WesBanco merging with Maryland bank in $500M deal

Todd Clossin, WesBanco president and CEO, has been growing the Wheeling, West Virginia-based bank's footprint.

By Patty Tascarella  – Senior Reporter, Pittsburgh Business Times

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.

[ Read more in the Pittsburgh Business Times. ]

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