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wesbanco old line bank

It also targets customers throughout the greater Washington, D.C. and Baltimore metropolitan areas. WesBanco (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced the successful closing of the previously announced acquisition of Old Line Bancshares, Inc. (Nasdaq: OLBK). Acquiring Organization: WesBanco Bank WesBanco's banking subsidiary WesBanco Bank… WesBanco, Inc. ("WesBanco") (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced the successful closing of the previously announced acquisition of Old Line Bancshares, Inc. (Nasdaq: OLBK) ("Old Line"). Old Line president and chief executive officer James Cornelsen said: “We are pleased to join the WesBanco team, as their customer-centric philosophy and focus on the success of the communities in which they operate are identical to ours. Wesbanco's customer service is tops. Routing numbers are used by Federal Reserve Banks to process Fedwire funds transfers, and ACH(Automated Clearing House) direct deposits, bill … With the closing of the merger, WesBanco has appointed James W. Cornelsen and Gregory S. Proctor, Jr., formerly directors of Old Line, to the WesBanco board of directors. Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed in WesBanco’s most recent Annual Report on Form 10-K filed with the SEC under “Risk Factors” in Part I, Item 1A. Insurance products are nondeposit investment products. WHEELING, W.Va., Nov. 14, 2019 (GLOBE NEWSWIRE) -- WesBanco, Inc. (“WesBanco”) (Nasdaq:WSBC), a diversified, multi-state bank holding company to WesBanco Bank, Inc., and Old Line … It also provides wealth management services through a century-old trust and wealth management business, with approximately $4.4 billion of assets under management (as of September 30, 2019), and serves as registered investment advisor to a proprietary mutual fund family, the WesMark Funds. Such statements are subject to important factors that could cause actual results to differ materially from those contemplated by such statements, including, without limitation, that the proposed merger with Old Line Bancshares, Inc. (“Old Line”) may not close when expected, that the businesses of WesBanco and Old Line may not be integrated successfully or such integration may take longer to accomplish than expected; the expected cost savings and any revenue synergies from the merger of WesBanco and Old Line may not be fully realized within the expected timeframes; disruption from the merger of WesBanco and Old Line may make it more difficult to maintain relationships with clients, associates, or suppliers; the effects of changing regional and national economic conditions; changes in interest rates, spreads on earning assets and interest-bearing liabilities, and associated interest rate sensitivity; sources of liquidity available to WesBanco and its related subsidiary operations; potential future credit losses and the credit risk of commercial, real estate, and consumer loan customers and their borrowing activities; actions of the Federal Reserve Board, the Federal Deposit Insurance Corporation, the SEC, the Financial Institution Regulatory Authority, the Municipal Securities Rulemaking Board, the Securities Investors Protection Corporation, and other regulatory bodies; potential legislative and federal and state regulatory actions and reform, including, without limitation, the impact of the implementation of the Dodd-Frank Act; adverse decisions of federal and state courts; fraud, scams and schemes of third parties; cyber-security breaches; competitive conditions in the financial services industry; rapidly changing technology affecting financial services; marketability of debt instruments and corresponding impact on fair value adjustments; and/or other external developments materially impacting WesBanco’s operational and financial performance. We have recently upgraded our technology platform. With the closing of the merger, WesBanco has appointed James W. Cornelsen and Gregory S. Proctor, Jr., formerly directors … Spanish Contact: Juan Carlos Molina: JuanCarlos.Molina@WesBanco.com: 301-368-9151, Cell: 301-257-4654 : Annapolis (Anne Arundel County) WesBanco Bank, Inc., operates 236 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. WHEELING, W.Va., Nov. 22, 2019 /PRNewswire/ — WesBanco, Inc. («WesBanco») (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced the successful closing of the previously announced acquisition of Old Line Bancshares, Inc. (Nasdaq: OLBK) («Old Line»). We use them to give you the best experience. If Hovde opposed Old Line's proposed sale to WesBanco, he had a lot of clout — he is the third-largest shareholder in Old Line Bank, with about 5.3% … With the closing of the merger, WesBanco … WesBanco Bank, Inc., Leonardtown Branch at 23152 Newtowne Neck Road, Leonardtown, MD 20650. WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 199 financial centers in the states of Indiana, Kentucky, Ohio, Pennsylvania, and West Virginia. It also operates an insurance agency, WesBanco Insurance Services and a full service broker/dealer, WesBanco Securities. Under the terms of the transaction, the branches of Old Line will be operated under the Old Line Bank name until the transition to WesBanco Bank, in conjunction with the data processing and signage conversion. Photo: Courtesy of Old Line Bank. WesBanco president and chief executive officer Todd F Clossin said: “We are pleased to welcome the customers and employees of Old Line to the WesBanco family, and are excited about the opportunities this merger presents; in particular, the combination of Old Line’s market presence and loan growth with our enhanced products and services and deposit funding advantage. Diversified financial services company WesBanco has completed its previously announced acquisition of Old Line Bancshares, the parent company of Old Line Bank, a chartered commercial bank. Yes, as of February 24, 2020 all banking systems will be running as one under WesBanco. Due to this change if you are seeing this message for the first time please make sure you reset your password using the Forgot your password Link. “We believe this strategic partnership will provide the opportunity to attract additional talent, add market share, and drive positive operating leverage. WesBanco also has approximately $4.4bn in assets under management delivered through its trust and wealth management division. Website https://www.wesbanco.com: Branch Location and Contact Details. The Bank has 37 branches located in its primary market area of the suburban Maryland (Washington, D.C. suburbs, Southern Maryland and Baltimore suburbs) counties of Anne Arundel, Baltimore, Calvert, Carroll, Charles, Harford, Howard, Frederick, Montgomery, Prince George's and St. Mary's, and Baltimore City. Former branches of Old Line will continue to operate under the Old Line Bank name until the data conversion, when they will be transitioned to WesBanco Bank in … Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support If you continue using our website, we'll assume that you are happy to receive all cookies on this website. The transaction would expand WesBanco’s footprint in six states across the Mid-West, Mid-South, and strengthen its position in Maryland. Diversified financial services company WesBanco has completed its previously announced acquisition of Old Line Bancshares, the parent company of Old Line Bank, a chartered commercial bank. WesBanco, a multi-state bank holding firm, has agreed to acquire Old Line Bancshares in a $500m (£401m) all-stock transaction. Diversified financial services company WesBanco has completed its previously announced acquisition of Old Line Bancshares, the parent company of Old Line Bank, a chartered commercial bank. On today's call, we will first briefly review WesBanco Inc's second quarter 2019 earnings and then discuss the proposed WesBanco Inc Old WesBanco and Old Line will host a conference call and webcast to discuss the Agreement and Plan of Merger on July 24, 2019 at 10:00 a.m. ET.Interested parties can access the live webcast of … Nondeposit investment products are not FDIC insured, not bank guaranteed, not insured by any government entity and are subject to investment risk including the possible loss of the principal … WesBanco Bank (formerly Old Line Bank) WesBanco Bank (formerly Old Line Bank) is an Equal Housing Lender. We look forward to providing our newest customers with a broader array of banking services, including expanded commercial and mortgage lending capabilities, as well as trust and wealth management services.”. 1 year ago. There is no need to contact any direct deposit or payments service of any changes. West Virginia-based lender WesBanco has agreed to acquire Maryland-based peer Old Line Bancshares in an all-stock deal worth around $500m. WesBanco Bank, Inc., operates 236 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. WesBanco Company Contact:John IannoneSenior Vice President, Investor and Public Relations(304) 905-7021, Old Line Company Contact:Mark SemanieExecutive Vice President and Chief Operating Officer(301) 430-2508. The 2020 ranking is WesBanco’s tenth year making the list since its inception during 2010, and the first time in the top ten – coming in as the 7th best bank. Wesbanco Bank, Inc A routing number is a nine digit code, used in the United States to identify the financial institution. Wesbanco has continued the ESB Bank tradition of excellent customer service. WesBanco has meaningful market share across its key geographies maintained by its commitment to dedicated customer service and solid fee-based businesses. © 2021 GlobeNewswire, Inc. All Rights Reserved. In addition, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. About Old Line Bancshares, Inc.Old Line Bancshares is the parent company of Old Line Bank, a Maryland-chartered trust company with the powers of a commercial bank, headquartered in Bowie, Maryland, approximately 10 miles east of Andrews Air Force Base and 20 miles east of Washington, D.C. WesBanco is a diversified and well-balanced financial services institution, with a community bank at its core, built upon a strong legacy of credit and risk management. Old Line stockholders will be entitled to receive 0.7844 of a share of WesBanco common stock for each share of Old Line common stock they own upon the effective time of the merger, for an aggregate merger consideration valued at approximately $500 million, or $29.22 per share, based on WesBanco's closing stock price of $37.25 as of July 22, 2019. I have been a customer with ESB Bank since the late 80's for my personal and business banking. The bank routing number of 055002406 will not change. Forward-looking StatementsForward-looking statements in this report relating to WesBanco’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Old Line Bank will be acquired in a $500 million deal by a bank holding company for WesBanco Bank, giving that West Virginia-based regional bank entry to the Maryland market. “WesBanco’s extensive experience as a diversified and well-balanced financial institution will put us in a strong position to deliver additional value to our customers through more high quality products and services, as well as continued career growth opportunities for our employees.”, RegulationBanking SecurityRisk Management, Goldman Sachs posts 135% increase in profit for fourth quarter of 2020, UOBAM acquires Vietnamese fund manager to expand in Asia, Owl Rock, Dyal Capital to become publicly listed through SPAC merger, Asteria IM partners with Amundi on its portfolio management system, Macquarie to acquire US-based Waddell & Reed Financial for $1.7bn. Prior to the merger with WesBanco, Old Line operated 37 branches across Maryland. In addition, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. We invite you to see why WesBanco is, by all accounts, better. With the closing of the merger, WesBanco has appointed James W. Cornelsen and Gregory S. Proctor, Jr., … WesBanco said that the transaction would expand its footprint in six states across the Mid-West, Mid-South, and strengthen its position in the Mid-Atlantic region, in the state of Maryland. The merged entity, a multi-state bank holding company, will deliver banking services through 236 financial centres in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia and reach approximately $15.7bn in its total assets. Old Line Bank Old Line Bank is a state-chartered banking association that conducts general banking businesses. Do I need a new Debit Card? WHEELING, W.Va., Nov. 22, 2019 /PRNewswire/ -- WesBanco, Inc. ("WesBanco") (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced the successful closing of the previously announced acquisition of Old Line Bancshares, Inc. (Nasdaq: OLBK) ("Old Line"). In addition, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. We invite you to see why WesBanco is, by all accounts, better. Will Old Line Bank’s online banking change? About WesBanco, Inc.Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a multi-state, bank holding company with total assets of approximately $12.6 billion (as of September 30, 2019). WHEELING, W.Va., Nov. 14, 2019 (GLOBE NEWSWIRE) -- WesBanco, Inc. (“WesBanco”) (Nasdaq:WSBC), a diversified, multi-state bank holding company to WesBanco Bank, Inc., and Old Line Bancshares, Inc. (“Old Line”) (Nasdaq:OLBK), the parent company of Old Line Bank, a Maryland-chartered trust company with the powers of a commercial bank, jointly announced today that they have received all necessary regulatory approvals for the pending merger between WesBanco and Old Line whereby WesBanco will acquire Old Line. The information contained in this report should be read in conjunction with WesBanco’s Form 10-K for the year ended December 31, 2018 and documents subsequently filed by WesBanco with the Securities and Exchange Commission (“SEC”), including WesBanco’s Form 10-Q’s for the quarters ended March 31, June 30, and September 30, 2019, which are available at the SEC’s website, www.sec.gov or at WesBanco’s website, www.wesbanco.com. On October 29, 2019, the stockholders of Old Line and the shareholders of WesBanco each approved the transaction at their respective special meetings. Before I banked at ESB Bank I was a customer (number) at PNC Bank. 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