UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    Form 13F

                               Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2008

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,   February 5, 2009

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:        187
Form 13F Information Table Value Total:    $94,770
                                        (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
                               OF               VALUE    SHS OR  SH/ PUT/ INVESTMENT   OTHER     VOTING AUTHORITY
ISSUER                        CLASS   CUSIP   (X$1000)  PRN AMT  PRN CALL DISCRETION MANAGERS    SOLE   SHARED  NONE
---------------------------- ------ --------- -------- --------- --- ---- ---------- -------- --------- ------ -----
                                                                              
1FNB CORP PA                 COMMON 302520101     135     10,224 SH         DEFINED      1       10,224
1PPG INDS INC                COMMON 693506107     749     17,654 SH          OTHER       1       15,154  2,500
1WELLS FARGO & CO NEW        COMMON 949746101     957     32,474 SH         DEFINED      1       30,890        1,584
3M CO                        COMMON 88579Y101     179      3,110 SH         DEFINED      1        2,270          840
3M CO                        COMMON 88579Y101     500      8,685 SH          OTHER       1        8,685
ABBOTT LABS                  COMMON 002824100   1,019     19,087 SH         DEFINED      1       18,164          923
ABBOTT LABS                  COMMON 002824100      57      1,067 SH          OTHER       1        1,067
ADOBE SYS INC                COMMON 00724F101     425     19,945 SH         DEFINED      1       19,945
ADOBE SYS INC                COMMON 00724F101      10        482 SH          OTHER       1          482
AIR PRODS & CHEMS INC        COMMON 009158106     390      7,765 SH         DEFINED      1        7,765
AIR PRODS & CHEMS INC        COMMON 009158106      15        296 SH          OTHER       1          296
ALLSTATE CORP                COMMON 020002101     137      4,168 SH         DEFINED      1        2,684        1,484
ALLSTATE CORP                COMMON 020002101     214      6,529 SH          OTHER       1        6,529
ALTRIA GROUP INC             COMMON 02209S103      42      2,814 SH         DEFINED      1        2,713          101
ALTRIA GROUP INC             COMMON 02209S103     469     31,115 SH          OTHER       1       31,115
APACHE CORP                  COMMON 037411105     720      9,654 SH         DEFINED      1        9,654
APACHE CORP                  COMMON 037411105      70        937 SH          OTHER       1          413    524
APPLE INC                    COMMON 037833100     524      6,144 SH         DEFINED      1        6,144
APPLE INC                    COMMON 037833100      16        185 SH          OTHER       1          185
AT&T INC                     COMMON 00206R102   1,888     66,231 SH         DEFINED      1       62,536        3,695
AT&T INC                     COMMON 00206R102     253      8,894 SH          OTHER       1        8,589    300     5
AUTODESK INC                 COMMON 052769106     301     15,313 SH         DEFINED      1       15,313
AUTODESK INC                 COMMON 052769106      14        705 SH          OTHER       1          705
BANK OF AMERICA CORPORATION  COMMON 060505104     125      8,898 SH         DEFINED      1        8,898
BANK OF AMERICA CORPORATION  COMMON 060505104      88      6,257 SH          OTHER       1        6,257
BANK OF NEW YORK MELLON CORP COMMON 064058100     303     10,699 SH         DEFINED      1        9,719          980
BANK OF NEW YORK MELLON CORP COMMON 064058100     108      3,822 SH          OTHER       1        1,372    400 2,050
BECTON DICKINSON & CO        COMMON 075887109     911     13,315 SH         DEFINED      1       12,719          596
BECTON DICKINSON & CO        COMMON 075887109      68        993 SH          OTHER       1          993
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
BP PLC                       COMMON 055622104     488     10,441 SH         DEFINED      1       10,376           65
BP PLC                       COMMON 055622104     308      6,592 SH          OTHER       1        5,590  1,002






                                                                              
BUNGE LIMITED                COMMON G16962105     557     10,768 SH         DEFINED      1       10,768
BUNGE LIMITED                COMMON G16962105      13        250 SH          OTHER       1          250
BURLINGTON NORTHN SANTA FE C COMMON 12189T104     225      2,970 SH         DEFINED      1        2,970
CHEVRON CORP NEW             COMMON 166764100   1,194     16,142 SH         DEFINED      1       13,944        2,198
CHEVRON CORP NEW             COMMON 166764100     493      6,664 SH          OTHER       1        6,164          500
CISCO SYS INC                COMMON 17275R102     671     41,137 SH         DEFINED      1       37,327        3,810
CISCO SYS INC                COMMON 17275R102     149      9,133 SH          OTHER       1        9,033    100
CNB FINL CORP PA             COMMON 126128107     262     23,400 SH         DEFINED      1       23,400
COLGATE PALMOLIVE CO         COMMON 194162103     431      6,288 SH          OTHER       1        6,288
CONOCOPHILLIPS               COMMON 20825C104     564     10,881 SH         DEFINED      1        9,171        1,710
CONOCOPHILLIPS               COMMON 20825C104     119      2,300 SH          OTHER       1        2,300
CVS CAREMARK CORPORATION     COMMON 126650100     629     21,902 SH         DEFINED      1       21,902
CVS CAREMARK CORPORATION     COMMON 126650100      33      1,136 SH          OTHER       1        1,136
DISNEY WALT CO               COMMON 254687106     778     34,276 SH         DEFINED      1       32,966        1,310
DISNEY WALT CO               COMMON 254687106      33      1,470 SH          OTHER       1        1,470
DOMINION RES INC VA NEW      COMMON 25746U109     666     18,578 SH         DEFINED      1       18,578
DOMINION RES INC VA NEW      COMMON 25746U109     115      3,204 SH          OTHER       1        3,204
DU PONT E I DE NEMOURS & CO  COMMON 263534109     177      7,004 SH         DEFINED      1        7,004
DU PONT E I DE NEMOURS & CO  COMMON 263534109      54      2,142 SH          OTHER       1          942  1,200
EMBRYO DEV CORP              COMMON 290818103      --     15,000 SH         DEFINED      1       15,000
EMERSON ELEC CO              COMMON 291011104      31        840 SH         DEFINED      1           40          800
EMERSON ELEC CO              COMMON 291011104     626     17,110 SH          OTHER       1       17,110
ESB FINANCIAL CORP           COMMON 26884F102     134     12,510 SH         DEFINED              12,510     --    --
EXXON MOBIL CORP             COMMON 30231G102   3,627     45,440 SH         DEFINED      1       45,440
EXXON MOBIL CORP             COMMON 30231G102   2,298     28,781 SH          OTHER       1       11,389 17,392
FEDEX CORP                   COMMON 31428X106     365      5,691 SH         DEFINED      1        5,281          410
FEDEX CORP                   COMMON 31428X106      16        250 SH          OTHER       1          200     50
FIRST COMWLTH FINL CORP PA   COMMON 319829107  13,482  1,089,028 SH         DEFINED      1    1,085,562  3,466
FIRST COMWLTH FINL CORP PA   COMMON 319829107   1,139     91,998 SH          OTHER       1       82,169  9,829
FIRSTMERIT CORP              COMMON 337915102     206     10,000 SH         DEFINED              10,000     --    --
FNB CORP PA                  COMMON 302520101       1         43 SH          OTHER       1           43
FRANKLIN RES INC             COMMON 354613101     369      5,786 SH         DEFINED      1        5,774           12
FRANKLIN RES INC             COMMON 354613101      11        175 SH          OTHER       1          175
GATEWAY BANK OF PENNSYLVANIA COMMON 869099101      50      5,000 SH         DEFINED               5,000     --    --
GENERAL ELECTRIC CO          COMMON 369604103   1,011     62,410 SH         DEFINED      1       60,944        1,466
GENERAL ELECTRIC CO          COMMON 369604103   2,017    124,496 SH          OTHER       1      122,426  1,730   340
GENERAL MLS INC              COMMON 370334104     344      5,663 SH         DEFINED      1        5,596           67
GENERAL MLS INC              COMMON 370334104      12        200 SH          OTHER       1          200
GENZYME CORP                 COMMON 372917104     432      6,512 SH         DEFINED      1        6,462           50
GENZYME CORP                 COMMON 372917104      46        700 SH          OTHER       1          700
GOODRICH CORP                COMMON 382388106     399     10,771 SH         DEFINED      1       10,744           27
GOODRICH CORP                COMMON 382388106       7        180 SH          OTHER       1          180
GOOGLE INC                   COMMON 38259P508     533      1,731 SH         DEFINED      1        1,578          153






                                                                              
GOOGLE INC                   COMMON 38259P508      10         33 SH          OTHER       1           33
HARLEYSVILLE NATIONAL CORP   COMMON 412850109     684     47,349 SH         DEFINED              47,349     --    --
HELMERICH & PAYNE INC        COMMON 423452101     451     19,838 SH         DEFINED      1       19,819           19
HELMERICH & PAYNE INC        COMMON 423452101      10        450 SH          OTHER       1          450
INTEL CORP                   COMMON 458140100     186     12,708 SH         DEFINED      1        8,048        4,660
INTEL CORP                   COMMON 458140100      61      4,180 SH          OTHER       1        3,750          430
INTERNATIONAL BUSINESS MACHS COMMON 459200101   1,099     13,062 SH         DEFINED      1       13,030           32
INTERNATIONAL BUSINESS MACHS COMMON 459200101   1,219     14,490 SH          OTHER       1       14,390    100
JACOBS ENGR GROUP INC DEL    COMMON 469814107     894     18,579 SH         DEFINED      1       18,579
JACOBS ENGR GROUP INC DEL    COMMON 469814107      45        930 SH          OTHER       1          930
JOHNSON & JOHNSON            COMMON 478160104   1,218     20,353 SH         DEFINED      1       19,423          930
JOHNSON & JOHNSON            COMMON 478160104     531      8,872 SH          OTHER       1        8,872
JPMORGAN & CHASE & CO        COMMON 46625H100     753     23,883 SH         DEFINED      1       22,037        1,846
JPMORGAN & CHASE & CO        COMMON 46625H100     137      4,345 SH          OTHER       1        4,345
KRAFT FOODS INC              COMMON 50075N104      18        683 SH         DEFINED      1          554          129
KRAFT FOODS INC              COMMON 50075N104     582     21,676 SH          OTHER       1       21,676
L-3 COMMUNICATIONS HLDGS INC COMMON 502424104     543      7,363 SH         DEFINED      1        7,339           24
L-3 COMMUNICATIONS HLDGS INC COMMON 502424104      30        410 SH          OTHER       1          410
LOWES COS INC                COMMON 548661107     204      9,497 SH         DEFINED      1        9,497
LOWES COS INC                COMMON 548661107      88      4,083 SH          OTHER       1        3,333    750
MCDONALDS CORP               COMMON 580135101   1,277     20,526 SH         DEFINED      1       19,666          860
MCDONALDS CORP               COMMON 580135101      68      1,100 SH          OTHER       1        1,100
MCKESSON CORP                COMMON 58155Q103     394     10,162 SH         DEFINED      1       10,162
MCKESSON CORP                COMMON 58155Q103      15        395 SH          OTHER       1          395
MERCK & CO INC               COMMON 589331107      72      2,373 SH         DEFINED      1        2,373
MERCK & CO INC               COMMON 589331107     721     23,710 SH          OTHER       1       23,210    500
MERRILL LYNCH & CO           COMMON 590188108      92      7,920 SH         DEFINED      1        1,890        6,030
MERRILL LYNCH & CO           COMMON 590188108      50      4,275 SH          OTHER       1        4,275
METLIFE INC                  COMMON 59156R108     388     11,135 SH         DEFINED      1       11,135
METLIFE INC                  COMMON 59156R108       5        140 SH          OTHER       1          140
MICROSOFT CORP               COMMON 594918104     805     41,390 SH         DEFINED      1       36,828        4,562
MICROSOFT CORP               COMMON 594918104     145      7,478 SH          OTHER       1        7,208          270
MOLSON COORS BREWING CO      COMMON 60871R209     826     16,885 SH         DEFINED      1       16,885
MOLSON COORS BREWING CO      COMMON 60871R209      34        700 SH          OTHER       1          450    250
MONSANTO CO NEW              COMMON 61166W101     375      5,329 SH         DEFINED      1        5,293           36
MONSANTO CO NEW              COMMON 61166W101      18        251 SH          OTHER       1          251
NATIONAL CITY CORP           COMMON 635405103      22     11,977 SH         DEFINED      1       11,977
NEW MEXICO BANQUEST          COMMON 647991926   1,859      7,207 SH         DEFINED      1        7,207
NEW MEXICO BANQUEST          COMMON 647991926      49        189 SH          OTHER       1          189
ORACLE CORP                  COMMON 68389X105     786     44,330 SH         DEFINED      1       44,330
ORACLE CORP                  COMMON 68389X105      60      3,358 SH          OTHER       1        3,358
PARKER HANNIFIN CORP         COMMON 701094104     429     10,081 SH         DEFINED      1       10,081
PARKER HANNIFIN CORP         COMMON 701094104      23        550 SH          OTHER       1          550






                                                                              
PARKVALE FINANCIAL CORP      COMMON 701492100   2,789    224,544 SH         DEFINED             224,544     --    --
PEPSICO INC                  COMMON 713448108   1,166     21,282 SH         DEFINED      1       20,374          908
PEPSICO INC                  COMMON 713448108   1,059     19,342 SH          OTHER       1       19,342
PETSMART INC                 COMMON 716768106     633     34,310 SH         DEFINED      1       32,500        1,810
PETSMART INC                 COMMON 716768106      18        950 SH          OTHER       1          950
PFIZER INC                   COMMON 717081103     194     10,944 SH         DEFINED      1        9,695        1,249
PFIZER INC                   COMMON 717081103     368     20,805 SH          OTHER       1       20,425          380
PHARMACEUTICAL PROD DEV INC  COMMON 717124101     579     19,960 SH         DEFINED      1       19,928           32
PHARMACEUTICAL PROD DEV INC  COMMON 717124101      20        700 SH          OTHER       1          700
PHILIP MORRIS INTL INC       COMMON 718172109     805     18,509 SH         DEFINED      1       17,041        1,468
PHILIP MORRIS INTL INC       COMMON 718172109   1,303     29,940 SH          OTHER       1       29,940
PNC FINL SVCS GROUP INC      COMMON 693475105     239      4,881 SH         DEFINED      1        4,854           27
PNC FINL SVCS GROUP INC      COMMON 693475105     196      4,000 SH          OTHER       1        4,000
PPG INDS INC                 COMMON 693506107      74      1,738 SH         DEFINED      1        1,738
PPL CORP                     COMMON 69351T106     181      5,900 SH         DEFINED      1        5,900
PPL CORP                     COMMON 69351T106      81      2,650 SH          OTHER       1        2,650
PRECISION CASTPARTS CORP     COMMON 740189105     391      6,581 SH         DEFINED      1        6,581
PRECISION CASTPARTS CORP     COMMON 740189105      13        225 SH          OTHER       1          225
PRICE T ROWE GROUP INC       COMMON 74144T108     620     17,498 SH         DEFINED      1       16,290        1,208
PRICE T ROWE GROUP INC       COMMON 74144T108      51      1,440 SH          OTHER       1        1,390     50
PROCTER & GAMBLE CO          COMMON 742718109   1,442     23,324 SH         DEFINED      1       22,373          951
PROCTER & GAMBLE CO          COMMON 742718109   2,439     39,456 SH          OTHER       1       39,456
PUBLIC SVC ENTERPRISE GROUP  COMMON 744573106     118      4,041 SH         DEFINED      1        1,541        2,500
PUBLIC SVC ENTERPRISE GROUP  COMMON 744573106     247      8,460 SH          OTHER       1        8,460
QUALCOMM INC                 COMMON 747525103     342      9,532 SH         DEFINED      1        9,532
QUALCOMM INC                 COMMON 747525103      10        272 SH          OTHER       1          272
ROCKWELL AUTOMATION INC      COMMON 773903109     151      4,670 SH         DEFINED      1        4,670
ROCKWELL AUTOMATION INC      COMMON 773903109      64      2,000 SH          OTHER       1        2,000
ROCKWELL COLLINS INC         COMMON 774341101     167      4,269 SH         DEFINED      1        4,269
ROCKWELL COLLINS INC         COMMON 774341101      78      2,000 SH          OTHER       1        2,000
ROYAL BANCSHARES OF PENN-A   COMMON 780081105      67     20,156 SH         DEFINED              20,156     --    --
ROYAL DUTCH SHELL PLC        COMMON 780259206      44        823 SH         DEFINED      1          734           89
ROYAL DUTCH SHELL PLC        COMMON 780259206     238      4,500 SH          OTHER       1        4,500
S & T BANCORP INC            COMMON 783859101   1,992     56,120 SH         DEFINED      1       56,120
S & T BANCORP INC            COMMON 783859101     546     15,384 SH          OTHER       1       15,384
SCHLUMBERGER LTD             COMMON 806857108     279      6,591 SH         DEFINED      1        6,591
SCHLUMBERGER LTD             COMMON 806857108     136      3,218 SH          OTHER       1        3,218
STATE STR CORP               COMMON 857477103     408     10,366 SH         DEFINED      1       10,366
STATE STR CORP               COMMON 857477103       8        214 SH          OTHER       1          214
SUSQUEHANNA BANCSHARES INC   COMMON 869099101   1,106     69,487 SH         DEFINED              69,487     --    --
SUSQUEHANNA BANCSHARES INC P COMMON 869099101     831     52,242 SH         DEFINED      1       52,242
TARGET CORP                  COMMON 87612E106     547     15,830 SH         DEFINED      1       15,830
TARGET CORP                  COMMON 87612E106     171      4,938 SH          OTHER       1        4,938






                                                                              
TEVA PHARMACEUTICAL INDS LTD COMMON 881624209     398      9,350 SH         DEFINED      1        9,245          105
TEVA PHARMACEUTICAL INDS LTD COMMON 881624209      11        263 SH          OTHER       1           63    200
TEXAS INSTRS INC             COMMON 882508104     136      8,746 SH         DEFINED      1        6,866        1,880
TEXAS INSTRS INC             COMMON 882508104      35      2,267 SH          OTHER       1        2,267
THERMO FISHER SCIENTIFIC INC COMMON 883556102     577     16,924 SH         DEFINED      1       16,924
THERMO FISHER SCIENTIFIC INC COMMON 883556102      22        635 SH          OTHER       1          635
TIME WARNER CABLE INC        COMMON 88732J108     369     17,220 SH         DEFINED      1       17,220
TIME WARNER CABLE INC        COMMON 88732J108      16        768 SH          OTHER       1          768
TRISTATE CAPITAL BANK        COMMON 99R733108     600     50,000 SH         DEFINED              50,000     --    --
UNITED TECHNOLOGIES CORP     COMMON 913017109     233      4,340 SH         DEFINED      1        3,508          832
UNITED TECHNOLOGIES CORP     COMMON 913017109      29        533 SH          OTHER       1          533
US BANCORP DEL               COMMON 902973304     436     17,422 SH         DEFINED      1       15,126        2,296
US BANCORP DEL               COMMON 902973304      18        712 SH          OTHER       1          712
VERIZON COMMUNICATIONS INC   COMMON 92343V104   1,536     45,311 SH         DEFINED      1       45,216           95
VERIZON COMMUNICATIONS INC   COMMON 92343V104     806     23,770 SH          OTHER       1       19,926  3,844
VISA INC                     COMMON 92826C839     337      6,433 SH         DEFINED      1        6,433
VISA INC                     COMMON 92826C839       8        150 SH          OTHER       1          150
VIST FINANCIAL CORP          COMMON 524477106     734     95,005 SH         DEFINED              95,005     --    --
WAL MART STORES INC          COMMON 931142103     254      4,532 SH         DEFINED      1        4,532
WAL MART STORES INC          COMMON 931142103      57      1,020 SH          OTHER       1          950           70
WELLS FARGO & CO NEW         COMMON 949746101     193      6,532 SH          OTHER       1        6,532
XCEL ENERGY INC              COMMON 98389B100     542     29,203 SH         DEFINED      1       29,203
XCEL ENERGY INC              COMMON 98389B100      33      1,770 SH          OTHER       1        1,770
ZIMMER HLDGS INC             COMMON 98956P102     260      6,422 SH         DEFINED      1        6,002          420
ZIMMER HLDGS INC             COMMON 98956P102      15        380 SH          OTHER       1          250          130

GRAND TOTALS                                   94,770  3,720,440