UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 Check here if Amendment [_]: Amendment Number: This Amendment (Check only one): [_] is a restatement [_] adds new holdings entries Institutional Investment Manager Filing this Report: Name: First Commonwealth Financial Corporation Address: 22 North Sixth Street Indiana, PA, 15701 Form 13F File Number: 28-05151 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Edward J. Lipkus, III Title: Executive Vice President and Chief Financial Officer Phone: (724) 463-4724 Signature, Place, and Date of Signing: /s/ Edward J. Lipkus, III ------------------------- Edward J. Lipkus, III, Indiana, PA, November 5, 2008 Report Type(check only one): [x] 13F HOLDINGS REPORT (Check here if all holdings of this reporting manager are reported in this report [_] 13F NOTICE (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s)) [_] 13F COMBINATION REPORT (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 208 Form 13F Information Table Value Total: $114,850 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. Number: 1 Form 13F File Number: 28-11893 Name: FORM 13F INFORMATION TABLE COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 TITLE MARKET OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- --------- --------- -------- --------- --- ---- ---------- -------- --------- ------- ----- 3M CO COMMONMON 88579Y101 214 3,140 SH DEFINED 1 2,270 870 3M CO COMMON 88579Y101 593 8,685 SH OTHER 1 8,685 ABBOTT LABS COMMON 002824100 1,243 21,594 SH DEFINED 1 20,206 1,388 ABBOTT LABS COMMON 002824100 50 867 SH OTHER 1 867 ADOBE SYS INC COMMON 00724F101 798 20,211 SH DEFINED 1 20,211 ADOBE SYS INC COMMON 00724F101 19 482 SH OTHER 1 482 AIR PRODS & CHEMS INC COMMON 009158106 542 7,915 SH DEFINED 1 7,915 AIR PRODS & CHEMS INC COMMON 009158106 20 296 SH OTHER 1 296 ALLSTATE CORP COMMON 020002101 177 3,846 SH DEFINED 1 2,962 884 ALLSTATE CORP COMMON 020002101 301 6,529 SH OTHER 1 6,529 ALTRIA GROUP INC COMMON 02209S103 64 3,202 SH DEFINED 1 3,113 89 ALTRIA GROUP INC COMMON 02209S103 617 31,115 SH OTHER 1 31,115 ANHEUSER BUSCH COS INC COMMON 035229103 8 117 SH DEFINED 1 117 ANHEUSER BUSCH COS INC COMMON 035229103 324 5,000 SH OTHER 1 5,000 APACHE CORP COMMON 037411105 977 9,369 SH DEFINED 1 9,369 APACHE CORP COMMON 037411105 98 937 SH OTHER 1 413 524 APPLE INC COMMON 037833100 634 5,579 SH DEFINED 1 5,579 APPLE INC COMMON 037833100 21 185 SH OTHER 1 185 AT&T INC COMMON 00206R102 1,817 65,075 SH DEFINED 1 61,590 3,485 AT&T INC COMMON 00206R102 229 8,194 SH OTHER 1 8,189 5 AUTODESK INC COMMON 052769106 515 15,363 SH DEFINED 1 15,363 AUTODESK INC COMMON 052769106 24 705 SH OTHER 1 705 BANK OF AMERICA CORPORATION COMMON 060505104 42 1,194 SH DEFINED 1 600 594 BANK OF AMERICA CORPORATION COMMON 060505104 219 6,257 SH OTHER 1 6,257 BANK OF NEW YORK MELLON CORP COMMON 064058100 317 9,719 SH DEFINED 1 9,719 BANK OF NEW YORK MELLON CORP COMMON 064058100 125 3,822 SH OTHER 1 1,372 400 2,050 BECTON DICKINSON & CO COMMON 075887109 1,031 12,845 SH DEFINED 1 12,354 491 BECTON DICKINSON & CO COMMON 075887109 80 993 SH OTHER 1 993 BERKSHIRE SECURITIES COMMON 084991868 1,412 6,140 SH DEFINED 1 6,140 BERKSHIRE SECURITIES COMMON 084991868 414 1,800 SH OTHER 1 1,800 BOEING CO COMMON 097023105 34 588 SH DEFINED 1 588 BOEING CO COMMON 097023105 217 3,786 SH OTHER 1 3,786 BP PLC COMMON 055622104 305 6,083 SH DEFINED 1 6,024 59 BP PLC COMMON 055622104 331 6,592 SH OTHER 1 5,590 1,002 BUNGE LIMITED COMMON G16962105 452 7,151 SH DEFINED 1 7,151 BUNGE LIMITED COMMON G16962105 16 250 SH OTHER 1 250 BURLINGTON NORTHN SANTA FE C COMMON 12189T104 275 2,970 SH DEFINED 1 2,970 CHEVRON CORP NEW COMMON 166764100 1,325 16,067 SH DEFINED 1 13,944 2,123 CHEVRON CORP NEW COMMON 166764100 535 6,492 SH OTHER 1 5,992 500 CISCO SYS INC COMMON 17275R102 1,067 47,308 SH DEFINED 1 43,408 3,900 CISCO SYS INC COMMON 17275R102 215 9,533 SH OTHER 1 9,533 CITIGROUP INC COMMON 172967101 350 17,060 SH DEFINED 1 17,060 CITIGROUP INC COMMON 172967101 54 2,617 SH OTHER 1 2,503 114 CNB FINL CORP PA COMMON 126128107 256 23,400 SH DEFINED 1 23,400 CONOCOPHILLIPS COMMON 20825C104 758 10,350 SH DEFINED 1 8,580 1,770 CONOCOPHILLIPS COMMON 20825C104 168 2,300 SH OTHER 1 2,300 CORNING INC COMMON 219350105 247 15,809 SH DEFINED 1 15,809 CORNING INC COMMON 219350105 39 2,512 SH OTHER 1 2,512 CVS CAREMARK CORPORATION COMMON 126650100 717 21,290 SH DEFINED 1 21,290 CVS CAREMARK CORPORATION COMMON 126650100 38 1,136 SH OTHER 1 1,136 DISNEY WALT CO COMMON 254687106 1,054 34,328 SH DEFINED 1 32,918 1,410 DISNEY WALT CO COMMON 254687106 45 1,470 SH OTHER 1 1,470 DOMINION RES INC VA NEW COMMON 25746U109 791 18,499 SH DEFINED 1 18,478 21 DOMINION RES INC VA NEW COMMON 25746U109 137 3,204 SH OTHER 1 3,204 DU PONT E I DE NEMOURS & CO COMMON 263534109 282 7,004 SH DEFINED 1 7,004 DU PONT E I DE NEMOURS & CO COMMON 263534109 86 2,142 SH OTHER 1 942 1,200 EASTMAN CHEM CO COMMON 277432100 547 9,928 SH DEFINED 1 9,928 EASTMAN CHEM CO COMMON 277432100 38 686 SH OTHER 1 686 EBAY INC COMMON 278642103 298 13,302 SH DEFINED 1 13,302 EBAY INC COMMON 278642103 7 300 SH OTHER 1 300 EDISON INTL COMMON 281020107 458 11,487 SH DEFINED 1 11,465 22 EDISON INTL COMMON 281020107 11 280 SH OTHER 1 280 EMBRYO DEV CORP COMMON 290818103 -- 15,000 SH DEFINED 1 15,000 EMERSON ELEC CO COMMON 291011104 62 1,520 SH DEFINED 1 640 880 EMERSON ELEC CO COMMON 291011104 698 17,110 SH OTHER 1 17,110 ESB FINANCIAL CORP COMMON 26884F102 118 12,510 SH DEFINED 12,510 -- -- EXELON CORP COMMON 30161N101 128 2,042 SH DEFINED 1 2,042 EXELON CORP COMMON 30161N101 89 1,416 SH OTHER 1 1,416 EXXON MOBIL CORP COMMON 30231G102 3,575 46,036 SH DEFINED 1 46,036 EXXON MOBIL CORP COMMON 30231G102 2,081 26,797 SH OTHER 1 9,405 17,392 FIRST COMWLTH FINL CORP PA COMMON 319829107 14,933 1,108,615 SH DEFINED 1 1,105,149 3,466 FIRST COMWLTH FINL CORP PA COMMON 319829107 401 29,778 SH OTHER 1 19,949 9,829 FIRSTMERIT CORP COMMON 337915102 210 10,000 SH DEFINED 10,000 -- -- FNB CORP PA COMMON 302520101 163 10,224 SH DEFINED 1 10,224 FNB CORP PA COMMON 302520101 1 43 SH OTHER 1 43 FRANKLIN RES INC COMMON 354613101 510 5,788 SH DEFINED 1 5,788 FRANKLIN RES INC COMMON 354613101 15 175 SH OTHER 1 175 GATEWAY BANK OF PENNSYLVANIA COMMON 869099101 50 5,000 SH DEFINED 5,000 -- -- GENERAL ELECTRIC CO COMMON 369604103 1,515 59,409 SH DEFINED 1 56,070 3,339 GENERAL ELECTRIC CO COMMON 369604103 3,209 125,848 SH OTHER 1 123,778 1,730 340 GENZYME CORP COMMON 372917104 458 5,658 SH DEFINED 1 5,516 142 GENZYME CORP COMMON 372917104 57 700 SH OTHER 1 700 GOODRICH CORP COMMON 382388106 543 13,045 SH DEFINED 1 13,009 36 GOODRICH CORP COMMON 382388106 7 180 SH OTHER 1 180 GOOGLE INC COMMON 38259P508 690 1,708 SH DEFINED 1 1,558 150 GOOGLE INC COMMON 38259P508 13 33 SH OTHER 1 33 HARLEYSVILLE NATIONAL CORP COMMON 412850109 804 47,349 SH DEFINED 47,349 -- -- HARTFORD FINL SVCS GROUP INC COMMON 416515104 502 12,259 SH DEFINED 1 11,699 560 HARTFORD FINL SVCS GROUP INC COMMON 416515104 35 852 SH OTHER 1 852 HELMERICH & PAYNE INC COMMON 423452101 875 20,262 SH DEFINED 1 20,243 19 HELMERICH & PAYNE INC COMMON 423452101 19 450 SH OTHER 1 450 INGERSOLL-RAND COMPANY LTD COMMON G4776G101 22 702 SH DEFINED 1 597 105 INGERSOLL-RAND COMPANY LTD COMMON G4776G101 374 12,000 SH OTHER 1 12,000 INTEL CORP COMMON 458140100 279 14,908 SH DEFINED 1 10,048 4,860 INTEL CORP COMMON 458140100 78 4,180 SH OTHER 1 3,750 430 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,510 12,914 SH DEFINED 1 12,830 84 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,742 14,890 SH OTHER 1 14,790 100 JACOBS ENGR GROUP INC DEL COMMON 469814107 849 15,636 SH DEFINED 1 15,636 JACOBS ENGR GROUP INC DEL COMMON 469814107 40 730 SH OTHER 1 730 JOHNSON & JOHNSON COMMON 478160104 1,425 20,568 SH DEFINED 1 19,763 805 JOHNSON & JOHNSON COMMON 478160104 615 8,872 SH OTHER 1 8,872 JPMORGAN & CHASE & CO COMMON 46625H100 1,130 24,198 SH DEFINED 1 22,135 2,063 JPMORGAN & CHASE & CO COMMON 46625H100 188 4,020 SH OTHER 1 4,020 KENNAMETAL INC COMMON 489170100 492 18,159 SH DEFINED 1 18,159 KENNAMETAL INC COMMON 489170100 12 448 SH OTHER 1 448 KRAFT FOODS INC COMMON 50075N104 31 944 SH DEFINED 1 830 114 KRAFT FOODS INC COMMON 50075N104 710 21,676 SH OTHER 1 21,676 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 712 7,237 SH DEFINED 1 7,214 23 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 40 410 SH OTHER 1 410 LOWES COS INC COMMON 548661107 225 9,497 SH DEFINED 1 9,497 LOWES COS INC COMMON 548661107 97 4,083 SH OTHER 1 3,333 750 MANITOWOC INC COMMON 563571108 261 16,757 SH DEFINED 1 16,757 MANITOWOC INC COMMON 563571108 5 350 SH OTHER 1 350 MCDONALDS CORP COMMON 580135101 1,219 19,755 SH DEFINED 1 19,523 232 MCDONALDS CORP COMMON 580135101 68 1,100 SH OTHER 1 1,100 MCKESSON CORP COMMON 58155Q103 542 10,077 SH DEFINED 1 10,077 MCKESSON CORP COMMON 58155Q103 21 395 SH OTHER 1 395 MERCK & CO INC COMMON 589331107 75 2,373 SH DEFINED 1 2,373 MERCK & CO INC COMMON 589331107 748 23,710 SH OTHER 1 23,210 500 MERRILL LYNCH & CO INC COMMON 590188108 123 4,880 SH DEFINED 1 1,940 2,940 MERRILL LYNCH & CO INC COMMON 590188108 109 4,325 SH OTHER 1 4,325 METLIFE INC COMMON 59156R108 603 10,765 SH DEFINED 1 10,765 METLIFE INC COMMON 59156R108 8 140 SH OTHER 1 140 MICROSOFT CORP COMMON 594918104 1,059 39,677 SH DEFINED 1 37,928 1,749 MICROSOFT CORP COMMON 594918104 200 7,478 SH OTHER 1 7,208 270 MOLSON COORS BREWING CO COMMON 60871R209 747 15,988 SH DEFINED 1 15,988 MOLSON COORS BREWING CO COMMON 60871R209 21 450 SH OTHER 1 450 MONSANTO CO NEW COMMON 61166W101 445 4,496 SH DEFINED 1 4,425 71 MONSANTO CO NEW COMMON 61166W101 15 151 SH OTHER 1 151 NATIONAL CITY CORP COMMON 635405103 22 12,314 SH DEFINED 1 11,977 337 NEW MEXICO BANQUEST COMMON 647991926 1,859 7,207 SH DEFINED 1 7,207 NEW MEXICO BANQUEST COMMON 647991926 49 189 SH OTHER 1 189 NORFOLK SOUTHERN CORP COMMON 655844108 196 2,960 SH DEFINED 1 2,150 810 NORFOLK SOUTHERN CORP COMMON 655844108 86 1,300 SH OTHER 1 1,300 ORACLE CORP COMMON 68389X105 915 45,040 SH DEFINED 1 45,040 ORACLE CORP COMMON 68389X105 68 3,358 SH OTHER 1 3,358 PARKER HANNIFIN CORP COMMON 701094104 524 9,894 SH DEFINED 1 9,894 PARKER HANNIFIN CORP COMMON 701094104 19 350 SH OTHER 1 350 PARKVALE FINANCIAL CORP COMMON 701492100 3,593 224,544 SH DEFINED 224,544 -- -- PEPSICO INC COMMON 713448108 1,515 21,257 SH DEFINED 1 20,574 683 PEPSICO INC COMMON 713448108 1,421 19,942 SH OTHER 1 19,942 PETSMART INC COMMON 716768106 854 34,577 SH DEFINED 1 32,667 1,910 PETSMART INC COMMON 716768106 23 950 SH OTHER 1 950 PFIZER INC COMMON 717081103 206 11,193 SH DEFINED 1 9,995 1,198 PFIZER INC COMMON 717081103 398 21,565 SH OTHER 1 20,925 640 PHARMACEUTICAL PROD DEV INC COMMON 717124101 784 18,960 SH DEFINED 1 18,960 PHARMACEUTICAL PROD DEV INC COMMON 717124101 23 550 SH OTHER 1 550 PHILIP MORRIS INTL INC COMMON 718172109 802 16,668 SH DEFINED 1 16,616 52 PHILIP MORRIS INTL INC COMMON 718172109 1,440 29,940 SH OTHER 1 29,940 PNC FINL SVCS GROUP INC COMMON 693475105 363 4,854 SH DEFINED 1 4,854 PNC FINL SVCS GROUP INC COMMON 693475105 299 4,000 SH OTHER 1 4,000 PPG INDS INC COMMON 693506107 107 1,838 SH DEFINED 1 1,838 PPG INDS INC COMMON 693506107 1,117 19,154 SH OTHER 1 16,654 2,500 PPL CORP COMMON 69351T106 233 6,300 SH DEFINED 1 6,300 PPL CORP COMMON 69351T106 98 2,650 SH OTHER 1 2,650 PRICE T ROWE GROUP INC COMMON 74144T108 933 17,368 SH DEFINED 1 16,690 678 PRICE T ROWE GROUP INC COMMON 74144T108 75 1,390 SH OTHER 1 1,390 PROCTER & GAMBLE CO COMMON 742718109 1,631 23,402 SH DEFINED 1 22,601 801 PROCTER & GAMBLE CO COMMON 742718109 2,847 40,856 SH OTHER 1 40,856 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 136 4,161 SH DEFINED 1 1,541 2,620 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 277 8,460 SH OTHER 1 8,460 QUALCOMM INC COMMON 747525103 412 9,582 SH DEFINED 1 9,582 QUALCOMM INC COMMON 747525103 12 272 SH OTHER 1 272 ROCKWELL AUTOMATION INC COMMON 773903109 173 4,645 SH DEFINED 1 4,645 ROCKWELL AUTOMATION INC COMMON 773903109 75 2,000 SH OTHER 1 2,000 ROCKWELL COLLINS INC COMMON 774341101 205 4,269 SH DEFINED 1 4,269 ROCKWELL COLLINS INC COMMON 774341101 96 2,000 SH OTHER 1 2,000 ROYAL BANCSHARES OF PENN-A COMMON 780081105 108 20,156 SH DEFINED 20,156 -- -- ROYAL DUTCH SHELL PLC COMMON 780259206 49 831 SH DEFINED 1 734 97 ROYAL DUTCH SHELL PLC COMMON 780259206 266 4,500 SH OTHER 1 4,500 S & T BANCORP INC COMMON 783859101 2,763 75,016 SH DEFINED 1 75,016 S & T BANCORP INC COMMON 783859101 54 1,464 SH OTHER 1 1,464 SCHLUMBERGER LTD COMMON 806857108 753 9,640 SH DEFINED 1 9,525 115 SCHLUMBERGER LTD COMMON 806857108 251 3,218 SH OTHER 1 3,218 STATE STR CORP COMMON 857477103 565 9,941 SH DEFINED 1 9,941 STATE STR CORP COMMON 857477103 12 214 SH OTHER 1 214 SUPERVALU INC COMMON 868536103 396 18,261 SH DEFINED 1 18,261 SUPERVALU INC COMMON 868536103 9 400 SH OTHER 1 400 SUSQUEHANNA BANCSHARES INC COMMON 869099101 1,356 69,487 SH DEFINED 69,487 -- -- SUSQUEHANNA BANCSHARES INC P COMMON 869099101 1,020 52,242 SH DEFINED 1 52,242 TARGET CORP COMMON 87612E106 830 16,925 SH DEFINED 1 16,925 TARGET CORP COMMON 87612E106 242 4,938 SH OTHER 1 4,938 TEXAS INSTRS INC COMMON 882508104 196 9,136 SH DEFINED 1 7,066 2,070 TEXAS INSTRS INC COMMON 882508104 49 2,267 SH OTHER 1 2,267 THERMO FISHER SCIENTIFIC INC COMMON 883556102 920 16,724 SH DEFINED 1 16,724 THERMO FISHER SCIENTIFIC INC COMMON 883556102 27 485 SH OTHER 1 485 TIDEWATER INC COMMON 886423102 384 6,933 SH DEFINED 1 6,933 TIDEWATER INC COMMON 886423102 15 275 SH OTHER 1 275 TIME WARNER CABLE INC COMMON 88732J108 368 15,205 SH DEFINED 1 15,205 TIME WARNER CABLE INC COMMON 88732J108 19 768 SH OTHER 1 768 TRISTATE CAPITAL BANK COMMON 99R733108 500 50,000 SH DEFINED 50,000 -- -- UNITED TECHNOLOGIES CORP COMMON 913017109 249 4,150 SH DEFINED 1 3,508 642 UNITED TECHNOLOGIES CORP COMMON 913017109 32 533 SH OTHER 1 533 US BANCORP DEL COMMON 902973304 616 17,098 SH DEFINED 1 14,680 2,418 US BANCORP DEL COMMON 902973304 11 312 SH OTHER 1 312 VALERO ENERGY CORP NEW COMMON 91913Y100 421 13,898 SH DEFINED 1 13,898 VALERO ENERGY CORP NEW COMMON 91913Y100 17 570 SH OTHER 1 570 VERIZON COMMUNICATIONS INC COMMON 92343V104 1,474 45,936 SH DEFINED 1 45,853 83 VERIZON COMMUNICATIONS INC COMMON 92343V104 753 23,470 SH OTHER 1 19,926 3,544 VIST FINANCIAL CORP COMMON 524477106 1,140 95,005 SH DEFINED 95,005 -- -- WACHOVIA CORP NEW COMMON 929903102 38 10,994 SH DEFINED 1 10,994 WACHOVIA CORP NEW COMMON 929903102 1 200 SH OTHER 1 200 WELLS FARGO & CO NEW COMMON 949746101 1,220 32,510 SH DEFINED 1 30,940 1,570 WELLS FARGO & CO NEW COMMON 949746101 245 6,532 SH OTHER 1 6,532 XCEL ENERGY INC COMMON 98389B100 506 25,328 SH DEFINED 1 25,328 XCEL ENERGY INC COMMON 98389B100 35 1,770 SH OTHER 1 1,770 ZIMMER HLDGS INC COMMON 98956P102 350 5,417 SH DEFINED 1 4,957 460 ZIMMER HLDGS INC COMMON 98956P102 25 380 SH OTHER 1 250 130 GRAND TOTALS 114,850 3,818,934