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Financial M&A image Financial M&A » By The Online Investor Staff, updated Mon., Dec. 6, 12:31 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #74. Premier Financial Bancorp, Inc. Bank Of Gassaway

Acquirer: Premier Financial Bancorp, Inc. (NASDAQ:PFBI)
Acquiree: Bank Of Gassaway
Details: PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ/GMS: PFBI), a $1.1 billion community bank holding company with two bank subsidiaries, announced that the acquisition of the Bank of Gassaway ("Gassaway") was completed effective with the close of business on April 4, 2014. Gassaway, a $172 million bank (as of December 31, 2013) headquartered in Gassaway, West Virginia, was purchased by Premier Bank, Inc., Premier's wholly owned bank subsidiary, for $20.25 million under terms of an amended and restated agreement of merger dated January 3, 2014.

Premier Financial Bancorp is a multi-bank holding company and financial holding company. Through its subsidiaries (the Banks), Citizens Deposit Bank and Trust, Inc. and Premier Bank, Inc., Co. provides a range of retail and commercial banking services, including commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; and other services for both individuals and businesses. The Banks' range of deposit services includes checking accounts, NOW accounts, savings accounts, money market accounts, club accounts, individual retirement accounts, certificates of deposit and overdraft protection.

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Company Name: 
Premier Financial Bancorp, Inc.
Banking & Savings

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