WesBanco Bank Inc. announced an agreement and merger plan with Old Line Bancshares Inc., a $500 million all stock transaction that will take Wheeling, West Virginia-based WesBanco into the Baltimore and Washington, D.C., markets. Old Line is based in Bowie, Maryland.
The deal, announced on Tuesday after market close, will merge Old Line (Nasdaq:OLBK) into WesBanco (Nasdaq:WSBC), which is Pittsburgh’s 12th-largest bank according to deposit market share.
TRENDING NOW:
Pittsburgh Business Times
/cloudfront-us-east-1.images.arcpublishing.com/cmg/XCUXZC2XYZHCRGNNGKFEX6U3LQ.png)
