M&A Deal Summary

WesBanco Acquires Old Line Bancshares

On November 14, 2019, WesBanco acquired financial services company Old Line Bancshares for 500M USD

Acquisition Highlights
  • This is WesBanco’s 17th transaction in the Financial Services sector.
  • This is WesBanco’s largest (disclosed) transaction.
  • This is WesBanco’s 17th transaction in the United States.
  • This is WesBanco’s 1st transaction in Maryland.

M&A Deal Summary
Date 2019-11-14
Target Old Line Bancshares
Sector Financial Services
Buyer(s) WesBanco
Deal Type Merger
Deal Value 500M USD

Target

Old Line Bancshares

Bowie, Maryland, United States
Old Line Bancshares, Inc. is a parent company of Old Line a Maryland chartered commercial bank that provides financial services. Old Line Bancshares was founded in 1989 and is based in Bowie, Maryland.

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Buyer(S) 1

Buyer

WesBanco

Wheeling, West Virginia, United States
Category Company
Founded 1870
Sector Financial Services
Employees2,612
Revenue 595M USD (2023)
DESCRIPTION

WesBanco is a multi-state bank holding company of WesBanco Bank, Inc. operates as an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. WesBanco was founded in 1870 and is based in Wheeling, West Virginia.

DEAL STATS #
Overall 17 of 17
Sector (Financial Services) 17 of 17
Type (Merger) 9 of 9
State (Maryland) 1 of 1
Country (United States) 17 of 17
Year (2019) 1 of 1
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Your Community Bankshares

New Albany, Indiana, United States

Your Community Bankshares, Inc. is engaged in the business of attracting deposits from the general public and using such funds for the origination of commercial business and real estate loans and secured consumer loans such as home equity lines of credit, automobile loans, and recreational vehicle loans.

Buy $221M
Mergr

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