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Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

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Deal Overview

Buyer:
WesBanco, Inc.
Actual Acquirer:
WesBanco Bank, Inc.
Target:
Oak Hill Financial, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
7/19/2007
Announcement Date:
7/20/2007
Announced Deal Value ($ M):
198.92
Status:
Completed
Completion Date:
11/30/2007
Announced Deal Value Per Share ($ )
36.31

Consideration Breakout
Cash ($M) 16.7
Common Stock ($M) 150.5
Common Stock Issued 6,071,256

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 203.4 182.9
Price / Tangible Book (%) 230.5 208.3
Price / Earnings (x) 19.0 NM
Price / Deposits (%) 20.76 17.59
Price / Assets (%) 15.45 13.11
Tangible Book Premium/ Deposits (%) 13.92 10.74
Deal Terms
Description of Consideration

WesBanco Inc. paid $38.00 in cash or issued 1.256 shares of its common stock for each outstanding share of Oak Hill Financial Inc., subject to 90% of consideration being paid in stock.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 121,160
Estimated Cost Savings (%) 22.00
Estimated Cost Savings ($ 000) 7,200
Est. Restructuring Charges ($ 000) 5,835
Maximum Termination Fee ($ 000) 6,000
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) 1.256000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 13,100
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Keefe Bruyette & Woods Inc.
Seller Yes Stifel Nicolaus & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Porter Wright Morris & Arthur

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