01.27.25
A Nearly $1B Bank Deal Is One Approval Away
by: Caitlin Mullen
The Federal Deposit Insurance Corp. (FDIC) has approved WesBanco’s bank merger application to acquire Premier Bank. The resulting bank, using the WesBanco name, will operate in West Virginia, Indiana, Kentucky, Maryland, Michigan, Pennsylvania and Ohio, the FDIC said in a news release. The deal, valued at $959 million and announced last July, now awaits Federal Reserve approval.
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