checking packages running the gamut from a high yielding money market account to a totally free checking product. This product is being launched with a massive direct mail campaign and a selection of exciting gifts for clients opening a new account. The new “Step-Up” certificate of deposit guarantees an increasing interest rate each year over the four-year term of the instrument. This product has been very popular as many clients want to maximize their current yield while protecting their return should interest rates rise. Details about these and other new products can be obtained by calling our Convenience Banking Center (800-711-BANK) or visiting our web site (fcfbank.com or swbank.com). You will also want to check out the new on-line banking services that have just been introduced. These new features combine with “WebPay” to provide a complete on-line delivery channel providing the convenience of banking from home twenty-four hours a day, seven days a week. The ability of our Growth Units to provide “Total Solutions” to their clients was greatly enhanced on March 1 when a partnership with Richard Applegate was announced. Rick brings his two well respected companies to the First Commonwealth family. Strategic Capital Concepts, Inc. is a financial planning and consulting firm and Strategic Financial Advisors, Inc. is an asset management firm. Both firms are headquartered in the Pittsburgh suburb of Allison Park. The year 2001 was certainly eventful and one that saw substantial progress at First Commonwealth. So far 2002 is off to an even faster start with the promise of continued progress and success. As always I thank our employees for their hard work and dedication, and our shareholders for their continued confidence. Another major initiative has been launched to bring all our partner organizations together under a common brand. This move will enhance our name recognition and our ability to cost effectively market our products and services. This project is to be completed before year-end 2002. First Commonwealth employees have recommitted themselves to serving their communities since the events of September 11. The role of our people in a wide range of community and charitable organizations is indeed dramatic. In most cases, our employees are providing the critical leadership functions that truly make our communities great. I am exceptionally proud of the individual contributions of our people in making the places where we live, work, and do business even better. Rick may be familiar to many of our shareholders due to his frequent appearances as a commentator and reporter on a variety of national financial programs such as CNBC’s “The Money Club” and “PowerLunch.” He is also a frequent guest on CNN and Bloomberg TV and has appeared as a market commentator locally for WTAE and WPXI. 3 Annual Report  Two Thousand One