WesBanco to merge with Premier Financial in a $959m deal.

WesBanco, a bank holding company, agreed to merge with Premier Financial, the holding company for Premier Bank, in a $959m deal. PIPE investors include Wellington Management, Glendon Capital Management and Klaros Capital. “Today is an exciting day in WesBanco’s 155-year history as we announce our proposed merger with Premier and mark another milestone in our long-term growth strategy. This transformative merger will bring together two high-caliber institutions to create a community-focused, regional financial services partner strongly positioned to serve the unique needs of both our new and legacy communities. We are pleased to welcome Premier’s customers and employees to the WesBanco family and look forward to delivering exceptional customer experiences to our newest markets through a broader offering of banking and wealth management services. WesBanco has built an outstanding reputation for soundness, profitability, customer service, employer of choice and community development, as evidenced by multiple recent national accolades. We look forward to extending our legacy through this merger and bringing even greater value to our customers, teams, communities and shareholders,” Jeff Jackson, WesBanco President and CEO.