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, 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 -------------------------- Edward J. Lipkus, III, Indiana, PA, October 30, 2007 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: 205 Form 13F Information Table Value Total: $153,906 (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 VOTING AUTHORITY OF VALUE SHS OR SH/ PUT/ INVESTMENT OTHER --------------------- ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------ ------ --------- -------- -------- --- ---- ---------- -------- -------- ------ ----- 1CISCO SYS INC................... COMMON 17275R102 322 9,733 SH OTHER 1 9,733 1L-3 COMMUNICATIONS HLDGS INC.... COMMON 502424104 767 7,512 SH DEFINED 1 7,470 42 1TEXAS INSTRS INC................ COMMON 882508104 109 2,967 SH OTHER 1 2,967 3M CO............................ COMMON 88579Y101 321 3,430 SH DEFINED 1 2,670 760 3M CO............................ COMMON 88579Y101 878 9,385 SH OTHER 1 9,385 ABBOTT LABS...................... COMMON 002824100 976 18,209 SH DEFINED 1 16,644 1,565 ABBOTT LABS...................... COMMON 002824100 25 467 SH OTHER 1 467 ADOBE SYS INC.................... COMMON 00724F101 646 14,803 SH DEFINED 1 14,803 ADOBE SYS INC.................... COMMON 00724F101 7 167 SH OTHER 1 167 AIR PRODS & CHEMS INC............ COMMON 009158106 933 9,547 SH DEFINED 1 9,547 AIR PRODS & CHEMS INC............ COMMON 009158106 15 150 SH OTHER 1 150 ALCOA INC........................ COMMON 013817101 149 3,800 SH DEFINED 1 2,150 1,650 ALCOA INC........................ COMMON 013817101 67 1,700 SH OTHER 1 1,700 ALLSTATE CORP.................... COMMON 020002101 930 16,261 SH DEFINED 1 15,491 770 ALLSTATE CORP.................... COMMON 020002101 396 6,929 SH OTHER 1 6,929 ALLTEL CORP...................... COMMON 020039103 567 8,144 SH DEFINED 1 8,144 ALLTEL CORP...................... COMMON 020039103 398 5,708 SH OTHER 1 242 5,466 ALTRIA GROUP INC................. COMMON 02209S103 1,014 14,582 SH DEFINED 1 14,525 57 ALTRIA GROUP INC................. COMMON 02209S103 2,252 32,390 SH OTHER 1 32,390 AMERICAN INTL GROUP INC.......... COMMON 026874107 940 13,898 SH DEFINED 1 12,576 1,322 AMERICAN INTL GROUP INC.......... COMMON 026874107 104 1,531 SH OTHER 1 1,531 AMGEN INC........................ COMMON 031162100 186 3,280 SH DEFINED 1 2,930 350 AMGEN INC........................ COMMON 031162100 93 1,636 SH OTHER 1 1,636 ANHEUSER BUSCH COS INC........... COMMON 035229103 369 7,374 SH DEFINED 1 7,374 ANHEUSER BUSCH COS INC........... COMMON 035229103 265 5,300 SH OTHER 1 5,300 APACHE CORP...................... COMMON 037411105 950 10,550 SH DEFINED 1 10,550 APACHE CORP...................... COMMON 037411105 81 899 SH OTHER 1 375 524 APPLE INC........................ COMMON 037833100 1,001 6,523 SH DEFINED 1 6,523 AT&T INC......................... COMMON 00206R102 2,240 52,940 SH DEFINED 1 50,950 1,990 AT&T INC......................... COMMON 00206R102 444 10,497 SH OTHER 1 10,492 5 AUTOMATIC DATA PROCESSING IN..... COMMON 053015103 707 15,392 SH DEFINED 1 15,392 AUTOMATIC DATA PROCESSING IN..... COMMON 053015103 92 2,000 SH OTHER 1 2,000 BANK OF AMERICA CORPORATION...... COMMON 060505104 1,298 25,816 SH DEFINED 1 22,590 3,226 BANK OF AMERICA CORPORATION...... COMMON 060505104 305 6,075 SH OTHER 1 6,075 BANK OF NEW YORK MELLON CORP..... COMMON 064058100 446 10,111 SH DEFINED 1 10,074 37 BANK OF NEW YORK MELLON CORP..... COMMON 064058100 194 4,397 SH OTHER 1 1,772 400 2,225 BARR PHARMACEUTICALS INC......... COMMON 068306109 749 13,154 SH DEFINED 1 12,334 820 BARR PHARMACEUTICALS INC......... COMMON 068306109 19 342 SH OTHER 1 342 BECTON DICKINSON & CO............ COMMON 075887109 910 11,090 SH DEFINED 1 11,090 BECTON DICKINSON & CO............ COMMON 075887109 77 933 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 61 584 SH DEFINED 1 584 BOEING CO........................ COMMON 097023105 424 4,036 SH OTHER 1 4,036 BP PLC........................... COMMON 055622104 578 8,332 SH DEFINED 1 8,276 56 BP PLC........................... COMMON 055622104 441 6,356 SH OTHER 1 5,354 1,002 CAPITAL ONE FINL CORP............ COMMON 14040H105 384 5,781 SH DEFINED 1 5,781 CATERPILLAR INC DEL.............. COMMON 149123101 78 989 SH DEFINED 1 989 CATERPILLAR INC DEL.............. COMMON 149123101 194 2,475 SH OTHER 1 2,475 CHEVRON CORP NEW................. COMMON 166764100 1,422 15,198 SH DEFINED 1 13,278 1,920 CHEVRON CORP NEW................. COMMON 166764100 578 6,177 SH OTHER 1 5,552 625 CISCO SYS INC.................... COMMON 17275R102 1,617 48,807 SH DEFINED 1 44,808 3,999 CITIGROUP INC.................... COMMON 172967101 1,095 23,471 SH DEFINED 1 22,422 1,049 CITIGROUP INC.................... COMMON 172967101 213 4,568 SH OTHER 1 4,203 365 CNB FINL CORP PA................. COMMON 126128107 332 23,400 SH DEFINED 1 23,400 CONOCOPHILLIPS................... COMMON 20825C104 270 3,074 SH DEFINED 1 1,404 1,670 CONOCOPHILLIPS................... COMMON 20825C104 176 2,000 SH OTHER 1 2,000 CONSTELLATION ENERGY GROUP I..... COMMON 210371100 3 30 SH DEFINED 1 30 CONSTELLATION ENERGY GROUP I..... COMMON 210371100 214 2,500 SH OTHER 1 2,500 COVENTRY HEALTH CARE INC......... COMMON 222862104 176 2,824 SH DEFINED 1 2,790 34 COVENTRY HEALTH CARE INC......... COMMON 222862104 29 463 SH OTHER 1 463 CVS CAREMARK CORPORATION......... COMMON 126650100 742 18,721 SH DEFINED 1 18,721 CVS CAREMARK CORPORATION......... COMMON 126650100 20 501 SH OTHER 1 501 DANAHER CORP DEL................. COMMON 235851102 708 8,559 SH DEFINED 1 8,559 DISNEY WALT CO................... COMMON 254687106 947 27,540 SH DEFINED 1 26,230 1,310 DISNEY WALT CO................... COMMON 254687106 34 1,000 SH OTHER 1 1,000 DOMINION RES INC VA NEW.......... COMMON 25746U109 884 10,490 SH DEFINED 1 10,490 DOMINION RES INC VA NEW.......... COMMON 25746U109 132 1,562 SH OTHER 1 1,562 DOW CHEM CO...................... COMMON 260543103 256 5,941 SH DEFINED 1 5,941 DOW CHEM CO...................... COMMON 260543103 11 250 SH OTHER 1 250 DU PONT E I DE NEMOURS & CO...... COMMON 263534109 332 6,704 SH DEFINED 1 6,704 DU PONT E I DE NEMOURS & CO...... COMMON 263534109 94 1,900 SH OTHER 1 300 1,600 EASTMAN CHEM CO.................. COMMON 277432100 519 7,777 SH DEFINED 1 7,762 15 EASTMAN CHEM CO.................. COMMON 277432100 28 426 SH OTHER 1 426 EBAY INC......................... COMMON 278642103 829 21,242 SH DEFINED 1 21,242 EBAY INC......................... COMMON 278642103 19 475 SH OTHER 1 475 ELECTRONIC ARTS INC.............. COMMON 285512109 511 9,132 SH DEFINED 1 9,132 ELECTRONIC ARTS INC.............. COMMON 285512109 6 100 SH OTHER 1 100 EMBRYO DEV CORP.................. COMMON 290818103 0 15,000 SH DEFINED 1 15,000 EMERSON ELEC CO.................. COMMON 291011104 74 1,390 SH DEFINED 1 600 790 EMERSON ELEC CO.................. COMMON 291011104 943 17,710 SH OTHER 1 17,710 ESB FINANCIAL CORP............... COMMON 26884F102 133 12,510 SH DEFINED 12,510 0 0 EXELON CORP...................... COMMON 30161N101 155 2,056 SH DEFINED 1 2,036 20 EXELON CORP...................... COMMON 30161N101 107 1,416 SH OTHER 1 1,416 EXXON MOBIL CORP................. COMMON 30231G102 4,774 51,574 SH DEFINED 1 51,574 EXXON MOBIL CORP................. COMMON 30231G102 3,020 32,624 SH OTHER 1 12,707 19,917 FEDEX CORP....................... COMMON 31428X106 1,076 10,269 SH DEFINED 1 10,049 220 FEDEX CORP....................... COMMON 31428X106 18 175 SH OTHER 1 175 FIRST COMWLTH FINL CORP PA....... COMMON 319829107 13,240 1,197,125 SH DEFINED 1 1,193,659 3,466 FIRST COMWLTH FINL CORP PA....... COMMON 319829107 858 77,602 SH OTHER 1 43,887 33,715 FIRSTMERIT CORP.................. COMMON 337915102 198 10,000 SH DEFINED 10,000 0 0 FNB.............................. COMMON 302520101 5,021 303,600 SH DEFINED 303,600 0 0 FORTUNE BRANDS INC............... COMMON 349631101 950 11,664 SH DEFINED 1 11,024 640 FORTUNE BRANDS INC............... COMMON 349631101 22 275 SH OTHER 1 275 FPL GROUP INC.................... COMMON 302571104 158 2,598 SH DEFINED 1 2,450 148 FPL GROUP INC.................... COMMON 302571104 127 2,083 SH OTHER 1 2,083 FRANKLIN RES INC................. COMMON 354613101 530 4,153 SH DEFINED 1 4,153 GATEWAY BANK OF PENNSYLVANIA..... COMMON 869099101 50 5,000 SH DEFINED 5,000 0 0 GENERAL ELECTRIC CO.............. COMMON 369604103 2,481 59,936 SH DEFINED 1 57,071 2,865 GENERAL ELECTRIC CO.............. COMMON 369604103 5,383 130,033 SH OTHER 1 128,203 1,830 GLAXOSMITHKLINE PLC.............. COMMON 37733W105 219 4,119 SH DEFINED 1 4,119 GLAXOSMITHKLINE PLC.............. COMMON 37733W105 4 67 SH OTHER 1 67 HARLEYSVILLE NATIONAL CORP....... COMMON 412850109 752 47,349 SH DEFINED 47,349 0 0 HARTFORD FINL SVCS GROUP INC..... COMMON 416515104 1,067 11,532 SH DEFINED 1 11,032 500 HARTFORD FINL SVCS GROUP INC..... COMMON 416515104 93 1,002 SH OTHER 1 1,002 HELMERICH & PAYNE INC............ COMMON 423452101 592 18,037 SH DEFINED 1 18,037 HUNTINGTON BANCSHARES, INC....... COMMON 446150104 170 10,000 SH DEFINED 10,000 0 0 INGERSOLL-RAND COMPANY LTD....... COMMON G4776G101 857 15,736 SH DEFINED 1 15,646 90 INGERSOLL-RAND COMPANY LTD....... COMMON G4776G101 667 12,250 SH OTHER 1 12,250 INTEL CORP....................... COMMON 458140100 378 14,635 SH DEFINED 1 10,135 4,500 INTEL CORP....................... COMMON 458140100 93 3,600 SH OTHER 1 3,600 INTERNATIONAL BUSINESS MACHS..... COMMON 459200101 1,568 13,314 SH DEFINED 1 13,198 116 INTERNATIONAL BUSINESS MACHS..... COMMON 459200101 1,773 15,050 SH OTHER 1 14,950 100 JACOBS ENGR GROUP INC DEL........ COMMON 469814107 1,296 17,142 SH DEFINED 1 17,142 JACOBS ENGR GROUP INC DEL........ COMMON 469814107 36 475 SH OTHER 1 475 JOHNSON & JOHNSON................ COMMON 478160104 1,380 21,007 SH DEFINED 1 19,992 1,015 JOHNSON & JOHNSON................ COMMON 478160104 592 9,007 SH OTHER 1 9,007 JP MORGAN CHASE & CO............. COMMON 46625H100 354 7,727 SH DEFINED 1 5,977 1,750 JP MORGAN CHASE & CO............. COMMON 46625H100 154 3,370 SH OTHER 1 3,370 JUNIATA VALLEY NATL BK........... COMMON 482016102 992 48,238 SH DEFINED 1 48,238 KRAFT FOODS INC.................. COMMON 50075N104 32 930 SH DEFINED 1 930 KRAFT FOODS INC.................. COMMON 50075N104 777 22,526 SH OTHER 1 22,526 L-3 COMMUNICATIONS HLDGS INC..... COMMON 502424104 18 175 SH OTHER 1 175 LEESPORT FINANCIAL CORPORATION... COMMON 524477106 1,827 95,005 SH DEFINED 95,005 0 0 LOWES COS INC.................... COMMON 548661107 860 30,699 SH DEFINED 1 30,699 LOWES COS INC.................... COMMON 548661107 173 6,183 SH OTHER 1 5,583 600 MAGNITUDE INFORMATION SYS IN..... COMMON 559534102 5 112,400 SH DEFINED 1 112,400 MARATHON OIL CORP................ COMMON 565849106 231 4,046 SH DEFINED 1 1,766 2,280 MCCORMICK & CO INC............... COMMON 579780206 765 21,278 SH DEFINED 1 20,423 855 MCCORMICK & CO INC............... COMMON 579780206 11 300 SH OTHER 1 300 MCDONALDS CORP................... COMMON 580135101 645 11,846 SH DEFINED 1 11,581 265 MCDONALDS CORP................... COMMON 580135101 27 500 SH OTHER 1 500 MCKESSON CORP.................... COMMON 58155Q103 662 11,258 SH DEFINED 1 11,235 23 MERCK & CO INC................... COMMON 589331107 119 2,299 SH DEFINED 1 2,299 MERCK & CO INC................... COMMON 589331107 1,369 26,478 SH OTHER 1 25,978 500 MERRILL LYNCH & CO INC........... COMMON 590188108 874 12,264 SH DEFINED 1 11,744 520 MERRILL LYNCH & CO INC........... COMMON 590188108 333 4,675 SH OTHER 1 4,675 MICROSOFT CORP................... COMMON 594918104 1,213 41,172 SH DEFINED 1 39,152 2,020 MICROSOFT CORP................... COMMON 594918104 205 6,958 SH OTHER 1 6,958 MORGAN STANLEY................... COMMON 617446448 1 20 SH DEFINED 1 20 MORGAN STANLEY................... COMMON 617446448 295 4,680 SH OTHER 1 4,680 NATIONAL CITY CORP............... COMMON 635405103 362 14,414 SH DEFINED 1 14,303 111 NATIONAL CITY CORP............... COMMON 635405103 4 150 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 4,367 165,377 SH DEFINED 165,377 0 0 ORACLE CORP...................... COMMON 68389X105 978 45,160 SH DEFINED 1 45,160 ORACLE CORP...................... COMMON 68389X105 63 2,933 SH OTHER 1 2,933 PARKVALE FINANCIAL CORP.......... COMMON 701492100 6,514 224,544 SH DEFINED 224,544 0 0 PENNSYLVANIA RL ESTATE INVT...... COMMON 709102107 289 7,414 SH DEFINED 1 7,414 PEPSICO INC...................... COMMON 713448108 1,684 22,981 SH DEFINED 1 22,133 848 PEPSICO INC...................... COMMON 713448108 1,675 22,867 SH OTHER 1 22,867 PETSMART INC..................... COMMON 716768106 796 24,954 SH DEFINED 1 23,844 1,110 PETSMART INC..................... COMMON 716768106 11 350 SH OTHER 1 350 PFIZER INC....................... COMMON 717081103 403 16,497 SH DEFINED 1 13,044 3,453 PFIZER INC....................... COMMON 717081103 632 25,869 SH OTHER 1 25,869 PNC FINL SVCS GROUP INC.......... COMMON 693475105 338 4,958 SH DEFINED 1 4,857 101 PNC FINL SVCS GROUP INC.......... COMMON 693475105 286 4,200 SH OTHER 1 4,200 PPG INDS INC..................... COMMON 693506107 222 2,938 SH DEFINED 1 2,938 PPG INDS INC..................... COMMON 693506107 1,617 21,404 SH OTHER 1 16,554 4,850 PPL CORP......................... COMMON 69351T106 340 7,342 SH DEFINED 1 7,342 PPL CORP......................... COMMON 69351T106 130 2,800 SH OTHER 1 2,800 PRICE T ROWE GROUP INC........... COMMON 74144T108 1,011 18,159 SH DEFINED 1 18,159 PRICE T ROWE GROUP INC........... COMMON 74144T108 75 1,350 SH OTHER 1 1,350 PROCTER & GAMBLE CO.............. COMMON 742718109 1,702 24,198 SH DEFINED 1 23,428 770 PROCTER & GAMBLE CO.............. COMMON 742718109 2,912 41,396 SH OTHER 1 41,396 PUBLIC SVC ENTERPRISE GROUP...... COMMON 744573106 243 2,759 SH DEFINED 1 1,539 1,220 PUBLIC SVC ENTERPRISE GROUP...... COMMON 744573106 372 4,230 SH OTHER 1 4,230 ROCKWELL AUTOMATION INC.......... COMMON 773903109 206 2,959 SH DEFINED 1 2,959 ROCKWELL AUTOMATION INC.......... COMMON 773903109 139 2,000 SH OTHER 1 2,000 ROCKWELL COLLINS INC............. COMMON 774341101 193 2,637 SH DEFINED 1 2,637 ROCKWELL COLLINS INC............. COMMON 774341101 146 2,000 SH OTHER 1 2,000 ROYAL BANCSHARES OF PENN-A....... COMMON 780081105 442 20,156 SH DEFINED 20,156 0 0 ROYAL DUTCH SHELL PLC............ COMMON 780259206 66 802 SH DEFINED 1 714 88 ROYAL DUTCH SHELL PLC............ COMMON 780259206 370 4,500 SH OTHER 1 4,500 S & T BANCORP INC................ COMMON 783859101 2,621 81,672 SH DEFINED 1 81,672 S & T BANCORP INC................ COMMON 783859101 182 5,656 SH OTHER 1 5,656 SCHLUMBERGER LTD................. COMMON 806857108 1,205 11,473 SH DEFINED 1 11,317 156 SCHLUMBERGER LTD................. COMMON 806857108 364 3,468 SH OTHER 1 3,468 SOUTHERN CO...................... COMMON 842587107 716 19,749 SH DEFINED 1 19,502 247 SOUTHERN CO...................... COMMON 842587107 5 150 SH OTHER 1 150 SUSQUEHANNA BANCSHARES INC....... COMMON 869099101 1,397 69,487 SH DEFINED 69,487 0 0 SUSQUEHANNA BANCSHARES INC P..... COMMON 869099101 1,050 52,242 SH DEFINED 1 52,242 TARGET CORP...................... COMMON 87612E106 1,257 19,775 SH DEFINED 1 19,775 TARGET CORP...................... COMMON 87612E106 354 5,563 SH OTHER 1 5,563 TEXAS INSTRS INC................. COMMON 882508104 838 22,903 SH DEFINED 1 20,953 1,950 THERMO FISHER SCIENTIFIC INC..... COMMON 883556102 790 13,694 SH DEFINED 1 13,694 TRISTATE CAPITAL BANK............ COMMON 99R733108 500 50,000 SH DEFINED 50,000 0 0 UNITED TECHNOLOGIES CORP......... COMMON 913017109 1,359 16,885 SH DEFINED 1 16,180 705 UNITED TECHNOLOGIES CORP......... COMMON 913017109 31 383 SH OTHER 1 383 VALERO ENERGY CORP NEW........... COMMON 91913Y100 990 14,737 SH DEFINED 1 14,737 VALERO ENERGY CORP NEW........... COMMON 91913Y100 34 500 SH OTHER 1 500 VERIZON COMMUNICATIONS........... COMMON 92343V104 2,208 49,875 SH DEFINED 1 49,875 VERIZON COMMUNICATIONS........... COMMON 92343V104 1,189 26,842 SH OTHER 1 22,298 4,544 VODAFONE GROUP PLC NEW........... COMMON 92857W209 92 2,528 SH DEFINED 1 2,528 VODAFONE GROUP PLC NEW........... COMMON 92857W209 203 5,589 SH OTHER 1 5,589 WACHOVIA CORP NEW................ COMMON 929903102 1,283 25,589 SH DEFINED 1 25,485 104 WELLPOINT INC.................... COMMON 94973V107 685 8,678 SH DEFINED 1 8,678 WELLPOINT INC.................... COMMON 94973V107 8 100 SH OTHER 1 100 WELLS FARGO & CO NEW............. COMMON 949746101 1,006 28,241 SH DEFINED 1 26,886 1,355 WELLS FARGO & CO NEW............. COMMON 949746101 211 5,932 SH OTHER 1 5,932 WILLOW FINANCIAL BANCORP, INC.... COMMON 97111W101 887 71,303 SH DEFINED 71,303 0 0 WINDSTREAM CORP.................. COMMON 97381W104 54 3,825 SH DEFINED 1 3,547 278 WINDSTREAM CORP.................. COMMON 97381W104 92 6,527 SH OTHER 1 100 6,427 WYETH............................ COMMON 983024100 613 13,756 SH DEFINED 1 13,756 WYETH............................ COMMON 983024100 18 400 SH OTHER 1 400 GRAND TOTALS..................... 153,906 4,688,833