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News Breaks
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March 3, 2011
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| 08:05 EDT |  | PFBI |
| theflyonthewall.com: | Premier Financial announces regulatory approval of plan to merge five banks | | Premier Financial announced today that it has received the required approvals from all federal and state banking regulatory authorities to merge its three wholly owned West Virginia banks and two other subsidiary banks to form Premier Bank, a nearly $825M West Virginia chartered bank with 23 locations in West Virginia, Virginia, Washington, DC and Maryland. To create Premier Bank, Premier will merge Boone County Bank, headquartered in Madison, West Virginia; First Central Bank, headquartered in Philippi, West Virginia; Traders Bank, Inc., headquartered in Ravenswood, West Virginia; Adams National Bank, headquartered in Washington, DC and Consolidated Bank and Trust, headquartered in Richmond, Virginia. The resulting bank will be headquartered in Huntington, West Virginia and would have total assets of approximately $822,900,000, total deposits of $689.69M, liquid assets of $101.52M, and Tier I capital of $79.17M. :theflyonthewall.com |
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May 15, 2012
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| 08:02 EDT | | PFBI |
| theflyonthewall.com: | Premier Financial announces regulatory approval of merger plan | | Premier Financial Bancorp announced that it has received the required approvals from all state and federal banking regulatory authorities to merge its $60M Farmers Deposit Bank franchise and its $95M Ohio River Bank franchise into its $213M Citizens Deposit Bank and Trust. The resulting bank will be a nearly $367M Kentucky chartered bank with 13 locations in northern Kentucky and southern Ohio and will retain the name Citizens Deposit Bank and Trust. :theflyonthewall.com |
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