AmTrust Bank in Cleveland said Friday that it is selling five branches in Columbus, Ohio, because it needs to raise capital to satisfy regulators.

The $16.5 billion-asset AmTrust, under an order by the Office of the Thrift Supervision to raise capital after losing $305.7 million in the third quarter on bad real estate loans in Florida and Arizona, is selling all five of its Columbus branches to WesBanco Inc. in Wheeling, W.Va., for $20.9 million, or a 3.5% premium on roughly $601 million of deposits.

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