West Virginia

West Virginia's City Holding is content to have loan officers drive several hours to pursue lending opportunities rather than relying on aggressive M&A. Part of the approach is tied to lessons learned from a risky strategy that blew up on a previous management team in the 1990s.

First West Virginia Bancorp (FWV) in Wheeling has shifted some of its leaders following the death of its longtime chief executive.

United Bancshares (UBSI) in Charleston, W.Va., and Virginia Commerce Bancorp (VCBI) in Arlington have pushed back the deadline for their merger as they await final regulatory approval.

Premier Financial Bancorp (PFBI) in Huntington, W.Va., has agreed to buy Gassaway Bancshares in Gassaway, W.Va.

The $782 million-asset company said in a press release Tuesday that it halved its stake in Lender Service Provider, to 25%, during the third quarter after adding two members to the processing firm.

WesBanco (WSBC) in Wheeling, W.Va., has hired a Fifth Third (FITB) executive to be its chief operating officer, and plans to promote him to chief executive next year.

MVB Financial (MVBF) in Fairmont, W.Va., has agreed to purchase certain assets and assume certain liabilities of CFG Community Bank in Lutherville, Md.

City Holding (CHCO) in Charleston, W.Va., said it will close a branch in Virginia Beach after determining that the location had an undesirable deposit mix.

Shares of Premier Financial Bancorp (PFBI) surged to a 52-week high Tuesday after the Huntington, W.Va., four-bank holding company reported a 69% increase in its first-quarter profit.

Highlands Bankshares Inc. in Petersburg, W. Va., will combine the roles of chairman and chief executive in May.

Premier Financial Bancorp Inc. in Huntington, W.Va., reported that its fourth-quarter profit rose 5% from a year earlier, to $2.4 million, as operating expenses declined.

Premier Financial Bancorp Inc. in Huntington, W.Va., is planning to consolidate three of its four subsidiary banks as part of its ongoing effort to build scale, lower its compliance costs and improve its overall efficiency.

Highlands Bankshares Inc. in Petersburg, W. Va., is on the lookout for a new chief executive after announcing that C.E. Porter will retire in May.

ALEXANDRIA, Va. — The NCUA Board this morning approved the proposed merger of Tennessee's Volunteer Corporate CU with West Virginia Corporate CU, accelerating the pace of the corporate restructuring.

NASHVILLE, Tenn. — Members of Volunteer Corporate CU approved the combination with West Virginia Corporate FCU to create a $1.5 billion corporate, one of six pending corporate marriages.

Skip Hageboeck, CEO of City Holding Co., has a clear idea where he wants to go (the I-81 corridor that runs through Virginia) and where he doesn't (the District of Columbia). His pace is slow, one deal every six years, but he's fine with that.

The proposal made to require all banks located within the U.S. to report interest payments to nonresident alien depositors would be detrimental to economic growth in local communities and expose those nonresident depositors to possible criminal activity aided by unstable and corrupt foreign governments.

City Holding Co. in Charleston, W.Va., said Tuesday that it has agreed to pay $3 million to settle a class-action suit in which depositors accused the $2.7 billion-asset company of improperly assessing overdraft fees.

The Federal Reserve said Tuesday that it had approved the sale of Centra Financial Holdings Inc. in Morganton, W.Va., to United Bankshares Inc. in Charleston, W.Va.

Premier Financial Bancorp of Huntington, W.Va., has received regulatory approval to resume dividend payments on its investment from the Treasury Department.