Mergers & Acquisitions

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Deal Overview

Buyer:
First West Virginia Bancorp, Inc.
Actual Acquirer:
Progressive Bank NA
Target:
1 Branch
Deal Type:
Bank & Thrift Branch
Seller:
WesBanco, Inc.
Agreement Date:
1/8/2002
Announcement Date:
1/8/2002
Number of Target Branches
1
Branch Locations
New Martinsville
WV
Franchise Premium ($ 000)
1,600
Tangible Book Premium/ Deposits (%)
9.50
Status:
Completed
Completion Date:
3/22/2002

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 16,843
Total Assets ($ 000) 15,243
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes Phillips Gardill Kaiser