WesBanco a multi-state bank holding firm has agreed to acquire Old Line Bancshares in a 500m 400m all-stock transaction. Nondeposit investment products are not FDIC insured not bank guaranteed not insured by any government entity and are subject to investment risk including the possible loss of the principal.
Wesbanco Bank Completed The Merger With Old Line Bancshares In A 500m All Stock Transaction Mergerlinks
14 2019 GLOBE NEWSWIRE -- WesBanco Inc.
Wesbanco old line bank. WesBanco Bank Inc Old Line Bank Branch at 1525 Pointer Ridge Place Bowie MD 20716. In a 500 million all-stock transaction that will push the West Virginia-based bank into Maryland. Old Line Bancshares is the parent company of Old Line Bank a Maryland-chartered trust company with the powers of a commercial bank.
Proctor Jr formerly directors of Old Line to the WesBanco. Check 10 client reviews rate this bank find bank financial info routing numbers. WesBanco Bank has again been named to Forbes magazines list of the Best Banks in America.
Under the terms of the transaction the branches of Old Line will be operated under the Old Line Bank name until the transition to WesBanco Bank in. Is licensed in the states of Florida Indiana Kentucky Maryland Ohio Pennsylvania and West Virginia. The all-stock transaction is valued at about 500 million.
The deal which is expected to close late this year or in early 2020 priced Old Line at 177 of its tangible book value. WesBancos merger with Old Line significantly expands WesBancos franchise to span six states across the Mid-West Mid-South and now the Mid-Atlantic region as. The 125 billion-asset WesBanco said in a press release Tuesday that it will pay 500 million in stock for the 31 billion-asset Old Line.
Old Line Bancshares is the parent company of Old Line Bank a Maryland-chartered trust company with the powers of a commercial bank headquartered in. Former branches of Old Line will continue to operate under the Old Line Bank name until the data conversion when they will be transitioned to WesBanco Bank in. WesBanco Inc is a bank holding company headquartered in Wheeling West Virginia.
Cornelsen and Gregory S. Has agreed to acquire Old Line Bancshares Inc. ETInterested parties can access the live webcast of.
With the closing of the merger WesBanco has appointed James W. Diversified financial services company WesBanco has completed its previously announced acquisition of Old Line Bancshares the parent company of Old Line Bank a chartered commercial bank. WesBanco and Old Line will host a conference call and webcast to discuss the Agreement and Plan of Merger on July 24 2019 at 1000 am.
WesBanco NasdaqWSBC a diversified multi-state bank holding company announced the successful closing of the previously announced acquisition of Old Line Bancshares IncNasdaq. WesBanco also operates an insurance agency WesBanco Insurance Services Inc and a full-service brokerdealer WesBanco Securities Inc. 1 WesBanco Insurance Services Inc.
WesBanco in Wheeling WVa has agreed to buy Old Line Bancshares in Bowie Md. WesBanco and Old Line Bancshares have entered into an agreement and plan of merger which has been approved by the board of directors of both firms. It has over 200 branches in West Virginia Ohio Western Pennsylvania Kentucky Maryland and Southern Indiana.
WHEELING WVa Nov. Insurance products are nondeposit investment products. Received widespread praise within the banking industry for its plan to enter Baltimore and Washington DC markets with the acquisition of Old Line.
Prior to the merger with WesBanco Old Line operated 37 branches across Maryland. WesBanco a diversified multi-state bank holding company to WesBanco Bank Inc and Old Line Bancshares Inc. Old Line Bank will be acquired in a 500 million deal by a bank holding company for WesBanco Bank giving that West Virginia-based regional bank entry to the Maryland market.
WesBanco is the second-largest bank headquartered in West Virginia after United Bank.
