HUNTINGTON, W.Va. (AP) -- Premier Financial Bancorp says state and federal regulators have approved the merger of three subsidiaries in Kentucky and Ohio.
Premier said Tuesday the merger will combine Eminence, Ky.-based Farmers Deposit Bank and Ironton, Ohio-based Ohio River Bank with Citizens Deposit Bank and Trust.
The combined bank will retain the Citizens Bank Deposit and Trust name and will be headquartered in Vanceburg, Ky.
Premier says the combined bank will have nearly $367 million in assets and 13 locations in northern Kentucky and southern Ohio.
The merger is expected to be completed in the next six months.
Huntington, W.Va.-based Premier is a $1.1 billion bank holding company that also has banking locations in West Virginia, Virginia, Washington D.C. and Maryland.