UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 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: Teresa M. Ciambotti Title: Senior Vice President and Controller Phone: (724) 463-4725 Signature, Place, and Date of Signing: /s/ Teresa M. Ciambotti Teresa M. Ciambotti, Indiana, PA, February 14, 2011 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: 174 Form 13F Information Table Value Total: $81,619 (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: First Commonwealth Bank FORM 13F INFORMATION TABLE COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 TITLE MARKET VOTING OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER AUTHORITY ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ------ ---------- -------- --------- --- ---- ---------- -------- --------- ------ ----- 3M CO COMMON 88579Y101 282 3,270 SH DEFINED 1 2,250 1,020 3M CO COMMON 88579Y101 660 7,645 SH OTHER 1 7,645 ABBOTT LABS COMMON 2824100 738 15,397 SH DEFINED 1 13,725 1,672 ABBOTT LABS COMMON 2824100 55 1,138 SH OTHER 1 1,138 ADOBE SYS INC COMMON 00724F101 428 13,895 SH DEFINED 1 13,895 ADOBE SYS INC COMMON 00724F101 18 601 SH OTHER 1 601 AIR PRODS & CHEMS INC COMMON 9158106 698 7,671 SH DEFINED 1 7,671 AIR PRODS & CHEMS INC COMMON 9158106 45 497 SH OTHER 1 497 ALLSTATE CORP COMMON 20002101 72 2,250 SH DEFINED 1 2,250 ALLSTATE CORP COMMON 20002101 208 6,529 SH OTHER 1 6,529 ALTRIA GROUP INC COMMON 02209S103 140 5,668 SH DEFINED 1 5,538 130 ALTRIA GROUP INC COMMON 02209S103 660 26,815 SH OTHER 1 26,815 APACHE CORP COMMON 37411105 809 6,786 SH DEFINED 1 6,786 APACHE CORP COMMON 37411105 126 1,059 SH OTHER 1 535 524 APPLE INC COMMON 37833100 1,398 4,334 SH DEFINED 1 4,313 21 APPLE INC COMMON 37833100 63 195 SH OTHER 1 195 AT&T INC COMMON 00206R102 1,414 48,123 SH DEFINED 1 45,595 2,528 AT&T INC COMMON 00206R102 241 8,187 SH OTHER 1 7,882 300 5 AUTODESK INC COMMON 52769106 360 9,427 SH DEFINED 1 9,427 AUTODESK INC COMMON 52769106 27 701 SH OTHER 1 701 BANK OF AMERICA CORPORA COMMON 60505104 171 12,818 SH DEFINED 1 6,352 6,466 BANK OF AMERICA CORPORA COMMON 60505104 54 4,033 SH OTHER 1 4,033 BANK OF NEW YORK MELLON COMMON 64058100 351 11,616 SH DEFINED 1 9,066 2,550 BANK OF NEW YORK MELLON COMMON 64058100 85 2,822 SH OTHER 1 1,372 400 1,050 BECTON DICKINSON & CO COMMON 75887109 715 8,461 SH DEFINED 1 8,173 288 BECTON DICKINSON & CO COMMON 75887109 82 969 SH OTHER 1 969 BOEING CO COMMON 97023105 523 8,016 SH DEFINED 1 8,016 BOEING CO COMMON 97023105 65 1,000 SH OTHER 1 1,000 BP PLC COMMON 55622104 159 3,602 SH DEFINED 1 3,602 BP PLC COMMON 55622104 263 5,963 SH OTHER 1 5,963 CATERPILLAR INC DEL COMMON 149123101 1,021 10,897 SH DEFINED 1 10,897 CATERPILLAR INC DEL COMMON 149123101 98 1,050 SH OTHER 1 1,050 CHEVRON CORP NEW COMMON 166764100 1,253 13,727 SH DEFINED 1 11,447 2,280 CHEVRON CORP NEW COMMON 166764100 395 4,327 SH OTHER 1 3,977 350 CHUBB CORP COMMON 171232101 384 6,443 SH DEFINED 1 6,443 CISCO SYS INC COMMON 17275R102 860 42,496 SH DEFINED 1 37,823 4,673 CISCO SYS INC COMMON 17275R102 81 3,984 SH OTHER 1 3,984 CITIGROUP INC COMMON 172967101 176 37,106 SH DEFINED 1 37,106 CITIGROUP INC COMMON 172967101 5 1,064 SH OTHER 1 950 114 CNB FINL CORP PA COMMON 126128107 425 28,700 SH DEFINED 1 28,700 COCA COLA CO COMMON 191216100 561 8,535 SH DEFINED 1 8,474 61 COCA COLA CO COMMON 191216100 63 956 SH OTHER 1 956 CONOCOPHILLIPS COMMON 20825C104 918 13,485 SH DEFINED 1 11,415 2,070 CONOCOPHILLIPS COMMON 20825C104 25 369 SH OTHER 1 369 CUMMINS INC COMMON 231021106 471 4,279 SH DEFINED 1 4,279 CUMMINS INC COMMON 231021106 11 100 SH OTHER 1 100 CVS CAREMARK CORPORATION COMMON 126650100 565 16,244 SH DEFINED 1 16,244 CVS CAREMARK CORPORATION COMMON 126650100 38 1,087 SH OTHER 1 1,087 DISNEY WALT CO COMMON 254687106 283 7,543 SH DEFINED 1 4,614 2,929 DISNEY WALT CO COMMON 254687106 30 800 SH OTHER 1 800 DOMINION RES INC VA NEW COMMON 25746U109 820 19,190 SH DEFINED 1 18,517 673 DOMINION RES INC VA NEW COMMON 25746U109 150 3,511 SH OTHER 1 3,511 DU PONT E I DE NEMOURS COMMON 263534109 327 6,560 SH DEFINED 1 6,560 DU PONT E I DE NEMOURS COMMON 263534109 52 1,042 SH OTHER 1 742 300 E M C CORP MASS COMMON 268648102 285 12,460 SH DEFINED 1 9,610 2,850 EMERSON ELEC CO COMMON 291011104 71 1,239 SH DEFINED 1 219 1,020 EMERSON ELEC CO COMMON 291011104 882 15,430 SH OTHER 1 15,430 ENTERPRISE PRODS PARTNERS COMMON 293792107 287 6,894 SH DEFINED 1 6,894 EXXON MOBIL CORP COMMON 30231G102 2,830 38,709 SH DEFINED 1 38,709 EXXON MOBIL CORP COMMON 30231G102 1,784 24,395 SH OTHER 1 7,658 16,737 FEDEX CORP COMMON 31428X106 428 4,598 SH DEFINED 1 4,598 FEDEX CORP COMMON 31428X106 26 283 SH OTHER 1 283 FIRST COMWLTH FINL CORP COMMON 319829107 5,179 731,502 SH DEFINED 1 731,502 FIRST COMWLTH FINL CORP COMMON 319829107 56 7,887 SH OTHER 1 3,300 4,587 FREEPORT-MCMORAN COPPER COMMON 35671D857 548 4,563 SH DEFINED 1 4,563 FREEPORT-MCMORAN COPPER COMMON 35671D857 3 24 SH OTHER 1 24 GATEWAY BANK OF PENNSYLVANIA COMMON 869099101 40 5,000 SH DEFINED 5,000 -- -- GENERAL ELECTRIC CO COMMON 369604103 1,257 68,710 SH DEFINED 1 64,000 4,710 GENERAL ELECTRIC CO COMMON 369604103 1,921 105,021 SH OTHER 1 103,866 1,155 GENERAL MLS INC COMMON 370334104 746 20,952 SH DEFINED 1 20,952 GENERAL MLS INC COMMON 370334104 47 1,310 SH OTHER 1 1,310 GENUINE PARTS CO COMMON 372460105 831 16,182 SH DEFINED 1 16,182 GENUINE PARTS CO COMMON 372460105 23 445 SH OTHER 1 445 GOLDMAN SACHS GROUP INC COMMON 38141G104 505 3,003 SH DEFINED 1 3,003 GOLDMAN SACHS GROUP INC COMMON 38141G104 46 273 SH OTHER 1 273 GOOGLE INC COMMON 38259P508 855 1,439 SH DEFINED 1 1,249 190 GOOGLE INC COMMON 38259P508 16 27 SH OTHER 1 27 HEINZ H J CO COMMON 423074103 447 9,037 SH DEFINED 1 8,929 108 COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 TITLE MARKET VOTING OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER AUTHORITY ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ------ ---------- -------- --------- --- ---- ---------- -------- --------- ------ ----- HEINZ H J CO COMMON 423074103 41 838 SH OTHER 1 838 HELMERICH & PAYNE INC COMMON 423452101 534 11,022 SH DEFINED 1 11,022 HELMERICH & PAYNE INC COMMON 423452101 24 496 SH OTHER 1 496 HUMANA INC COMMON 444859102 396 7,240 SH DEFINED 1 7,175 65 HUMANA INC COMMON 444859102 27 500 SH OTHER 1 500 INGERSOLL-RAND PLC COMMON G47791101 283 6,000 SH OTHER 1 6,000 INTEL CORP COMMON 458140100 596 28,339 SH DEFINED 1 22,819 5,520 INTEL CORP COMMON 458140100 111 5,262 SH OTHER 1 5,262 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,698 11,567 SH DEFINED 1 11,335 232 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,911 13,020 SH OTHER 1 12,920 100 JACOBS ENGR GROUP INC COMMON 469814107 528 11,508 SH DEFINED 1 11,508 JACOBS ENGR GROUP INC COMMON 469814107 29 643 SH OTHER 1 643 JOHNSON & JOHNSON COMMON 478160104 1,128 18,237 SH DEFINED 1 17,721 516 JOHNSON & JOHNSON COMMON 478160104 458 7,411 SH OTHER 1 7,411 JPMORGAN CHASE & CO COMMON 46625H100 931 21,952 SH DEFINED 1 20,122 1,830 JPMORGAN CHASE & CO COMMON 46625H100 69 1,638 SH OTHER 1 1,638 KINDER MORGAN MANAGEMENT COMMON 49455U100 210 3,144 SH DEFINED 1 2,531 613 KRAFT FOODS INC COMMON 50075N104 45 1,423 SH DEFINED 1 1,307 116 KRAFT FOODS INC COMMON 50075N104 592 18,778 SH OTHER 1 18,778 LOWES COS INC COMMON 548661107 216 8,632 SH DEFINED 1 8,632 LOWES COS INC COMMON 548661107 38 1,533 SH OTHER 1 933 600 MCDONALDS CORP COMMON 580135101 1,106 14,410 SH DEFINED 1 14,000 410 MCDONALDS CORP COMMON 580135101 81 1,053 SH OTHER 1 1,053 MERCK & CO INC NEW COMMON 58933Y105 96 2,660 SH DEFINED 1 2,660 MERCK & CO INC NEW COMMON 58933Y105 808 22,430 SH OTHER 1 22,030 400 METLIFE INC COMMON 59156R108 484 10,890 SH DEFINED 1 10,890 METLIFE INC COMMON 59156R108 8 188 SH OTHER 1 188 MICROSOFT CORP COMMON 594918104 1,141 40,888 SH DEFINED 1 35,401 5,487 MICROSOFT CORP COMMON 594918104 49 1,750 SH OTHER 1 1,750 ORACLE CORP COMMON 68389X105 987 31,537 SH DEFINED 1 31,537 ORACLE CORP COMMON 68389X105 72 2,289 SH OTHER 1 2,289 PARKER HANNIFIN CORP COMMON 701094104 646 7,485 SH DEFINED 1 7,485 PARKER HANNIFIN CORP COMMON 701094104 56 646 SH OTHER 1 646 PARKVALE FINANCIAL CORP COMMON 701492100 1,021 111,263 SH DEFINED 111,263 -- -- PEPSICO INC COMMON 713448108 700 10,716 SH DEFINED 1 10,291 425 PEPSICO INC COMMON 713448108 970 14,847 SH OTHER 1 14,847 PETSMART INC COMMON 716768106 790 19,841 SH DEFINED 1 17,551 2,290 PETSMART INC COMMON 716768106 34 862 SH OTHER 1 862 PFIZER INC COMMON 717081103 292 16,684 SH DEFINED 1 16,684 PFIZER INC COMMON 717081103 210 12,021 SH OTHER 1 12,021 PHILIP MORRIS INTL INC COMMON 718172109 1,043 17,817 SH DEFINED 1 16,552 1,265 PHILIP MORRIS INTL INC COMMON 718172109 1,355 23,158 SH OTHER 1 23,158 PNC FINL SVCS GROUP INC COMMON 693475105 552 9,092 SH DEFINED 1 9,092 PNC FINL SVCS GROUP INC COMMON 693475105 109 1,800 SH OTHER 1 1,800 PPG INDS INC COMMON 693506107 227 2,704 SH DEFINED 1 2,704 PPG INDS INC COMMON 693506107 1,463 17,404 SH OTHER 1 15,154 2,250 PRECISION CASTPARTS CORP COMMON 740189105 644 4,624 SH DEFINED 1 4,624 PRECISION CASTPARTS CORP COMMON 740189105 42 300 SH OTHER 1 300 PRICE T ROWE GROUP INC COMMON 74144T108 743 11,511 SH DEFINED 1 11,072 439 PRICE T ROWE GROUP INC COMMON 74144T108 95 1,473 SH OTHER 1 1,473 PROCTER & GAMBLE CO COMMON 742718109 1,115 17,336 SH DEFINED 1 16,825 511 PROCTER & GAMBLE CO COMMON 742718109 2,292 35,623 SH OTHER 1 35,623 PRUDENTIAL FINL INC COMMON 744320102 339 5,768 SH DEFINED 1 5,768 PRUDENTIAL FINL INC COMMON 744320102 15 251 SH OTHER 1 251 PUBLIC SVC ENTERPRISE G COMMON 744573106 105 3,297 SH DEFINED 1 287 3,010 PUBLIC SVC ENTERPRISE G COMMON 744573106 269 8,460 SH OTHER 1 8,460 QUALCOMM INC COMMON 747525103 390 7,878 SH DEFINED 1 7,878 QUALCOMM INC COMMON 747525103 14 277 SH OTHER 1 277 ROCKWELL AUTOMATION INC COMMON 773903109 375 5,224 SH DEFINED 1 5,224 ROCKWELL AUTOMATION INC COMMON 773903109 94 1,310 SH OTHER 1 1,310 ROCKWELL COLLINS INC COMMON 774341101 272 4,669 SH DEFINED 1 4,669 ROCKWELL COLLINS INC COMMON 774341101 88 1,505 SH OTHER 1 1,505 S & T BANCORP INC COMMON 783859101 952 42,142 SH DEFINED 1 42,142 S & T BANCORP INC COMMON 783859101 33 1,464 SH OTHER 1 1,464 STATE STR CORP COMMON 857477103 474 10,232 SH DEFINED 1 10,232 STATE STR CORP COMMON 857477103 18 394 SH OTHER 1 394 TARGET CORP COMMON 87612E106 932 15,501 SH DEFINED 1 15,501 TARGET CORP COMMON 87612E106 91 1,516 SH OTHER 1 1,516 TEVA PHARMACEUTICAL IND COMMON 881624209 726 13,926 SH DEFINED 1 13,875 51 TEVA PHARMACEUTICAL IND COMMON 881624209 37 714 SH OTHER 1 514 200 TEXAS INSTRS INC COMMON 882508104 553 17,013 SH DEFINED 1 14,763 2,250 TEXAS INSTRS INC COMMON 882508104 51 1,567 SH OTHER 1 1,567 THERMO FISHER SCIENTIFIC COMMON 883556102 627 11,328 SH DEFINED 1 11,328 THERMO FISHER SCIENTIFIC COMMON 883556102 34 608 SH OTHER 1 608 TIME WARNER CABLE INC COMMON 88732J207 819 12,406 SH DEFINED 1 12,406 TIME WARNER CABLE INC COMMON 88732J207 31 465 SH OTHER 1 465 TRANSOCEAN LTD COMMON H8817H100 336 4,829 SH DEFINED 1 3,651 1,178 TRANSOCEAN LTD COMMON H8817H100 21 295 SH OTHER 1 295 TRISTATE CAPITAL BANK COMMON 99R733108 400 50,000 SH DEFINED 50,000 -- -- UNITED TECHNOLOGIES COR COMMON 913017109 178 2,267 SH DEFINED 1 1,946 321 UNITED TECHNOLOGIES COR COMMON 913017109 34 433 SH OTHER 1 433 US BANCORP DEL COMMON 902973304 306 11,340 SH DEFINED 1 11,340 US BANCORP DEL COMMON 902973304 20 733 SH OTHER 1 733 VERIZON COMMUNICATIONS COMMON 92343V104 1,354 37,850 SH DEFINED 1 37,701 149 VERIZON COMMUNICATIONS COMMON 92343V104 749 20,924 SH OTHER 1 17,080 3,844 VISA INC COMMON 92826C839 416 5,909 SH DEFINED 1 5,909 VISA INC COMMON 92826C839 18 257 SH OTHER 1 257 VIST FINANCIAL CORP COMMON 918255100 76 10,655 SH DEFINED 1 10,655 COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 TITLE MARKET VOTING OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER AUTHORITY ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------- ------ ---------- -------- --------- --- ---- ---------- -------- --------- ------ ----- WAL MART STORES INC COMMON 931142103 711 13,188 SH DEFINED 1 11,182 2,006 WAL MART STORES INC COMMON 931142103 38 704 SH OTHER 1 704 WELLS FARGO & CO NEW COMMON 949746101 271 8,737 SH DEFINED 1 8,737 WELLS FARGO & CO NEW COMMON 949746101 124 3,995 SH OTHER 1 3,995 XCEL ENERGY INC COMMON 98389B100 578 24,551 SH DEFINED 1 24,551 XCEL ENERGY INC COMMON 98389B100 43 1,817 SH OTHER 1 1,817 ZIMMER HLDGS INC COMMON 98956P102 455 8,476 SH DEFINED 1 7,416 1,060 ZIMMER HLDGS INC COMMON 98956P102 21 400 SH OTHER 1 300 100 GRAND TOTALS 81,619 2,562,126