Shareholders of New Albany-based Your Community Bankshares (YCB), the parent of Your Community Bank, have given the go-ahead to the merger with WesBanco.
The $221m stock-cash deal, announced in May 2016, is expected to wrap up before the end of the third quarter of 2016.
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Following the deal’s closure, YCB will be merged with and into WesBanco, while Your Community Bank will be merged with and into WesBanco Bank, a subsidiary of WesBanco.
WesBanco is a multi-state bank holding company, managing total assets of about $8.4bn as of 30 June 2016. Its subsidiary WesBanco Bank comprises 141 financial centres in Ohio, Pennsylvania, and West Virginia, as well as an insurance agency, and a full service broker/dealer.
Your Community Bank has 36 financial centres in Indiana and Kentucky, which will be added to WesBanco Bank’s franchise following the acquisition.
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