Premier Financial
{{Advert|date=May 2024}}{{Infobox company
| name = Premier Financial Corp.
| former_name = First Defiance Financial Corp.
| type = Public
| traded_as = {{NASDAQ|PFC}}
| industry = Banking
| foundation = {{start date and age|1920}}
| location = Defiance, Ohio
| area_served = Ohio, Michigan, Indiana, West Virginia, Pennsylvania
| key_people = {{nowrap| Gary M. Small (president & CEO)
Donald P. Hileman (executive chairman)
Paul D. Nungester, (CFO)}}
| revenue = {{increase}} $0.148 billion (2017)
| net_income = {{increase}} $0.032 billion (2017)
| assets = {{increase}} $2.993 billion (2017)
| equity = {{increase}} $0.373 billion (2017)
| num_employees = 674 (2017)
| website = {{URL|https://yourpremierbank.com/}}
| footnotes = {{cite web | url=https://www.sec.gov/Archives/edgar/data/946647/000114420418011748/tv486302_10k.htm | title=Premier Financial Corp. 2017 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
}}
Premier Financial Corp., headquartered in Defiance, Ohio, is the holding company for Premier Bank. Premier Bank, headquartered in Youngstown, Ohio, operates 73 branches and 9 loan offices in Ohio, Michigan, Indiana and Pennsylvania.
History
The bank was established in 1889 as FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF DEFIANCE.{{cite web | url=https://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=981275&parDT_END=99991231 | title=Institution History for FIRST FEDERAL BANK OF THE MIDWEST (981275) | publisher=Federal Financial Institutions Examination Council}}
In 2000, the name of the bank was changed to First Federal Bank of the Midwest.
In March 2008, the company acquired Pavilion Bancorp Inc. and its subsidiary, the Bank of Lenawee.{{cite press release | url=http://www.snl.com/irweblinkx/Mobile/file.aspx?IID=102284&FID=5772294 | title=First Defiance Completes the Acquisition of Pavilion Bancorp and Bank of Lenawee | publisher=PRNewswire | date=March 14, 2008}}
In 2012, the company repurchased the stock issued to the United States Department of the Treasury in connection with its investment in the company via the Troubled Asset Relief Program and in 2015 the company repurchased the warrants issued to the Treasury.{{cite press release | url=http://www.businesswire.com/news/home/20150311005885/en/Defiance-Financial-Corp.-Announces-Repurchase-Outstanding-TARP | title=First Defiance Financial Corp. Announces Repurchase of Outstanding TARP Warrant | publisher=Business Wire | date=March 11, 2015}}
In February 2014, the company announced a merger with First Community Bank and entered the Columbus, Ohio market.{{cite press release | url=http://www.businesswire.com/news/home/20140218006853/en/Defiance-Financial-Corp.-Acquire-Community-Bank-Enter | title=First Defiance Financial Corp. to Acquire First Community Bank, Enter Columbus Market | publisher=Business Wire | date=February 18, 2014}} However, in April 2014, the merger agreement was terminated.{{cite press release | url=http://www.businesswire.com/news/home/20140421005755/en/Defiance-Financial-Corp.-Community-Bank-Announce-Termination | title=First Defiance Financial Corp. and First Community Bank Announce Termination of Merger Agreement | publisher=Business Wire | date=April 21, 2014}}
In February 2017, the company acquired Commercial Bancshares, Inc. and The Commercial Savings Bank for $70.3 million.{{cite press release | url=http://www.businesswire.com/news/home/20170227005760/en/Defiance-Financial-Corp.-Completes-Acquisition-Commercial-Bancshares | title=First Defiance Financial Corp. Completes the Acquisition of Commercial Bancshares, Inc. and The Commercial Savings Bank | publisher=Business Wire | date=February 27, 2017}}
In January 2020, the holding company for First Federal Bank of the Midwest merged with United Community Financial Corp. In April 2020, the new company announced the unification of their banking businesses under the new name of Premier Bank.{{Cite web|url=https://www.sent-trib.com/news/premier-bank-first-federal-home-savings-announce-name-change/article_cedb107a-84c8-11ea-b54d-83c0caf3088f.html|title=Premier Bank: First Federal, Home Savings announce name change}}
In July 2024, the company announced its intention to merge with WesBanco in an all stock deal valued at $959 million.{{Cite press release |url=https://investor.wesbanco.com/News-and-Events/press-releases-news/news-details/2024/WesBanco-Inc.-Announces-Transformative-Merger-with-Premier-Financial-Corp/default.aspx|title=WesBanco, Inc. Announces Transformative Merger with Premier Financial Corp. | date=July 26, 2024}}
References
{{Reflist|1}}
External links
{{Finance links
| name = Premier Financial Corp.
| google = PFC
| yahoo = PFC
| bloomberg = PFC:US
| symbol = PFC
| sec_cik = PFC
}}
Category:Banks established in 1920