Shares of a West Virginia bank are under pressure because of a recent merger and a controversial lending program, according to an analyst.

City Holding Corp., a $1.6 billion-asset bank based in Charleston, merged in December with Horizon Bancorp, which had assets of $1.1 billion and headquarters in Beckley, W.Va. The resulting $2.7 billion-asset company operates 43 branches throughout West Virginia.

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