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WesBanco, Inc. and Premier Financial Corp. Announce Shareholder Approvals of Merger Agreement
WesBancoWesBanco(US:WSBC) Prnewswireยท2024-12-11 21:15

Core Points - WesBanco, Inc. and Premier Financial Corp. have received overwhelming shareholder approval for their merger agreement, with approximately 85% of WesBanco's shareholders and 68% of Premier's shareholders voting in favor [1][2] - The merger is expected to create a regional financial services institution with approximately $27 billion in assets, enhancing economies of scale and profitability metrics [3] - The completion of the merger is anticipated in the first quarter of 2025, pending regulatory approvals and customary closing conditions [2] Company Overview - WesBanco, Inc. has over 150 years of experience as a community-focused financial services partner, with total assets of $18.5 billion as of September 30, 2024, and a strong presence in retail and commercial banking, trust, brokerage, and wealth management [4] - Premier Financial Corp. operates 73 branches and nine loan offices across Ohio, Michigan, Indiana, and Pennsylvania, focusing on community banking and wealth management services [5]