Premier completes acquisition of Bank of Gassaway
HUNTINGTON – 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.