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.
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.