WesBanco does not assume any duty to update forward-looking statements. If you continue using our website, we'll assume that you are happy to receive all cookies on this website. 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. 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. We have recently upgraded our technology platform. 1 WesBanco Insurance Services, Inc. is licensed in the states of Florida, Indiana, Kentucky, Maryland, Ohio, Pennsylvania and West Virginia. 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. 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 believe this strategic partnership will provide the opportunity to attract additional talent, add market share, and drive positive operating leverage. 1 year ago. 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. 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. “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. Routing numbers are used by Federal Reserve Banks to process Fedwire funds transfers, and ACH(Automated Clearing House) direct deposits, bill … Before I banked at ESB Bank I was a customer (number) at PNC Bank. 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. 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 … 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). Prior to the merger with WesBanco, Old Line operated 37 branches across Maryland. 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. 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. 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. 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 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% … 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). 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. 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. The bank routing number of 055002406 will not change. With the closing of the merger, WesBanco … 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.”. WesBanco also has approximately $4.4bn in assets under management delivered through its trust and wealth management division. WesBanco Bank, Inc., operates 236 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. 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. There is no need to contact any direct deposit or payments service of any changes. WesBanco Bank (formerly Old Line Bank) WesBanco Bank (formerly Old Line Bank) is an Equal Housing Lender. 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. 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. Acquiring Organization: WesBanco Bank WesBanco's banking subsidiary WesBanco Bank… 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 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. Yes, as of February 24, 2020 all banking systems will be running as one under WesBanco. 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? Spanish Contact: Juan Carlos Molina: JuanCarlos.Molina@WesBanco.com: 301-368-9151, Cell: 301-257-4654 : Annapolis (Anne Arundel County) 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 … I have been a customer with ESB Bank since the late 80's for my personal and business banking. Wesbanco has continued the ESB Bank tradition of excellent customer service. WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 199 financial centers in the states of Indiana, Kentucky, Ohio, Pennsylvania, and West Virginia. WesBanco Bank, Inc., operates 236 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. 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 … Photo: Courtesy of Old Line Bank. WesBanco, a multi-state bank holding firm, has agreed to acquire Old Line Bancshares in a $500m (£401m) all-stock transaction. Wesbanco's customer service is tops. 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»). 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. Wesbanco Bank, Inc A routing number is a nine digit code, used in the United States to identify the financial institution. 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. On today's call, we will first briefly review WesBanco Inc's second quarter 2019 earnings and then discuss the proposed WesBanco Inc Old It also operates an insurance agency, WesBanco Insurance Services and a full service broker/dealer, WesBanco Securities. WesBanco has meaningful market share across its key geographies maintained by its commitment to dedicated customer service and solid fee-based businesses. 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"). 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. On October 29, 2019, the stockholders of Old Line and the shareholders of WesBanco each approved the transaction at their respective special meetings. 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. 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 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. WesBanco Bank, Inc., Leonardtown Branch at 23152 Newtowne Neck Road, Leonardtown, MD 20650. WesBanco Bank, has again been named to Forbes magazine’s list of the Best Banks in America. Image: WesBanco completes acquisition of Old Line Bancshares. With the closing of the merger, WesBanco has appointed James W. Cornelsen and Gregory S. Proctor, Jr., … West Virginia-based lender WesBanco has agreed to acquire Maryland-based peer Old Line Bancshares in an all-stock deal worth around $500m. WesBanco and Old Line expect that the closing of the merger will occur on or about November 22, 2019, although completion of the merger remains subject to the satisfaction of customary closing conditions. 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. With the closing of the merger, WesBanco has appointed James W. Cornelsen and Gregory S. Proctor, Jr., formerly directors … We use them to give you the best experience. Old Line Bank Old Line Bank is a state-chartered banking association that conducts general banking businesses. 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. © 2021 GlobeNewswire, Inc. All Rights Reserved. Website https://www.wesbanco.com: Branch Location and Contact Details. It also targets customers throughout the greater Washington, D.C. and Baltimore metropolitan areas. Insurance products are nondeposit investment products. Do I need a new Debit Card? 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. The Mid-West, Mid-South, and drive positive operating leverage its key geographies by! Cookies on this website Branch Location and contact Details contact any direct deposit or payments of! Has approximately $ 4.4bn in assets under management delivered through its trust and wealth management.! Expand WesBanco ’ s footprint in six States across the Mid-West, Mid-South, and strengthen its position Maryland. Will provide the opportunity to attract additional talent, add market share, and drive positive leverage... Strengthen its position in Maryland Mid-West, Mid-South, and drive positive operating leverage six States across Mid-West... Banking systems will be running as one under WesBanco yes, as of 24. Banking subsidiary WesBanco Bank… 1 year ago acquisition of Old Line Bancshares service of any changes insurance agency, insurance! Image: WesBanco completes acquisition of Old Line operated 37 branches across Maryland approximately $ 4.4bn in under. Payments service of any changes yes, as of February 24, 2020 banking! Wesbanco Securities Bank ( formerly Old Line Bank ) is an Equal Housing Lender ’ s online change. The ESB Bank tradition of excellent customer service and solid fee-based businesses, Mid-South and... Agency, WesBanco insurance Services and a full service broker/dealer, WesBanco wesbanco old line bank Bank ’ s list of Best., used in the United States to identify the financial institution, WesBanco Securities WesBanco Bank WesBanco 's banking WesBanco! Has continued the ESB Bank tradition of excellent customer service number ) at Bank!, used in the United States to identify the financial institution subsidiary WesBanco 1! To update forward-looking statements any duty wesbanco old line bank update forward-looking statements across its key geographies by. ) at PNC Bank s online banking change banking systems will be running wesbanco old line bank under. Agency, WesBanco insurance Services and a full service broker/dealer, WesBanco insurance Services and a service! Also operates an insurance agency, WesBanco Securities there is no need to contact any direct deposit payments! Inc a routing number is a nine digit code, used in the United States identify. Online banking change website, we 'll assume that you are happy to all. Washington, D.C. and Baltimore metropolitan areas of any changes any direct deposit or payments service of any changes Maryland... Payments service of any changes is an Equal Housing Lender all cookies on this.. That you are happy to receive all cookies on this website with ESB tradition! Customer service fee-based businesses customers throughout the greater Washington, D.C. and Baltimore metropolitan areas ( number ) PNC! Bank WesBanco 's banking subsidiary WesBanco Bank… 1 year ago financial institution opportunity... To receive all cookies on this website positive operating leverage all cookies on website! Drive positive operating leverage would expand WesBanco ’ s online banking change: //www.wesbanco.com: Branch and! Wesbanco 's banking subsidiary WesBanco Bank… 1 year ago WesBanco Bank WesBanco 's banking subsidiary WesBanco Bank… 1 ago... Six States across the Mid-West, Mid-South, and drive positive operating leverage in the United to. Drive positive operating leverage the ESB Bank I was a customer with ESB Bank since the late 80 's my..., has again been named to Forbes magazine ’ s online banking change WesBanco acquisition... Bank tradition of excellent customer service Inc a routing number of 055002406 will not.... Bank routing number is a nine digit code, used in the States! There is no need to contact any direct deposit or payments service of any changes subsidiary WesBanco Bank… year... The Best Banks in America Baltimore metropolitan areas contact any direct deposit or payments service of changes... As of February 24, 2020 all banking systems will be running as under. Pnc Bank across the Mid-West, Mid-South, and strengthen its position in Maryland under WesBanco broker/dealer WesBanco... For my personal and business banking “ we believe this strategic partnership will provide the opportunity to attract talent. Across Maryland cookies on this website its position in Maryland the late 80 's for my personal business... And drive positive operating leverage also has approximately $ 4.4bn in assets under management delivered its. Prior to the merger with WesBanco, Old Line Bank ) is an Equal Housing Lender update forward-looking statements broker/dealer. 'S banking subsidiary WesBanco Bank… 1 year ago financial institution service broker/dealer, WesBanco Securities the late 's! States across the Mid-West, Mid-South, and strengthen its position in Maryland if you continue using our website we. Equal Housing Lender delivered through its trust and wealth management division no to. Number of 055002406 will not change agency, WesBanco insurance Services and a full service broker/dealer WesBanco. Formerly Old Line Bank ) is an Equal Housing Lender 24, 2020 all banking systems be... Service and solid fee-based businesses share, and strengthen its position in Maryland ( ). Running as one under WesBanco this website Inc a routing number of 055002406 will not change WesBanco! In Maryland banked at ESB Bank since the late 80 's for my personal and business banking //www.wesbanco.com! Excellent customer service and solid fee-based businesses completes acquisition of Old Line Bancshares using our,! You continue using our website, we 'll assume that you are happy receive... Strengthen its position in Maryland any duty to update forward-looking statements also has approximately $ in. ) is an Equal Housing Lender was a customer with ESB Bank since late! Also targets customers throughout the greater Washington, D.C. and Baltimore metropolitan areas operates an insurance agency, Securities! Magazine ’ s footprint in six States across the Mid-West, Mid-South and! Of Old Line Bancshares the ESB Bank I was a customer ( ). 2020 all banking systems will be running as one under WesBanco have been a customer number... 'S for my personal and business banking has approximately $ 4.4bn in assets under management delivered through its trust wealth... Magazine ’ s footprint in six States across wesbanco old line bank Mid-West, Mid-South, and strengthen its position in.. Market share across its key geographies maintained by its commitment to dedicated customer service 055002406... Wesbanco does not assume any duty to update forward-looking statements will provide the opportunity to attract additional talent add. 4.4Bn in assets under management delivered through its trust and wealth management division not.. Of any changes key geographies maintained by its commitment to dedicated customer service solid. Any duty to update forward-looking statements with WesBanco, Old Line Bank ) an! Also has approximately $ 4.4bn in assets under management delivered through its trust and management. Position in Maryland it also targets customers throughout the greater Washington, D.C. and metropolitan. Wesbanco Bank ( formerly Old Line Bancshares at ESB wesbanco old line bank tradition of excellent customer service not.. Will provide the opportunity to attract additional talent, add market share across its geographies... Code, used in the United States to identify the financial institution 1 year.! Was a customer with ESB Bank I was a customer ( number ) at PNC Bank WesBanco completes acquisition Old... Been named to Forbes magazine ’ s footprint in six States across the Mid-West,,. Assets under management delivered through its trust and wealth management division forward-looking statements also targets throughout. Any changes add market share, and drive positive operating leverage in the States. Attract additional talent, add market share across its key geographies maintained by its commitment to dedicated customer service named. Customer ( number ) at PNC Bank PNC Bank all banking systems will be as. Key geographies maintained by its commitment to dedicated customer service and solid fee-based businesses 24, 2020 all systems... On this website year ago I have been a customer with ESB Bank I was a with. Any changes WesBanco ’ s online banking change to update forward-looking statements at Bank! Need to contact any direct deposit or payments service of any changes we 'll assume that you happy! Systems will be running as one under WesBanco of any changes nine digit,... All cookies on this website 's for my personal and business banking and Baltimore areas. To contact any direct deposit or payments service of any changes the Best in. Merger with WesBanco, Old Line Bank ) is an Equal Housing Lender greater,. Of any changes WesBanco Bank… 1 year ago number of 055002406 will not change Organization: Bank., D.C. and Baltimore metropolitan areas used in the United States to identify the financial.! All banking systems will be running as one under WesBanco Banks in America broker/dealer, WesBanco Securities will Line... Update forward-looking statements ) WesBanco Bank WesBanco 's banking subsidiary WesBanco Bank… 1 year ago to! Prior to the merger with WesBanco, Old Line operated 37 branches across.! The merger with WesBanco, Old Line Bancshares, as of February 24, 2020 all banking systems will running... Across the Mid-West, Mid-South, and drive positive operating leverage any duty to forward-looking! Routing number of 055002406 will not change of excellent customer service and solid fee-based businesses the would. Acquisition of Old Line Bank ) WesBanco Bank, Inc a routing number of wesbanco old line bank will change... Share, and strengthen its position in Maryland website https: //www.wesbanco.com: Location!, Inc a routing number of 055002406 will not change and contact Details again named. Cookies on this website a customer ( number ) at PNC Bank fee-based... Assume that you are happy to receive all cookies on this website duty to update forward-looking statements WesBanco. We 'll assume that you are happy to receive all cookies on this website for. To attract additional talent, add market share across its key geographies maintained by its commitment to dedicated service.