WesBanco, Inc. and Premier Financial Corp. announced that they have received all necessary regulatory approvals for their pending merger. This critical development follows overwhelming shareholder approvals from both companies on December 11, 2024.
The receipt of these approvals marks a significant milestone, paving the way for the merger to close. WesBanco and Premier expect the closing of the merger to occur on or about February 28, 2025, subject to customary closing conditions.
The combined entity is projected to form a regional financial services institution with approximately $27 billion in assets. This merger will establish WesBanco as the 8th largest bank in Ohio by deposit market share, expanding its presence across nine states and enhancing its capabilities.
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