A Nelson Mullins Riley & Scarborough LLP team represented Premier Financial Corp., and its subsidiary Premier Bank in a nearly $1 billion proposed merger announced July 26, 2024, with WesBanco, Inc., and its subsidiary bank, WesBanco Bank. This is an all-stock transaction, for aggregate merger consideration valued at approximately $959 million. The combined company would be the eighth largest bank in Ohio, based on deposit market share and serve customers in nine states.

The transaction was led by partners Brennan Ryan and Joe Howard with assistance from partners Brittany McIntosh, Ann Murray, and Maurice Holloway and associate John Gillespie. The transaction is anticipated to close in the first quarter of 2025.

Premier Financial Corp., headquartered in Defiance, Ohio, is the holding company for Premier Bank and operates 73 branches and nine loan offices in Ohio, Michigan, Indiana, and Pennsylvania and also serves clients through a team of wealth professionals dedicated to each community banking branch.

WesBanco Inc., headquartered in Wheeling, West Virginia, and its subsidiaries offer retail and commercial banking solutions, as well as trust, brokerage, wealth management, and insurance services, all designed to advance financial goals. 

For the official press release, click here.