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WSBC - WesBanco Inc News Story

$24.93 -0.3  -1.2%

Last Trade - 23/10/20

Sector
Financials
Size
Mid Cap
Market Cap £1.29bn
Enterprise Value £1.56bn
Revenue £431.1m
Position in Universe 2007th / 6447

BRIEF-WesBanco Bank Announces Financial Center Optimization Plan

Thu 27th August, 2020 10:17pm
Aug 27 (Reuters) - WesBanco Inc  WSBC.O :
    * WESBANCO INC - WESBANCO BANK ANNOUNCES FINANCIAL CENTER
OPTIMIZATION PLAN
    * WESBANCO - WESBANCO BANK TO CLOSE 20 EXISTING LOCATIONS,
IN
ADDITION TO 5 IDENTIFIED EARLIER THIS YEAR, CONVERT 2 TO
DRIVE-UP ONLY LOCATIONS
    * WESBANCO - WESBANCO BANK'S 3 LOCATIONS TO CLOSE DURING Q4,
WHILE
REMAINDER WILL CLOSE ON OR ABOUT JANUARY 22, 2021
    * WESBANCO - WESBANCO BANK'S COST SAVINGS EXPECTED TO BE
ABOUT $6
MILLION TO $6.5 MILLION, PHASED-IN DURING H1 2021
    * WESBANCO - WESBANCO BANK ANTICIPATES INCURRING TOTAL
CHARGES OF
ABOUT $3.5 MILLION TO $4.0 MILLION DUE TO COSTS ASSOCIATED WITH
CLOSURES

Source text: (https://bit.ly/31EmA8F)
Further company coverage:  WSBC.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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