WESBANCO INC (WSBC): M&A transaction — Wesbanco completes Premier Financial acquisition, creating ~$27B regional bank

WESBANCO INC

Exchange ratio: 0.80 shares of Wesbanco per Premier share; Premier stock options cancelled with cash payout based on 20-day VWAP.
Combined entity holds ~$27B in assets; becomes 81st largest US insured depository and 8th largest Ohio bank by deposits.
Operations expand to >250 financial centers across nine states (IN, KY, MD, MI, OH, PA, TN, VA, WV).
Four former Premier directors (Afzal, Altman, Bookmyer, Burdman) appointed to Wesbanco board.
Premier-branded branches will continue until customer data conversion in mid-May, then rebrand to WesBanco.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

WESBANCO INC completed an acquisition involving Premier Financial Corp. for 0.80 of a share of common stock of Wesbanco (closed 2025-02-28).

Action: acquisition
Counterparty: Premier Financial Corp.
Consideration: 0.80 of a share of common stock of Wesbanco
Closing: 2025-02-28

Exact text from the filing

common stock, par value $0.01 per share (“ Premier Financial Common Stock ”), outstanding immediately prior to the Effective Time has been converted into the right to receive 0.80 of a share of common stock of Wesbanco (the “ Merger Consideration ”), $2.0833 par value per share (the “ Wesbanco Common Stock ”), with cash to be paid in lieu of fractional

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3 m&a transactions filed in the last 30 days. Browse all m&a transactions →

WESBANCO INC filing history →

Source: SEC EDGAR

accession 0001193125-25-043531

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