WesBanco, Inc. announced the successful completion of its acquisition of Premier Financial Corp., effective February 28, 2025. This strategic merger included the integration of Premier's subsidiary bank, Premier Bank, into WesBanco Bank, Inc.
As part of the acquisition, four former Premier directors—Zahid Afzal, John L. Bookmyer, Louis M. Altman, and Lee J. Burdman—were appointed to the WesBanco Board of Directors. This move aims to leverage their expertise and connections in the newly expanded markets.
The completed acquisition creates a regional financial services institution with approximately $27 billion in assets, positioning WesBanco as the 81st largest insured depository organization in the United States and the 8th largest bank in Ohio by deposit market share. WesBanco now operates over 250 financial centers and loan production offices across nine states, significantly expanding its geographic footprint and service capabilities. Former Premier financial centers will continue operating under the Premier Bank name until customer and data conversion in mid-May.
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