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, 2007 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 Indiana, PA, August 2, 2007 ------------------------------- Edward J. Lipkus, III, 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: 203 Form 13F Information Table Value Total: $151,520 (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 -------- -------- --------- -------- ----------------------- ---------- -------- ------------------- MARKET VOTING AUTHORITY TITLE OF VALUE SHS OR INVESTMENT OTHER ------------------- ISSUER CLASS CUSIP (X$1000) PRN AMT SH/PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE ------ -------- --------- -------- ------- ------ -------- ---------- -------- ------ ------ ----- 3M CO COMMON 88579Y101 267 3,080 SH DEFINED 1 2,670 410 3M CO COMMON 88579Y101 815 9,385 SH OTHER 1 9,385 ABBOTT LABS COMMON 002824100 950 17,735 SH DEFINED 1 16,170 1,565 ABBOTT LABS COMMON 002824100 35 650 SH OTHER 1 650 ADOBE SYS INC COMMON 00724F101 554 13,787 SH DEFINED 1 13,787 ADOBE SYS INC COMMON 00724F101 12 300 SH OTHER 1 300 AIR PRODS & CHEMS INC COMMON 009158106 756 9,401 SH DEFINED 1 9,401 AIR PRODS & CHEMS INC COMMON 009158106 20 250 SH OTHER 1 250 ALCOA INC COMMON 013817101 146 3,600 SH DEFINED 1 1,950 1,650 ALCOA INC COMMON 013817101 77 1,900 SH OTHER 1 1,900 ALLSTATE CORP COMMON 020002101 967 15,729 SH DEFINED 1 14,959 770 ALLSTATE CORP COMMON 020002101 430 6,996 SH OTHER 1 6,996 ALLTEL CORP COMMON 020039103 750 11,103 SH DEFINED 1 11,103 ALLTEL CORP COMMON 020039103 408 6,041 SH OTHER 1 475 5,566 ALTRIA GROUP INC COMMON 02209S103 992 14,142 SH DEFINED 1 14,085 57 ALTRIA GROUP INC COMMON 02209S103 2,303 32,840 SH OTHER 1 32,840 AMERICAN INTL GROUP INC COMMON 026874107 894 12,761 SH DEFINED 1 12,131 630 AMERICAN INTL GROUP INC COMMON 026874107 120 1,718 SH OTHER 1 1,718 AMGEN INC COMMON 031162100 900 16,272 SH DEFINED 1 15,922 350 AMGEN INC COMMON 031162100 107 1,936 SH OTHER 1 1,936 ANHEUSER BUSCH COS INC COMMON 035229103 125 2,400 SH DEFINED 1 2,400 ANHEUSER BUSCH COS INC COMMON 035229103 287 5,500 SH OTHER 1 5,500 APACHE CORP COMMON 037411105 827 10,134 SH DEFINED 1 10,134 APACHE CORP COMMON 037411105 86 1,049 SH OTHER 1 525 524 APPLE INC COMMON 037833100 784 6,427 SH DEFINED 1 6,427 AT&T INC COMMON 00206R102 1,693 40,785 SH DEFINED 1 38,795 1,990 AT&T INC COMMON 00206R102 506 12,187 SH OTHER 1 10,774 1,408 5 AUTOMATIC DATA PROCESSING IN COMMON 053015103 719 14,830 SH DEFINED 1 14,830 AUTOMATIC DATA PROCESSING IN COMMON 053015103 111 2,300 SH OTHER 1 2,300 BANK OF AMERICA CORPORATION COMMON 060505104 1,238 25,323 SH DEFINED 1 22,097 3,226 BANK OF AMERICA CORPORATION COMMON 060505104 311 6,359 SH OTHER 1 6,359 BARR PHARMACEUTICALS INC COMMON 068306109 591 11,760 SH DEFINED 1 11,260 500 BARR PHARMACEUTICALS INC COMMON 068306109 17 342 SH OTHER 1 342 BECTON DICKINSON & CO COMMON 075887109 816 10,955 SH DEFINED 1 10,870 85 BECTON DICKINSON & CO COMMON 075887109 75 1,000 SH OTHER 1 1,000 BERKSHIRE SECURITIES COMMON 084991868 1,339 6,140 SH DEFINED 1 6,140 BERKSHIRE SECURITIES COMMON 084991868 392 1,800 SH OTHER 1 1,800 BOEING CO COMMON 097023105 59 608 SH DEFINED 1 483 125 BOEING CO COMMON 097023105 431 4,486 SH OTHER 1 4,486 BP PLC COMMON 055622104 605 8,387 SH DEFINED 1 8,326 61 BP PLC COMMON 055622104 459 6,356 SH OTHER 1 5,354 1,002 CAPITAL ONE FINL CORP COMMON 14040H105 437 5,569 SH DEFINED 1 5,569 CATERPILLAR INC DEL COMMON 149123101 77 989 SH DEFINED 1 989 CATERPILLAR INC DEL COMMON 149123101 233 2,975 SH OTHER 1 2,975 CHEVRON CORP NEW COMMON 166764100 1,259 14,950 SH DEFINED 1 13,025 1,925 CHEVRON CORP NEW COMMON 166764100 525 6,227 SH OTHER 1 5,552 675 CISCO SYS INC COMMON 17275R102 1,296 46,537 SH DEFINED 1 42,297 4,240 CISCO SYS INC COMMON 17275R102 290 10,400 SH OTHER 1 10,400 CITIGROUP INC COMMON 172967101 1,179 22,992 SH DEFINED 1 21,966 1,026 CITIGROUP INC COMMON 172967101 255 4,968 SH OTHER 1 4,603 365 CNB FINL CORP PA COMMON 126128107 331 23,400 SH DEFINED 1 23,400 CONOCOPHILLIPS COMMON 20825C104 234 2,979 SH DEFINED 1 1,304 1,675 CONOCOPHILLIPS COMMON 20825C104 208 2,650 SH OTHER 1 2,650 CONSTELLATION ENERGY GROUP I COMMON 210371100 3 30 SH DEFINED 1 30 CONSTELLATION ENERGY GROUP I COMMON 210371100 218 2,500 SH OTHER 1 2,500 CVS CAREMARK CORPORATION COMMON 126650100 617 16,935 SH DEFINED 1 16,935 CVS CAREMARK CORPORATION COMMON 126650100 18 501 SH OTHER 1 501 DANAHER CORP DEL COMMON 235851102 622 8,241 SH DEFINED 1 8,241 DISNEY WALT CO COMMON 254687106 902 26,434 SH DEFINED 1 25,124 1,310 DISNEY WALT CO COMMON 254687106 44 1,300 SH OTHER 1 1,300 DOMINION RES INC VA NEW COMMON 25746U109 936 10,839 SH DEFINED 1 10,329 510 DOMINION RES INC VA NEW COMMON 25746U109 141 1,637 SH OTHER 1 1,637 DOW CHEM CO COMMON 260543103 494 11,165 SH DEFINED 1 11,165 DOW CHEM CO COMMON 260543103 11 250 SH OTHER 1 250 DU PONT E I DE NEMOURS & CO COMMON 263534109 358 7,034 SH DEFINED 1 6,704 330 DU PONT E I DE NEMOURS & CO COMMON 263534109 97 1,900 SH OTHER 1 300 1,600 EASTMAN CHEM CO COMMON 277432100 245 3,806 SH DEFINED 1 3,806 EASTMAN CHEM CO COMMON 277432100 27 426 SH OTHER 1 426 EBAY INC COMMON 278642103 663 20,600 SH DEFINED 1 20,600 EBAY INC COMMON 278642103 15 475 SH OTHER 1 475 ELECTRONIC ARTS INC COMMON 285512109 422 8,916 SH DEFINED 1 8,916 ELECTRONIC ARTS INC COMMON 285512109 5 100 SH OTHER 1 100 EMBRYO DEV CORP COMMON 290818103 0 15,000 SH DEFINED 1 15,000 EMERSON ELEC CO COMMON 291011104 65 1,390 SH DEFINED 1 600 790 EMERSON ELEC CO COMMON 291011104 829 17,710 SH OTHER 1 17,710 ESB FINANCIAL CORP COMMON 26884F102 138 12,510 SH DEFINED 12,510 0 0 EXELON CORP COMMON 30161N101 164 2,256 SH DEFINED 1 2,236 20 EXELON CORP COMMON 30161N101 103 1,416 SH OTHER 1 1,416 EXXON MOBIL CORP COMMON 30231G102 4,283 51,060 SH DEFINED 1 51,055 5 COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 -------- -------- --------- -------- ------------------------- ---------- -------- ---------------------- MARKET VOTING AUTHORITY TITLE OF VALUE SHS OR INVESTMENT OTHER ---------------------- ISSUER CLASS CUSIP (X$1000) PRN AMT SH/PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE ------ -------- --------- -------- --------- ------ -------- ---------- -------- --------- ------ ----- EXXON MOBIL CORP COMMON 30231G102 2,809 33,489 SH OTHER 1 13,572 19,917 FEDEX CORP COMMON 31428X106 1,124 10,130 SH DEFINED 1 9,910 220 FEDEX CORP COMMON 31428X106 31 275 SH OTHER 1 275 FIRST COMWLTH FINL CORP PA COMMON 319829107 13,204 1,209,122 SH DEFINED 1 1,196,036 3,466 9,620 FIRST COMWLTH FINL CORP PA COMMON 319829107 873 79,921 SH OTHER 1 44,214 35,707 FIRSTMERIT CORP COMMON 337915102 209 10,000 SH DEFINED 10,000 0 0 FNB COMMON 302520101 5,082 303,600 SH DEFINED 303,600 0 0 FORTUNE BRANDS INC COMMON 349631101 1,000 12,140 SH DEFINED 1 10,890 1,250 FORTUNE BRANDS INC COMMON 349631101 31 375 SH OTHER 1 375 FPL GROUP INC COMMON 302571104 154 2,715 SH DEFINED 1 2,450 265 FPL GROUP INC COMMON 302571104 133 2,350 SH OTHER 1 2,350 FRANKLIN RES INC COMMON 354613101 534 4,029 SH DEFINED 1 4,029 GATEWAY BANK OF PENNSYLVANIA COMMON 869099101 50 5,000 SH DEFINED 5,000 0 0 GENERAL ELECTRIC CO COMMON 369604103 2,286 59,723 SH DEFINED 1 56,858 2,865 GENERAL ELECTRIC CO COMMON 369604103 5,112 133,550 SH OTHER 1 129,820 3,730 GLAXOSMITHKLINE PLC COMMON 37733W105 700 13,361 SH DEFINED 1 13,361 GLAXOSMITHKLINE PLC COMMON 37733W105 10 200 SH OTHER 1 200 HARLEYSVILLE NATIONAL CORP COMMON 412850109 441 27,349 SH DEFINED 10,167 0 0 HARTFORD FINL SVCS GROUP INC COMMON 416515104 1,109 11,262 SH DEFINED 1 10,762 500 HARTFORD FINL SVCS GROUP INC COMMON 416515104 112 1,135 SH OTHER 1 1,135 HELMERICH & PAYNE INC COMMON 423452101 616 17,389 SH DEFINED 1 17,389 INGERSOLL-RAND COMPANY LTD COMMON G4776G101 864 15,759 SH DEFINED 1 15,344 415 INGERSOLL-RAND COMPANY LTD COMMON G4776G101 672 12,250 SH OTHER 1 12,250 INTEL CORP COMMON 458140100 371 15,635 SH DEFINED 1 11,135 4,500 INTEL CORP COMMON 458140100 90 3,800 SH OTHER 1 3,800 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,376 13,073 SH DEFINED 1 12,908 165 INTERNATIONAL BUSINESS MACHS COMMON 459200101 1,605 15,250 SH OTHER 1 15,150 100 JACOBS ENGR GROUP INC DEL COMMON 469814107 967 16,818 SH DEFINED 1 16,818 JACOBS ENGR GROUP INC DEL COMMON 469814107 27 475 SH OTHER 1 475 JOHNSON & JOHNSON COMMON 478160104 1,265 20,535 SH DEFINED 1 19,520 1,015 JOHNSON & JOHNSON COMMON 478160104 588 9,540 SH OTHER 1 9,540 JP MORGAN CHASE & CO COMMON 46625H100 374 7,727 SH DEFINED 1 5,977 1,750 JP MORGAN CHASE & CO COMMON 46625H100 163 3,370 SH OTHER 1 3,370 JUNIATA VALLEY NATL BK COMMON 482016102 1,073 48,238 SH DEFINED 1 48,238 KRAFT FOODS INC COMMON 50075N104 33 930 SH DEFINED 1 930 KRAFT FOODS INC COMMON 50075N104 802 22,754 SH OTHER 1 22,754 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 713 7,325 SH DEFINED 1 7,298 27 L-3 COMMUNICATIONS HLDGS INC COMMON 502424104 17 175 SH OTHER 1 175 LEESPORT FINANCIAL CORPORATION COMMON 524477106 1,893 95,005 SH DEFINED 90,482 0 0 LEHMAN BROS HLDGS INC COMMON 524908100 735 9,702 SH DEFINED 1 9,702 LEHMAN BROS HLDGS INC COMMON 524908100 45 600 SH OTHER 1 600 LOWES COS INC COMMON 548661107 993 32,356 SH DEFINED 1 31,056 1,300 LOWES COS INC COMMON 548661107 210 6,850 SH OTHER 1 6,250 600 MAGNITUDE INFORMATION SYS IN COMMON 559534102 5 112,400 SH DEFINED 1 112,400 MARATHON OIL CORP COMMON 565849106 236 3,930 SH DEFINED 1 1,650 2,280 MCCORMICK & CO INC COMMON 579780206 797 20,878 SH DEFINED 1 20,023 855 MCCORMICK & CO INC COMMON 579780206 11 300 SH OTHER 1 300 MCDONALDS CORP COMMON 580135101 540 10,648 SH DEFINED 1 10,243 405 MCDONALDS CORP COMMON 580135101 25 500 SH OTHER 1 500 MELLON FINANCIAL CORP COM COMMON 58551A108 465 10,559 SH DEFINED 1 10,074 485 MELLON FINANCIAL CORP COM COMMON 58551A108 168 3,825 SH OTHER 1 1,600 2,225 MERCK & CO INC COMMON 589331107 114 2,299 SH DEFINED 1 2,299 MERCK & CO INC COMMON 589331107 1,319 26,478 SH OTHER 1 25,978 500 MERRILL LYNCH & CO INC COMMON 590188108 992 11,870 SH DEFINED 1 11,350 520 MERRILL LYNCH & CO INC COMMON 590188108 416 4,975 SH OTHER 1 4,975 MICROSOFT CORP COMMON 594918104 1,200 40,730 SH DEFINED 1 38,500 2,230 MICROSOFT CORP COMMON 594918104 217 7,375 SH OTHER 1 7,375 MORGAN STANLEY COMMON 617446448 8 100 SH DEFINED 1 100 MORGAN STANLEY COMMON 617446448 393 4,680 SH OTHER 1 4,680 NATIONAL CITY CORP COMMON 635405103 480 14,414 SH DEFINED 1 14,303 111 NATIONAL CITY CORP COMMON 635405103 5 150 SH OTHER 1 150 NEW MEXICO BANQUEST COMMON 647991926 1,686 7,207 SH DEFINED 1 7,207 NEW MEXICO BANQUEST COMMON 647991926 168 717 SH OTHER 1 717 OMEGA FINANCIAL CORP COMMON 682092101 4,447 165,377 SH DEFINED 165,377 0 0 ORACLE CORP COMMON 68389X105 861 43,697 SH DEFINED 1 43,697 ORACLE CORP COMMON 68389X105 74 3,766 SH OTHER 1 3,766 PARKVALE FINANCIAL CORP COMMON 701492100 6,672 224,544 SH DEFINED 224,544 0 0 PENNSYLVANIA RL ESTATE INVT COMMON 709102107 329 7,414 SH DEFINED 1 7,414 PEPSICO INC COMMON 713448108 1,401 21,607 SH DEFINED 1 21,607 PEPSICO INC COMMON 713448108 1,530 23,600 SH OTHER 1 23,600 PETSMART INC COMMON 716768106 791 24,371 SH DEFINED 1 23,261 1,110 PETSMART INC COMMON 716768106 11 350 SH OTHER 1 350 PFIZER INC COMMON 717081103 425 16,634 SH DEFINED 1 13,194 3,440 PFIZER INC COMMON 717081103 669 26,169 SH OTHER 1 26,169 PNC FINL SVCS GROUP INC COMMON 693475105 374 5,222 SH DEFINED 1 5,057 165 PNC FINL SVCS GROUP INC COMMON 693475105 358 5,000 SH OTHER 1 4,200 800 PPG INDS INC COMMON 693506107 180 2,362 SH DEFINED 1 2,362 PPG INDS INC COMMON 693506107 1,667 21,904 SH OTHER 1 16,654 5,250 PPL CORP COMMON 69351T106 348 7,442 SH DEFINED 1 7,442 PPL CORP COMMON 69351T106 159 3,400 SH OTHER 1 3,400 PRICE T ROWE GROUP INC COMMON 74144T108 921 17,756 SH DEFINED 1 17,756 PRICE T ROWE GROUP INC COMMON 74144T108 70 1,350 SH OTHER 1 1,350 PROCTER & GAMBLE CO COMMON 742718109 1,448 23,660 SH DEFINED 1 22,890 770 PROCTER & GAMBLE CO COMMON 742718109 2,564 41,896 SH OTHER 1 41,896 PROVIDENCE SVC CORP COMMON 743815102 2,091 78,247 SH DEFINED 1 78,247 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 242 2,759 SH DEFINED 1 1,539 1,220 PUBLIC SVC ENTERPRISE GROUP COMMON 744573106 371 4,230 SH OTHER 1 4,230 ROCKWELL AUTOMATION INC COMMON 773903109 205 2,949 SH DEFINED 1 2,949 ROCKWELL AUTOMATION INC COMMON 773903109 139 2,000 SH OTHER 1 2,000 COLUMN 1 COL 2 COL 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 -------- -------- --------- -------- ------------------------- ---------- -------- ------------------- MARKET VOTING AUTHORITY TITLE OF VALUE SHS OR INVESTMENT OTHER ------------------- ISSUER CLASS CUSIP (X$1000) PRN AMT SH/PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE ------ -------- --------- -------- --------- ------ -------- ---------- -------- ------ ------ ----- ROCKWELL COLLINS INC COMMON 774341101 186 2,637 SH DEFINED 1 2,637 ROCKWELL COLLINS INC COMMON 774341101 141 2,000 SH OTHER 1 2,000 ROYAL BANCSHARES OF PENN-A COMMON 780081105 397 20,156 SH DEFINED 20,156 0 0 ROYAL DUTCH SHELL PLC COMMON 780259206 70 864 SH DEFINED 1 776 88 ROYAL DUTCH SHELL PLC COMMON 780259206 365 4,500 SH OTHER 1 4,500 S & T BANCORP INC COMMON 783859101 2,703 82,160 SH DEFINED 1 82,160 S & T BANCORP INC COMMON 783859101 252 7,656 SH OTHER 1 7,656 SCHLUMBERGER LTD COMMON 806857108 972 11,440 SH DEFINED 1 10,850 590 SCHLUMBERGER LTD COMMON 806857108 295 3,468 SH OTHER 1 3,468 SOUTHERN CO COMMON 842587107 668 19,474 SH DEFINED 1 19,159 315 SOUTHERN CO COMMON 842587107 15 450 SH OTHER 1 450 SUSQUEHANNA BANCSHARES INC COMMON 869099101 1,554 69,487 SH DEFINED 59,487 0 0 SUSQUEHANNA BANCSHARES INC P COMMON 869099101 1,169 52,242 SH DEFINED 1 52,242 TARGET CORP COMMON 87612E106 1,237 19,450 SH DEFINED 1 19,450 TARGET CORP COMMON 87612E106 402 6,313 SH OTHER 1 6,313 TEXAS INSTRS INC COMMON 882508104 840 22,333 SH DEFINED 1 20,383 1,950 TEXAS INSTRS INC COMMON 882508104 124 3,300 SH OTHER 1 3,300 TRISTATE CAPITAL BANK COMMON 99R733108 500 50,000 SH DEFINED 50,000 0 0 UNITED TECHNOLOGIES CORP COMMON 913017109 1,158 16,333 SH DEFINED 1 15,628 705 UNITED TECHNOLOGIES CORP COMMON 913017109 43 600 SH OTHER 1 600 VALERO ENERGY CORP NEW COMMON 91913Y100 1,062 14,375 SH DEFINED 1 14,375 VALERO ENERGY CORP NEW COMMON 91913Y100 37 500 SH OTHER 1 500 VERIZON COMMUNICATIONS COMMON 92343V104 2,047 49,720 SH DEFINED 1 49,656 64 VERIZON COMMUNICATIONS COMMON 92343V104 1,151 27,956 SH OTHER 1 22,698 5,258 VODAFONE GROUP PLC NEW COMMON 92857W209 85 2,528 SH DEFINED 1 2,528 VODAFONE GROUP PLC NEW COMMON 92857W209 188 5,589 SH OTHER 1 5,589 WACHOVIA CORP NEW COMMON 929903102 1,291 25,187 SH DEFINED 1 25,117 70 WELLPOINT INC COMMON 94973V107 671 8,404 SH DEFINED 1 8,404 WELLPOINT INC COMMON 94973V107 8 100 SH OTHER 1 100 WELLS FARGO & CO NEW COMMON 949746101 985 28,003 SH DEFINED 1 26,648 1,355 WELLS FARGO & CO NEW COMMON 949746101 223 6,332 SH OTHER 1 6,332 WILLOW GROVE BANCORP COMMON 97111W101 927 71,303 SH DEFINED 52,184 0 0 WINDSTREAM CORP COMMON 97381W104 56 3,825 SH DEFINED 1 3,547 278 WINDSTREAM CORP COMMON 97381W104 96 6,527 SH OTHER 1 100 6,427 WYETH COMMON 983024100 770 13,434 SH DEFINED 1 13,104 330 WYETH COMMON 983024100 26 450 SH OTHER 1 450 GRAND TOTALS 151,520 4,743,940