Despite the high-profile failures of Silicon Valley Bank, Signature Bank and First Republic Bank this year, most bank deposits are safe because of federal insurance, local bank officials and a financial expert said. “The majority of the deposits are safe because they are insured by the FDIC (Federal Deposit Insurance
Courtesy of Anthony Vecchio
TribLIVE s Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox.
First Commonwealth Bank’s Unity branch will reopen at 9 a.m. Wednesday, ending a temporary closure caused when an SUV crashed into the building early Friday evening.
No injuries were reported in the wreck that occurred shortly before 5:30 p.m. along Route 30 at Sharky’s Drive.
Brian Schultheis, chief of the responding Lloydsville Volunteer Fire Department, said the westbound SUV swerved off the highway, went over a curb and crashed into the front of the building.
The man driving the SUV was checked by medics at the scene and indicated he didn’t want treatment, while two employees who were inside the building safely left by an alternate exit, according to Schultheis.
Courtesy of Anthony Vecchio
TribLIVE s Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox.
A branch of First Commonwealth Bank in Unity was damaged when it was struck by a small SUV that swerved off Route 30 early Friday evening.
No one was injured, but the building on Sharky’s Drive was extensively damaged in the crash that occurred shortly before 5:30 p.m., according to Lloydsville fire Chief Brian Schultheis.
“Luckily, the branch had just closed, and the employees were closing up,” he said.
The car crashed through the front wall of the building, resulting in structural damage, Schultheis said. He said two employees were inside the building but were able to safely leave by an alternate exit.
A historic former bank building in Leechburg is for sale.
The former drive-thru location of First Commonwealth Bank, at 200 Market St., was listed for $55,000 several months ago.
Two First Commonwealth bank locations in Leechburg closed in December, the result of an increase in online banking and continuing challenges from the coronavirus pandemic.
The borough has one remaining bank, Nextier Bank at 160 Market St.
According to the Leechburg Area Museum and Historical Society, the three-story First Commonwealth property dates to 1893. It was built to be the new location for a drug store owned by J.H. Parks.
“The building is a fine example of Queen Anne architecture even after being modified by the bank, which also added a drive-thru,” said historical society president Larry Boehm. “I think it’s a great location for a drive-thru coffee shop or even ice cream.