WV DFI Approves Bank Acquisition

WV DFI Administrative Actions

Published February 5th, 2026

Detected March 17th, 2026

Summary

The West Virginia Division of Financial Institutions has approved an application by Citizens Bank of West Virginia, Inc. to acquire Miners and Merchants Bank. This approval marks the final step in the acquisition process.

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What changed

The West Virginia Division of Financial Institutions (WV DFI) issued an official notification approving the application by Citizens Bank of West Virginia, Inc. to acquire Miners and Merchants Bank. The approval date is February 5, 2026, with the application filed on December 9, 2025.

This action signifies the completion of the regulatory approval process for the bank acquisition. Regulated entities, specifically banks involved in mergers or acquisitions within West Virginia, should note this approval as a precedent for similar transactions. No immediate compliance actions are required for other entities based on this notice, but it confirms the successful completion of the acquisition.

Source document (simplified)

WEST VIRGINIA DIVISION OF FINANCIAL INSTITUTIONS 900 PENNSYLVANIA AVENUE, SUITE 306 CHARLESTON, WEST VIRGINIA 25302-3542 www.dfi.wv.gov O F F I C I A L N O T I F I C A T I O N February 5, 2026 DATE DESCRIPTION ACTION 12-09-25 Application by Citizens Bank of West Virginia, Inc., Elkins, West Virginia to acquire Miners and Merchants Bank, Thomas, West Virginia. Approved Dawn E. Holstein Commissioner (304) 558-2294 Fax: (304) 558-0442 ________________________________________________________________________________________________________________