Regional lender WesBanco, Inc. (WSBC) and rival Premier Financial Corp. (PFC) entered into an all-stock merger agreement worth $959 million on July 26, 2024.
Under the terms of the merger agreement, Premier shareholders will receive 0.80 of a share of WesBanco common stock for each share of Premier common stock they own, at $26.66 per share, representing a premium of 4.63% from the stock’s last close.