Premier completes acquisition of Bank of Gassaway - Beckley, Bluefield & Lewisburg News, Weather, Sports

Premier completes acquisition of Bank of Gassaway

Posted: Updated:

Premier Bank, Inc. has completed its $20.25 million acquisition of the Bank of Gassaway.

Premier's parent, Huntington-based Premier Financial Bancorp, Inc. said Monday that the deal was completed at the close of business on Friday.

Premier president and CEO Robert W. Walker says in a news release that the Bank of Gassaway is a natural fit to expand Premier Bank's branch network into Braxton and Clay counties.

Premier Financial Bancorp is a $1.1 billion community bank holding company. It also owns Vanceburg, Ky.-based Citizens Deposit Bank. 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.