WesBanco, Inc. Strengthens Its Regional Footprint with Premier Financial Corp. Conversion

WesBanco, Inc. Expands Regional Presence with Premier Financial Corp. Conversion

WHEELING, W.Va., May 21, 2025 – WesBanco, Inc. (Nasdaq: WSBC), a multi-state bank holding company, has marked a pivotal moment in its history by successfully transitioning approximately 400,000 consumer and 50,000 business accounts from Premier Financial Corp. This monumental conversion also includes around 70 operational financial centers, which officially reopened as WesBanco locations on May 19, 2025, enhancing the bank’s regional footprint significantly.

This acquisition is noted as one of the most significant in WesBanco's history, moving the institution towards becoming a major player within the financial services sector. With this transition, WesBanco has expanded its network to over 250 financial centers and loan production offices across nine states, strengthening its service capabilities in the nation's banking landscape.

Milestone Achievement and Future Prospects

Jeff Jackson, WesBanco's President and CEO, expressed enthusiasm about this milestone. He stated, "Customer and brand conversion is a milestone that marks the start of building even stronger relationships with our new customers, businesses, and communities." The journey that began less than a year ago is a testament to the dedication and hard work of WesBanco’s team, ensuring a seamless transition for those transitioning accounts.

The acquisition was previously announced on July 26, 2024, and the merger was finalized on February 28, 2025. This strategic move has resulted in the creation of a financial institution boasting more than $27 billion in total assets, a substantial scale of operations, and robust profitability indicators. Moreover, WesBanco has secured its position as one of the top 100 largest insured depository institutions in the U.S. and ranks as the 8th largest bank in Ohio by deposit market share.

Customer Engagement and Community Impact

To celebrate the successful merger, customer appreciation events will be held throughout June at the newly converted financial centers. Significantly, the downtown Youngstown community will now see the WesBanco branding atop the historic clock tower, symbolizing the strengthened community ties and services that WesBanco is dedicated to delivering.

WesBanco prides itself on nearly 150 years of experience in financial services, emphasizing community engagement and customer success. Beyond regular banking services, the institution offers comprehensive solutions, including trust, brokerage, wealth management, and insurance services. These offerings are tailored to meet diverse financial needs, further underscoring their commitment to empowering clients in their financial journeys.

With 27.4 billion dollars in total assets, including 7 billion dollars held in Trust and Investment Services, WesBanco stands ready to foster growth and prosperity in the regions it serves. This includes a commitment to leveraging large bank capabilities while maintaining a local focus, ensuring that communities thrive alongside the businesses and individuals they support.

In conclusion, WesBanco’s strategic acquisition of Premier Financial Corp. presents a bright future not only for the bank but also for the numerous communities and businesses it now serves. As WesBanco continues to roll out its products and exceptional service to these expanded locations, it reinforces its position as an influential regional bank poised for growth and customer satisfaction in the evolving financial landscape.