WHEELING, W.Va., Feb. 12,
2025 /PRNewswire/ -- WesBanco, Inc. ("WesBanco")
(Nasdaq: WSBC) and Premier Financial Corp. ("Premier") (Nasdaq:
PFC) today announced that they have received all necessary
regulatory approvals for the pending merger of Premier with and
into WesBanco.
The companies previously announced that the shareholders of
Premier and the shareholders of WesBanco had voted overwhelmingly
to approve the transaction at their respective special meetings on
December 11, 2024.
"We are thrilled to have received all necessary regulatory and
shareholder approvals, marking a significant milestone in our
journey to bring WesBanco and Premier together," said Jeff Jackson, President and Chief Executive
Officer of WesBanco. "These approvals reflect the strength of our
shared vision for a community-focused, regional financial services
provider. We look forward to closing this transformative merger and
delivering the benefits of our combined strengths to our customers,
communities, teams and shareholders."
WesBanco and Premier expect that the closing of the merger will
occur on or about February 28, 2025.
The transaction remains subject to the completion of customary
closing conditions.
The merger will create a regional financial services institution
with approximately $27 billion in
assets, significant economies of scale, and strong pro forma
profitability metrics. With complementary and contiguous geographic
footprints, the combined company would be the 8th largest bank
in Ohio, based on deposit market
share, have increased presence in Indiana, and serve customers in nine
states.
About WesBanco, Inc.
With over 150 years as a
community-focused, regional financial services partner,
WesBanco Inc. (NASDAQ: WSBC) and
its subsidiaries build lasting prosperity through relationships and
solutions that empower our customers for success in their financial
journeys. Customers across our eight-state footprint choose
WesBanco for the comprehensive range and personalized
delivery of our retail and commercial banking solutions, as well as
trust, brokerage, wealth management and insurance services, all
designed to advance their financial goals. Through the strength of
our teams, we leverage large bank capabilities and local focus to
help make every community we serve a better place for people and
businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco
has $18.7 billion in total
assets, with our Trust and Investment Services holding $6.0 billion of assets under management and
securities account values (including annuities) of $1.9 billion through our broker/dealer, as of
December 31, 2024. Learn more
at www.wesbanco.com and follow
@WesBanco on Facebook, LinkedIn and Instagram.
About Premier Financial Corp.
Premier Financial Corp.
(Nasdaq: PFC), headquartered in Defiance,
Ohio, is the holding company for Premier Bank. Premier Bank,
headquartered in Youngstown, Ohio,
operates 73 branches and nine loan offices in Ohio, Michigan, Indiana and Pennsylvania and also serves clients through a
team of wealth professionals dedicated to each community banking
branch. For more information, visit Premier's website
at www.PremierFinCorp.com.
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SOURCE WesBanco, Inc.
