A buyer's secret weapon in M&A? The CEO of the bank it just bought
When potential sellers are skittish, a merger pitch from a peer who’s been through it can make the difference. ... Read full article
News Topic: West Virginia
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WesBanco to fill geographic hole with Ky. bank acquisition
An $378 million agreement to buy Farmers Capital will allow the West Virginia company to bridge a gap between Louisville, Ky., and Huntington, W.Va. ... Read full article
W.Va. merger designed to compete against bigger banks
Premier Financial agreed to buy First Bank of Charleston for $33 million. ... Read full article
Boost from M&A cushions tax blow at United Bankshares
Commercial lending and mortgage income surged in the fourth quarter at the West Virginia bank thanks to two acquisitions, but a tax charge cut into profits. ... Read full article
CB Financial in Pa. to expand into Ohio Valley with latest acquisition
The company has agreed to pay $49 million for First West Virginia Bancorp, the parent of Progressive Bank. ... Read full article
WesBanco in W.Va. to buy First Sentry Bancshares
The acquisition is expected to boost WesBanco’s presence in Huntington, W.Va., and provide a bridge to its existing operations in Charleston, W.Va., and southeastern Ohio. ... Read full article
Potomac Bancshares hires former Cardinal exec as its CEO
Alice Frazier had been chief operating officer at Cardinal Financial, which was bought earlier this year by United Bankshares. ... Read full article
What’s in store for the nation’s newest regional bank
Pinnacle Financial Partners closed in on $20 billion in assets by buying BNC. It now has to integrate the North Carolina bank, while finding ways to boost profit and adapt to increased regulatory burden. ... Read full article
Ohio, West Virginia mutuals look to preserve beleaguered model with merger
First Mutual Holding and Doolin Security Savings Bank are planning to create a mutual with nearly $100 million in assets. ... Read full article
Summit Financial to pay $10M to settle dispute over pre-crisis mortgage sales
The West Virginia company sold the mortgages to Residential Funding and ResCap Liquidating Trust between 2003 and 2007. ... Read full article