M&A Deal Summary

Premier Bank Acquires First Bank of Charleston

On October 15, 2018, Premier Bank acquired financial services company First Bank of Charleston

Acquisition Highlights
  • This is Premier Bank’s 1st transaction in the Financial Services sector.
  • This is Premier Bank’s 1st transaction in the United States.
  • This is Premier Bank’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2018-10-15
Target First Bank of Charleston
Sector Financial Services
Buyer(s) Premier Bank
Deal Type Add-on Acquisition

Target

First Bank of Charleston

Charleston, West Virginia, United States
First Bank of Charleston, Inc. is a provider of various retail and commercial banking services in the city of Charleston and Kanawha County, West Virginia.

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Buyer(S) 1

Buyer

Premier Bank

Huntington, West Virginia, United States
Category Company
Founded 1991
Sector Financial Services
Employees375
DESCRIPTION

Premier Bank is a provider of community banking services to individuals and small-to-medium sized businesses. The company accepts various deposit products, including checking, NOW, savings, money market, club, individual retirement, and overdraft protection accounts, as well as certificates of deposit. Its loan products include loans for purchasing personal residences or loans for commercial or consumer purposes secured by residential mortgages. Premier Bank was founded in 1991 and is based in Huntington, West Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Mergr

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