WesBanco Finalizes Acquisition of Premier Financial, Expands Board

WesBanco, Inc. has announced the successful acquisition of Premier Financial Corp., marking a significant milestone in the bank's expansion strategy. The comprehensive deal entails the amalgamation of Premier's subsidiary bank with WesBanco's banking subsidiary, establishing a stronger regional presence. Key figures in Premier have been appointed to WesBanco's board, emphasizing the intent to leverage their combined expertise. With the acquisition complete, WesBanco emerges as a formidable entity in the banking sector with an asset base of $27 billion, placing it as the 81st largest insured depository in the US, and enhancing its service footprint significantly in Ohio as well. The integration is set to improve operational synergy, broaden market influence, and maintain community-oriented service delivery. Furthermore, the merger is directed to support a broadened financial offering across varied customer needs in consumer, commercial, and wealth management. Former Premier branches will transition to the WesBanco brand following complete integration by mid-May 2023.