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.
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.
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.
