Announced
Completed
Synopsis
WesBanco Bank, a baking holding company, completed the merger with Old Line Bancshares, a financial services provider, in a $500m all-stock transaction. WesBanco's merger with Old Line significantly expands WesBanco's franchise to span six states across the Mid-West, Mid-South, and, now, the Mid-Atlantic region as a top ten financial institution in the state of Maryland. Furthermore, the merger creates a multi-state bank holding company of approximately $15.7bn in total assets providing banking services delivered through 236 financial centers. "We are pleased to join the WesBanco team, as their customer-centric philosophy and focus on the success of the communities in which they operate are identical to ours," James Cornelsen, Old Line Bancshares President, and CEO.
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