The Board of Directors of First Commonwealth Financial Corp. (NYSE:FCF) authorized a share repurchase program on January 29, 2013. Under the program, the company will repurchase up to $25 million worth of shares of its common stock.

The management is authorized to repurchase shares through Rule 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934. Depending on market conditions and other factors, repurchases may be made at any time or from time to time, without prior notice. First Commonwealth may suspend or discontinue the program at any time.