First Sentry shareholders approve merger deal with WesBanco
HUNTINGTON — First Sentry Bancshares Inc., the holding company of First Sentry Bank Inc., announced Friday the shareholders overwhelmingly voted to approve the merger of First Sentry with and into WesBanco Inc.
The merger is expected to close early in the second quarter of 2018, First Sentry officials said.
Robert H. Beymer, Chairman of the Board of First Sentry, commented, “This is an historic day for First Sentry Bank as it represents one of the last formal steps in the transition into WesBanco, a banking force in West Virginia and the surrounding region. We are very excited to be joining community banking forces with WesBanco, whose headquarters are in West Virginia and who was just recently recognized by Forbes magazine as One of the Top 20 Best Banks in America.”
Geoffrey S. Sheils, President & CEO, remarked, “We could not have a picked a better partner than WesBanco, and we are so pleased that our shareholders overwhelmingly recognized that today. With this marriage, we look forward to introducing new and innovative banking and financial services to our loyal customers in the manner they are accustomed. With access now to larger loan capacity, new mortgage products, trust and wealth management services, we are very excited about the opportunities this presents to our customers and the communities we serve.”
First Sentry Bancshares, Inc. is a one-bank holding company headquartered in Huntington, West Virginia with five full-service banking offices in Huntington, Barboursville, Hamlin, and Nitro, West Virginia. The company, which started in 1996, had over $700 million in assets and $465 million in loans outstanding as of December 31, 2017.