Doylestown is saying goodbye to First Commonwealth Bank as the Pittsburgh-based bank exits the Philadelphia market, writes Jeff Blumenthal for the Philadelphia Business Journal.  

The branch was acquired in February 2023 through the acquisition of Harrisburg-based Centric Financial Corp. Centric had opened the Doylestown location in 2015 and the Devon branch in 2019 as part of an eastward expansion. 

First Commonwealth, based in Indiana, Pennsylvania, cited the difficulty of competing in the Philadelphia metro area with only two branches as the reason for the closures.  

The bank has opted to consolidate these locations into a virtual business solutions call center model. 

Business and personal banking customers can still access their accounts through online and mobile banking, as well as branches and ATMs. 

First Commonwealth had initially expanded into the Philadelphia region by launching an equipment finance division in King of Prussia in 2021. 

Despite the branch closures, the bank continues to serve the area through its digital and remote banking services. 

Read more about First Commonwealth Bank’s branch closures in the Philadelphia region in the Philadelphia Business Journal.  

Business Happens Here 2023