M&A Advisory
K&L Gates
Full Credential Description
Wesbanco, Inc., a multi-state bank holding company, faced the challenge of expanding its market presence and enhancing its operational efficiency. To address these issues, Wesbanco pursued the acquisition of Premier Financial Corp. in a stock-for-stock merger, which involved the issuance of approximately 28.8 million shares of Wesbanco's common stock as merger consideration. The tailored solution provided by K&L Gates LLP, serving as co-counsel, facilitated this strategic acquisition, which ultimately created a regional financial institution with approximately $27 billion in assets. This merger not only allowed Wesbanco to significantly increase its economies of scale but also strengthened its pro forma profitability metrics. Following the acquisition, Wesbanco expanded its customer service capabilities, now operating through more than 250 financial centers and loan production offices across several states, including Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia. The successful completion of this merger positioned Wesbanco to better serve its customers and enhance its competitive edge in the financial industry.
Measurable Results
Successfully completed $27B transaction