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M&A Deal Summary

WesBanco Acquires Premier Financial

On July 26, 2024, WesBanco acquired financial services company Premier Financial for 959M USD

Acquisition Highlights
  • This is WesBanco’s 18th transaction in the Financial Services sector.
  • This is WesBanco’s largest (disclosed) transaction.
  • This is WesBanco’s 18th transaction in the United States.
  • This is WesBanco’s 4th transaction in Ohio.

M&A Deal Summary
Date 2024-07-26
Target Premier Financial
Sector Financial Services
Buyer(s) WesBanco
Deal Type Merger
Deal Value 959M USD
Advisor(s) Nelson Mullins Riley & Scarborough (Legal)

Target

Premier Financial

Defiance, Ohio, United States
Premier Financial is a holding company for First Federal Bank of the Midwest and First Insurance Group. First Federal Bank operates 34 full-service branches and numerous ATM locations in northwest Ohio, southeast Michigan and northeast Indiana and a loan production office in Columbus, Ohio. First Insurance Group is a full-service insurance agency with six offices throughout northwest Ohio. Premier Financial was founded in 1920 and is based in Defiance, Ohio.

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Buyer(S) 1

Buyer

WesBanco

Wheeling, West Virginia, United States
Category Company
Founded 1870
Sector Financial Services
Employees3,253
Revenue 600M USD (2024)
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 18 of 18
Sector: Financial Services M&A 18 of 18
Type: Merger M&A Deals 10 of 10
State: Ohio M&A 4 of 4
Country: United States M&A 18 of 18
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 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.

Buy $500M
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