UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 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, August 12, 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: 220 Form 13F Information Table Value Total: $128,301 (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: Form 13F File Number: Name: 1 28-11893 ------------------------- FORM 13F INFORMATION TABLE COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 -------- --------- --------- -------- -------- ---------- -------- ---------------- VOTING AUTHORITY ---------------- TITLE MARKET OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------ --------- --------- -------- -------- --- ---- ---------- -------- ------ ------ ----- 1CITIGROUP INC COMMONMON 172967101 59 3,517 SH OTHER 1 3,403 114 1LOWES COS INC COMMON 548661107 212 10,232 SH DEFINED 1 10,232 1ROYAL DUTCH SHELL PLC COMMON 780259206 368 4,500 SH OTHER 1 4,500 3M CO COMMON 88579Y101 239 3,440 SH DEFINED 1 2,670 770 3M CO COMMON 88579Y101 660 9,485 SH OTHER 1 9,485 ABBOTT LABS COMMON 002824100 1,158 21,862 SH DEFINED 1 20,519 1,343 ABBOTT LABS COMMON 002824100 41 767 SH OTHER 1 767 ADOBE SYS INC COMMON 00724F101 800 20,314 SH DEFINED 1 20,314 ADOBE SYS INC COMMON 00724F101 14 367 SH OTHER 1 367 AIR PRODS & CHEMS INC COMMON 009158106 794 8,036 SH DEFINED 1 8,036 AIR PRODS & CHEMS INC COMMON 009158106 25 250 SH OTHER 1 250 ALLSTATE CORP COMMON 020002101 184 4,036 SH DEFINED 1 3,207 829 ALLSTATE CORP COMMON 020002101 298 6,529 SH OTHER 1 6,529 ALTRIA GROUP INC COMMON 02209S103 91 4,450 SH DEFINED 1 4,361 89 ALTRIA GROUP INC COMMON 02209S103 643 31,265 SH OTHER 1 31,265 AMERICAN INTL GROUP INC COMMON 026874107 317 11,989 SH DEFINED 1 10,849 1,140 AMERICAN INTL GROUP INC COMMON 026874107 42 1,593 SH OTHER 1 1,343 250 ANHEUSER BUSCH COS INC COMMON 035229103 6 100 SH DEFINED 1 100 ANHEUSER BUSCH COS INC COMMON 035229103 311 5,000 SH OTHER 1 5,000 APACHE CORP COMMON 037411105 1,310 9,422 SH DEFINED 1 9,422 APACHE CORP COMMON 037411105 125 899 SH OTHER 1 375 524 APPLE INC COMMON 037833100 946 5,647 SH DEFINED 1 5,647 APPLE INC COMMON 037833100 26 155 SH OTHER 1 155 AT&T INC COMMON 00206R102 2,165 64,275 SH DEFINED 1 62,273 2,002 AT&T INC COMMON 00206R102 252 7,477 SH OTHER 1 7,472 5 AUTODESK INC COMMON 052769106 495 14,643 SH DEFINED 1 14,643 AUTODESK INC COMMON 052769106 4 125 SH OTHER 1 125 BANK OF AMERICA CORPORATION COMMON 060505104 96 4,002 SH DEFINED 1 800 3,202 BANK OF AMERICA CORPORATION COMMON 060505104 162 6,807 SH OTHER 1 6,807 BANK OF NEW YORK MELLON CORP COMMON 064058100 366 9,674 SH DEFINED 1 9,674 BANK OF NEW YORK MELLON CORP COMMON 064058100 147 3,897 SH OTHER 1 1,372 400 2,125 BARR PHARMACEUTICALS INC COMMON 068306109 808 17,934 SH DEFINED 1 17,934 BARR PHARMACEUTICALS INC COMMON 068306109 29 642 SH OTHER 1 642 BECTON DICKINSON & CO COMMON 075887109 1,053 12,950 SH DEFINED 1 12,499 451 BECTON DICKINSON & CO COMMON 075887109 76 933 SH OTHER 1 933 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 39 587 SH DEFINED 1 587 BOEING CO COMMON 097023105 249 3,786 SH OTHER 1 3,786 BP PLC COMMON 055622104 422 6,069 SH DEFINED 1 6,010 59 BP PLC COMMON 055622104 459 6,592 SH OTHER 1 5,590 1,002 BP PRUDHOE BAY RTY TR COMMON 055630107 207 2,000 SH OTHER 1 2,000 BUNGE LIMITED COMMON G16962105 767 7,121 SH DEFINED 1 7,121 BUNGE LIMITED COMMON G16962105 16 150 SH OTHER 1 150 BURLINGTON NORTHN SANTA FE C COMMON 12189T104 297 2,970 SH DEFINED 1 2,970 CATERPILLAR INC DEL COMMON 149123101 77 1,049 SH DEFINED 1 1,049 CATERPILLAR INC DEL COMMON 149123101 168 2,275 SH OTHER 1 2,275 CHEVRON CORP NEW COMMON 166764100 1,584 15,982 SH DEFINED 1 14,004 1,978 CHEVRON CORP NEW COMMON 166764100 627 6,327 SH OTHER 1 5,802 525 CISCO SYS INC COMMON 17275R102 1,112 47,791 SH DEFINED 1 44,261 3,530 CISCO SYS INC COMMON 17275R102 217 9,333 SH OTHER 1 9,333 CITIGROUP INC COMMON 172967101 297 17,703 SH DEFINED 1 17,703 CNB FINL CORP PA COMMON 126128107 331 23,400 SH DEFINED 1 23,400 CONOCOPHILLIPS COMMON 20825C104 903 9,570 SH DEFINED 1 7,920 1,650 CONOCOPHILLIPS COMMON 20825C104 198 2,100 SH OTHER 1 2,100 CORNING INC COMMON 219350105 365 15,823 SH DEFINED 1 15,441 382 CORNING INC COMMON 219350105 55 2,400 SH OTHER 1 2,400 CVS CAREMARK CORPORATION COMMON 126650100 817 20,645 SH DEFINED 1 20,645 CVS CAREMARK CORPORATION COMMON 126650100 32 801 SH OTHER 1 801 DISNEY WALT CO COMMON 254687106 1,091 34,978 SH DEFINED 1 33,678 1,300 DISNEY WALT CO COMMON 254687106 37 1,200 SH OTHER 1 1,200 DOMINION RES INC VA NEW COMMON 25746U109 884 18,622 SH DEFINED 1 18,593 29 DOMINION RES INC VA NEW COMMON 25746U109 144 3,024 SH OTHER 1 3,024 DU PONT E I DE NEMOURS & CO COMMON 263534109 300 7,004 SH DEFINED 1 7,004 DU PONT E I DE NEMOURS & CO COMMON 263534109 92 2,142 SH OTHER 1 942 1,200 EASTMAN CHEM CO COMMON 277432100 690 10,018 SH DEFINED 1 10,018 EASTMAN CHEM CO COMMON 277432100 43 626 SH OTHER 1 626 EBAY INC COMMON 278642103 547 20,012 SH DEFINED 1 20,012 EBAY INC COMMON 278642103 12 450 SH OTHER 1 450 EDISON INTL COMMON 281020107 559 10,887 SH DEFINED 1 10,855 32 EDISON INTL COMMON 281020107 10 200 SH OTHER 1 200 EMBRYO DEV CORP COMMON 290818103 -- 15,000 SH DEFINED 1 15,000 EMERSON ELEC CO COMMON 291011104 69 1,400 SH DEFINED 1 600 800 EMERSON ELEC CO COMMON 291011104 846 17,110 SH OTHER 1 17,110 ESB FINANCIAL CORP COMMON 26884F102 122 12,510 SH DEFINED 12,510 0 0 EXELON CORP COMMON 30161N101 183 2,036 SH DEFINED 1 2,036 EXELON CORP COMMON 30161N101 127 1,416 SH OTHER 1 1,416 EXXON MOBIL CORP COMMON 30231G102 4,130 46,868 SH DEFINED 1 46,868 EXXON MOBIL CORP COMMON 30231G102 2,367 26,862 SH OTHER 1 9,445 17,417 FIRST COMWLTH FINL CORP PA COMMON 319829107 10,772 1,154,602 SH DEFINED 1 1,151,136 3,466 FIRST COMWLTH FINL CORP PA COMMON 319829107 278 29,778 SH OTHER 1 19,949 9,829 FIRSTMERIT CORP COMMON 337915102 163 10,000 SH DEFINED 10,000 0 0 FNB COMMON 302520101 7,516 637,992 SH DEFINED 637,992 0 0 FNB CORP PA COMMON 302520101 120 10,224 SH DEFINED 1 10,224 FNB CORP PA COMMON 302520101 1 43 SH OTHER 1 43 FORTUNE BRANDS INC COMMON 349631101 216 3,467 SH DEFINED 1 2,827 640 FORTUNE BRANDS INC COMMON 349631101 42 675 SH OTHER 1 675 FRANKLIN RES INC COMMON 354613101 530 5,778 SH DEFINED 1 5,778 FRANKLIN RES INC COMMON 354613101 11 125 SH OTHER 1 125 GATEWAY BANK OF PENNSYLVANIA COMMON 869099101 50 5,000 SH DEFINED 5,000 0 0 GENERAL ELECTRIC CO COMMON 369604103 1,629 61,030 SH DEFINED 1 58,239 2,791 GENERAL ELECTRIC CO COMMON 369604103 3,412 127,848 SH OTHER 1 125,678 1,830 340 GOODRICH CORP COMMON 382388106 650 13,701 SH DEFINED 1 13,672 29 GOODRICH CORP COMMON 382388106 14 300 SH OTHER 1 300 GOOGLE INC COMMON 38259P508 859 1,632 SH DEFINED 1 1,561 71 GOOGLE INC COMMON 38259P508 11 20 SH OTHER 1 20 HALLIBURTON CO COMMON 406216101 244 4,600 SH DEFINED 1 4,600 HARLEYSVILLE NATIONAL CORP COMMON 412850109 528 47,349 SH DEFINED 47,349 0 0 HARTFORD FINL SVCS GROUP INC COMMON 416515104 788 12,199 SH DEFINED 1 11,699 500 HARTFORD FINL SVCS GROUP INC COMMON 416515104 51 792 SH OTHER 1 792 HELMERICH & PAYNE INC COMMON 423452101 1,482 20,578 SH DEFINED 1 20,578 HELMERICH & PAYNE INC COMMON 423452101 22 300 SH OTHER 1 300 HUNTINGTON BANCSHARES, INC COMMON 446150104 87 15,000 SH DEFINED 15,000 0 0 INGERSOLL-RAND COMPANY LTD COMMON G4776G101 31 833 SH DEFINED 1 697 136 INGERSOLL-RAND COMPANY LTD COMMON G4776G101 457 12,200 SH OTHER 1 12,200 INTEL CORP COMMON 458140100 313 14,585 SH DEFINED 1 10,135 4,450 INTEL CORP COMMON 458140100 90 4,180 SH OTHER 1 3,750 430 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,547 13,049 SH DEFINED 1 12,965 84 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,773 14,960 SH OTHER 1 14,750 100 110 JACOBS ENGR GROUP INC DEL COMMON 469814107 1,263 15,646 SH DEFINED 1 15,646 JACOBS ENGR GROUP INC DEL COMMON 469814107 54 675 SH OTHER 1 675 JOHNSON & JOHNSON COMMON 478160104 1,326 20,606 SH DEFINED 1 19,686 920 JOHNSON & JOHNSON COMMON 478160104 599 9,307 SH OTHER 1 9,307 JPMORGAN & CHASE & CO COMMON 46625H100 807 23,518 SH DEFINED 1 21,457 2,061 JPMORGAN & CHASE & CO COMMON 46625H100 126 3,670 SH OTHER 1 3,670 JUNIATA VALLEY NATL BK COMMON 482016102 995 48,238 SH DEFINED 1 48,238 KENNAMETAL INC COMMON 489170100 590 18,137 SH DEFINED 1 18,137 KENNAMETAL INC COMMON 489170100 10 300 SH OTHER 1 300 KRAFT FOODS INC COMMON 50075N104 27 944 SH DEFINED 1 830 114 KRAFT FOODS INC COMMON 50075N104 620 21,776 SH OTHER 1 21,776 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 656 7,215 SH DEFINED 1 7,184 31 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 23 250 SH OTHER 1 250 LOWES COS INC COMMON 548661107 104 5,033 SH OTHER 1 4,433 600 MAGNITUDE INFORMATION SYS IN COMMON 559534102 3 112,400 SH DEFINED 1 112,400 MANITOWOC INC COMMON 563571108 548 16,852 SH DEFINED 1 16,852 MANITOWOC INC COMMON 563571108 8 250 SH OTHER 1 250 MARATHON OIL CORP COMMON 565849106 212 4,086 SH DEFINED 1 1,816 2,270 MCDONALDS CORP COMMON 580135101 1,122 19,963 SH DEFINED 1 19,731 232 MCDONALDS CORP COMMON 580135101 39 700 SH OTHER 1 700 MCKESSON CORP COMMON 58155Q103 509 9,102 SH DEFINED 1 9,102 MCKESSON CORP COMMON 58155Q103 8 150 SH OTHER 1 150 MERCK & CO INC COMMON 589331107 88 2,342 SH DEFINED 1 2,342 MERCK & CO INC COMMON 589331107 897 23,810 SH OTHER 1 23,310 500 MERRILL LYNCH & CO INC COMMON 590188108 180 5,675 SH DEFINED 1 4,415 1,260 MERRILL LYNCH & CO INC COMMON 590188108 140 4,425 SH OTHER 1 4,425 METLIFE INC COMMON 59156R108 579 10,981 SH DEFINED 1 10,981 METLIFE INC COMMON 59156R108 4 80 SH OTHER 1 80 MICROSOFT CORP COMMON 594918104 1,101 40,014 SH DEFINED 1 38,350 1,664 MICROSOFT CORP COMMON 594918104 201 7,303 SH OTHER 1 7,033 270 MOLSON COORS BREWING CO COMMON 60871R209 741 13,638 SH DEFINED 1 13,638 MOLSON COORS BREWING CO COMMON 60871R209 15 275 SH OTHER 1 275 MONSANTO CO NEW COMMON 61166W101 488 3,862 SH DEFINED 1 3,786 76 MONSANTO CO NEW COMMON 61166W101 6 50 SH OTHER 1 50 NATIONAL CITY CORP COMMON 635405103 57 11,977 SH DEFINED 1 11,977 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 180 2,880 SH DEFINED 1 2,150 730 NORFOLK SOUTHERN CORP COMMON 655844108 81 1,300 SH OTHER 1 1,300 ORACLE CORP COMMON 68389X105 950 45,250 SH DEFINED 1 45,250 ORACLE CORP COMMON 68389X105 65 3,083 SH OTHER 1 3,083 PARKER HANNIFIN CORP COMMON 701094104 687 9,634 SH DEFINED 1 9,634 PARKER HANNIFIN CORP COMMON 701094104 7 100 SH OTHER 1 100 PARKVALE FINANCIAL CORP COMMON 701492100 5,301 224,544 SH DEFINED 224,544 0 0 PEPSICO INC COMMON 713448108 1,379 21,689 SH DEFINED 1 20,931 758 PEPSICO INC COMMON 713448108 1,308 20,567 SH OTHER 1 20,567 PETSMART INC COMMON 716768106 672 33,667 SH DEFINED 1 32,567 1,100 PETSMART INC COMMON 716768106 11 550 SH OTHER 1 550 PFIZER INC COMMON 717081103 224 12,846 SH DEFINED 1 11,828 1,018 PFIZER INC COMMON 717081103 382 21,865 SH OTHER 1 21,225 640 PHARMACEUTICAL PROD DEV INC COMMON 717124101 514 11,971 SH DEFINED 1 11,971 PHARMACEUTICAL PROD DEV INC COMMON 717124101 9 200 SH OTHER 1 200 PHILIP MORRIS INTL INC COMMON 718172109 817 16,546 SH DEFINED 1 16,494 52 PHILIP MORRIS INTL INC COMMON 718172109 1,515 30,665 SH OTHER 1 30,665 PNC FINL SVCS GROUP INC COMMON 693475105 283 4,954 SH DEFINED 1 4,954 PNC FINL SVCS GROUP INC COMMON 693475105 228 4,000 SH OTHER 1 4,000 PPG INDS INC COMMON 693506107 120 2,088 SH DEFINED 1 2,088 PPG INDS INC COMMON 693506107 1,099 19,154 SH OTHER 1 16,654 2,500 PPL CORP COMMON 69351T106 306 5,850 SH DEFINED 1 5,850 PPL CORP COMMON 69351T106 139 2,650 SH OTHER 1 2,650 PRICE T ROWE GROUP INC COMMON 74144T108 984 17,424 SH DEFINED 1 16,660 764 PRICE T ROWE GROUP INC COMMON 74144T108 73 1,300 SH OTHER 1 1,300 PROCTER & GAMBLE CO COMMON 742718109 1,424 23,425 SH DEFINED 1 22,589 836 PROCTER & GAMBLE CO COMMON 742718109 2,513 41,326 SH OTHER 1 41,326 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 196 4,258 SH DEFINED 1 1,828 2,430 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 389 8,460 SH OTHER 1 8,460 QUALCOMM INC COMMON 747525103 418 9,421 SH DEFINED 1 9,421 QUALCOMM INC COMMON 747525103 9 200 SH OTHER 1 200 ROCKWELL AUTOMATION INC COMMON 773903109 131 2,997 SH DEFINED 1 2,997 ROCKWELL AUTOMATION INC COMMON 773903109 87 2,000 SH OTHER 1 2,000 ROCKWELL COLLINS INC COMMON 774341101 126 2,637 SH DEFINED 1 2,637 ROCKWELL COLLINS INC COMMON 774341101 96 2,000 SH OTHER 1 2,000 ROYAL BANCSHARES OF PENN-A COMMON 780081105 190 20,156 SH DEFINED 20,156 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 66 811 SH DEFINED 1 714 97 S & T BANCORP INC COMMON 783859101 2,268 78,048 SH DEFINED 1 78,048 S & T BANCORP INC COMMON 783859101 43 1,464 SH OTHER 1 1,464 SCHLUMBERGER LTD COMMON 806857108 1,046 9,735 SH DEFINED 1 9,620 115 SCHLUMBERGER LTD COMMON 806857108 340 3,168 SH OTHER 1 3,168 STATE STR CORP COMMON 857477103 617 9,635 SH DEFINED 1 9,635 STATE STR CORP COMMON 857477103 10 150 SH OTHER 1 150 SUPERVALU INC COMMON 868536103 564 18,266 SH DEFINED 1 18,266 SUPERVALU INC COMMON 868536103 9 300 SH OTHER 1 300 SUSQUEHANNA BANCSHARES INC COMMON 869099101 951 69,487 SH DEFINED 69,487 0 0 SUSQUEHANNA BANCSHARES INC P COMMON 869099101 715 52,242 SH DEFINED 1 52,242 TARGET CORP COMMON 87612E106 808 17,370 SH DEFINED 1 17,370 TARGET CORP COMMON 87612E106 227 4,888 SH OTHER 1 4,888 TEXAS INSTRS INC COMMON 882508104 276 9,815 SH DEFINED 1 7,875 1,940 TEXAS INSTRS INC COMMON 882508104 69 2,467 SH OTHER 1 2,467 THERMO FISHER SCIENTIFIC INC COMMON 883556102 929 16,664 SH DEFINED 1 16,664 THERMO FISHER SCIENTIFIC INC COMMON 883556102 11 200 SH OTHER 1 200 TIDEWATER INC COMMON 886423102 437 6,713 SH DEFINED 1 6,713 TIDEWATER INC COMMON 886423102 15 225 SH OTHER 1 225 TIME WARNER CABLE INC COMMON 88732J108 373 14,078 SH DEFINED 1 14,078 TRISTATE CAPITAL BANK COMMON 99R733108 500 50,000 SH DEFINED 50,000 0 0 UNITED TECHNOLOGIES CORP COMMON 913017109 271 4,397 SH DEFINED 1 3,850 547 UNITED TECHNOLOGIES CORP COMMON 913017109 39 633 SH OTHER 1 633 US BANCORP DEL COMMON 902973304 464 16,632 SH DEFINED 1 14,267 2,365 VALERO ENERGY CORP NEW COMMON 91913Y100 596 14,473 SH DEFINED 1 14,473 VALERO ENERGY CORP NEW COMMON 91913Y100 21 500 SH OTHER 1 500 VERIZON COMMUNICATIONS INC COMMON 92343V104 1,648 46,545 SH DEFINED 1 46,462 83 VERIZON COMMUNICATIONS INC COMMON 92343V104 862 24,356 SH OTHER 1 20,812 3,544 VIST FINANCIAL CORP COMMON 524477106 1,352 95,005 SH DEFINED 95,005 0 0 VODAFONE GROUP PLC NEW COMMON 92857W209 88 2,974 SH DEFINED 1 2,918 56 VODAFONE GROUP PLC NEW COMMON 92857W209 155 5,250 SH OTHER 1 5,250 WACHOVIA CORP NEW COMMON 929903102 210 13,496 SH DEFINED 1 13,402 94 WACHOVIA CORP NEW COMMON 929903102 3 200 SH OTHER 1 200 WELLS FARGO & CO NEW COMMON 949746101 772 32,526 SH DEFINED 1 31,256 1,270 WELLS FARGO & CO NEW COMMON 949746101 152 6,382 SH OTHER 1 6,382 WILLOW FINANCIAL BANCORP, INC COMMON 97111W101 581 71,303 SH DEFINED 71,303 0 0 XCEL ENERGY INC COMMON 98389B100 491 24,488 SH DEFINED 1 24,488 XCEL ENERGY INC COMMON 98389B100 28 1,400 SH OTHER 1 1,400 GRAND TOTALS 128,301 4,803,422