Two West Virginia banks announced a $413 million merger Friday. The merger of City Holding Co. and Horizon Bancorp, Beckley, would create a $2.5 billion-asset bank.
Horizon's five bank subsidiaries would be merged into City Holding's commercial banking subsidiary, City National Bank of West Virginia.
Philip L. McLaughlin, Horizon's president and chief operating officer, will be chairman of City Holding. Samuel M. Bowling, chairman of City Holding Co., will serve as vice chairman.
Steven J. Day, president and chief executive officer of City Holding and City National Bank, will continue in those roles for the combined company.
"For us, Horizon is the ideal strategic partner," said Mr. Day. "Combining our companies enables us to be more competitive with our services and further add value to our communities."