwealth Bank items deposited free
  • Free cash deposits
  • No charge for eStatements.  Should you choose to receive a mailed paper statement there will be a $5 service charge per statement cycle.

Business Now Checking

First NOW Checking is a transaction account reserved for sole proprietors, non-profit organizations and governmental entities wishing to earn interest on their balances while also obtaining unlimited transactions and absolute liquidity.  Interest will be compounded monthly and will be credited to the account monthly.

  • $100 minimum opening deposit
  • Unlimited check writing
  • Unlimited ATM Transactions
  • No minimum balance fee if balance remains above $1,000 during statement cycle.  Only $8 minimum balance fee if balance falls below $1,000 any day during statement cycle.

 

Commercial Loans and Lines of Credit

First Commonwealth Bank offers a wide array of flexible loans and lines of credit to finance real estate, equipment and more.  Our Commercial Loan Officers can assist you in achieving the goals and financial needs of your business with competitive loan rates and personal attention.  Loans and Lines of Credit are available to the following:

  • Commercial, Industrial and Retail Businesses
  • Sole Proprietorships, Partnerships and Corporate Borrowers
  • Financing for fixed assets such as Real Estate and Equipment
  • SBA Funding Services

All loans subject to credit and underwriting approval.

Equipment Leasing

First Commonwealth Bank offers a wide variety of equipment leasing, leaving your business with cash available for income producing investments and to support plans for expansion.  Lease payments are typically tax-deductible.  Consult a tax advisor regarding tax laws in conjunction with equipment leasing.  Lease payments can be matched to revenue generation and can even be adjusted to seasonal fluctuations.  By leasing, your business can concentrate not on owing, but on using the equipment as a productive part of your business.

All loans subject to credit and underwriting approval.
 

Repurchase Agreements*

Repurchase agreements offer corporations a secured way to generate earnings on available funds in their checking account.
This product is not FDIC insured.

Small Business Retirement Plans

Savings Incentive Match Plan for Employees (Simple IRA) and Simplified Employee Pension Plan (SEP IRA)

  • Providing a retirement investment vehicle for employees
  • Retaining and attracting valuable employees
  • Providing an easy way to administer a retirement plan
  • Eliminating most large up-front and administrative expenses that accompany most 401(k) plans