WesBanco Completes Acquisition of Premier Financial Corp. and Expands Board

WesBanco, Inc. has successfully completed its acquisition of Premier Financial Corp., integrating Premier's operations into its own and thus further expanding its regional banking influence in the United States. The merger not only creates a dynamic regional bank with approximately $27 billion in assets but also enhances its service capabilities across nine states. This strategic move includes the addition of four former Premier directors to WesBanco's Board, emphasizing the importance of combining expertise to address diverse consumer, commercial, and wealth management needs. Celebrating added resources, economies of scale, and strategic geographic expansion, the acquisition positions WesBanco as the 81st largest insured depository organization nationally and the 8th largest bank in Ohio. Despite the merger, former Premier financial centers will continue operating under their former name until May when a complete rebranding to WesBanco will occur. A statement from WesBanco's President and CEO Jeff Jackson highlights the anticipated synergies and opportunities for enhanced customer service and long-term growth derived from the integration.