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to the highest standards of competencies and performance. By being clear on objectives and expectations, and by holding executives and Board members accountable, First Commonwealth demonstrates that it has a “well functioning system,” Kaplan said “…even realizing cost savings in the regulatory process.” 

In compliance with one corporate governance requirement, the non-management members of the Board have established a meeting schedule without management’s presence. At their first meeting the non-management directors elected David Dahlmann as the Lead Director. Shareholders may communicate in writing directly with the Lead Director at the Corporate Headquarters address. Other information related to First Commonwealth’s compliance with corporate governance requirements can be found in the 2003 Proxy Statement and in the corporate area of our Web site at www.fcbanking.com. 

A t the close of 2003, First Commonwealth stands in an excellent position for increasing its value for shareholders. With a successful new branding strategy, new partners, and a clear and ambitious business strategy, First Commonwealth is poised for another successful year. First Commonwealth remains committed to improvement for all its stakeholders: employees, clients, communities, and shareholders. 

## JANICE DEMHARTER ASKED THAT THE HIGHLAND MEALS ON WHEELS 

program be the recipient of her Golden Tower Award charitable gift. She served on the steering committee for that organization and believes in its mission to this day. An employee of First Commonwealth for over 35 years, 

Janice has dedicated time and talent to many charitable and civic organizations over the years, including Habitat for Humanity, the March of Dimes, Relay for Life, the Chamber of Commerce, and others. The Business and Professional Women’s Club named Janice their 2003 Woman of the Year. 

