West Virginia-based WesBanco Inc. (Nasdaq: WSBC) has completed its $221 million acquisition of New Albany-based Your Community Bankshares Inc. (Nasdaq: YCB). As a result of the deal, more than 30 Your Community Bank branches will be rebranded under the WesBanco Bank name.
Two former Your Community directors, Gary Libs and Kerry Stemler, have been added to the WesBanco Board of Directors. The merger was announced in May and Your Community shareholders approved the deal last month.
"We are excited to become part of the team at WesBanco," said Jim Rickard, former president and chief executive officer of Your Community Bankshares and WesBanco’s new market president for Kentucky and Southern Indiana. "This merger will provide an enhanced commitment to our customers through additional products and services that have long been strengths of WesBanco, in addition to WesBanco’s demonstrated track record of merger integration and commitment to the communities it serves."
The transition of the former Your Community Bank branches to the WesBanco Bank brand is expected to begin in early November.