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Fly News Breaks for July 24, 2019
WSBC, OLBK
Jul 24, 2019 | 09:03 EDT
As previously reported, Raymond James analyst William Wallace IV downgraded Old Line Bancshares (OLBK) to Market Perform from Outperform following the company's announcement that it reached a definitive agreement to be acquired by WesBanco (WSBC). Given the announced acquisition, the analyst expects Old Line Bancshares' shares will trade in line with WesBanco's shares until the deal closes.