PFC Overview

WesBanco Acquisition: WesBanco has successfully completed the acquisition of Premier Financial, leading to the merger of Premier Bank into WesBanco Bank. Former directors of Premier have been appointed to the WesBanco Board of Directors.

Brand Transition: Premier financial centers will continue operating under the Premier Bank name until mid-May, when they will be rebranded as WesBanco following customer and data conversion.

WesBanco Acquires Premier Financial Corp: WesBanco, Inc. has successfully completed its acquisition of Premier Financial Corp, merging Premier Bank into WesBanco Bank and appointing four former Premier directors to its board.

Enhanced Regional Banking Services: The merger creates a regional bank with approximately $27 billion in assets, aiming to improve customer service and community engagement across multiple states while maintaining the Premier Bank name until mid-May for existing financial centers.

Merger Approval: WesBanco and Premier Financial have received all necessary regulatory approvals for their merger, expected to close around February 28, pending customary closing conditions.

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WesBanco Upgrade: Keefe Bruyette upgraded WesBanco to Outperform with a new price target of $44, citing factors like an earlier merger close and improved net interest margin outlook as key catalysts for the stock's potential growth.

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Dividend Declaration: Premier Financial has declared a quarterly dividend of $0.31 per share, maintaining the same amount as previous dividends, with a forward yield of 4.91%.

Merger Approval: Shareholders of WesBanco and Premier Financial have voted to approve a merger between the two companies.