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Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
WesBanco, Inc.
Actual Acquirer:
WesBanco Bank, Inc.
Target:
Your Community Bankshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
5/3/2016
Announcement Date:
5/3/2016
Announced Deal Value ($ M):
214.19
Status:
Completed
Completion Date:
9/9/2016
Announced Deal Value Per Share ($ )
39.05

Consideration Breakout
Cash ($M) 42.0
Common Stock ($M) 173.1
Common Stock Issued 5,423,348

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 160.2 156.2
Price / Tangible Book (%) 172.8 167.5
Price / Earnings (x) 14.5 14.5
Price / Deposits (%) 17.30 17.67
Price / Assets (%) 13.81 14.19
Tangible Book Premium/ Deposits (%) NA 7.82
Deal Terms
Description of Consideration

WesBanco Inc. paid $7.7 per share in cash and exchanged 0.9640 of its common stock to acquire each outstanding share of Your Community Bankshares Inc.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 93,033
Estimated Cost Savings (%) 35.00
Estimated Cost Savings ($ 000) 15,597
Est. Restructuring Charges ($ 000) 26,500
Maximum Termination Fee ($ 000) 7,525
Minimum Termination Fee ($ 000) 0
Exchange Ratio (Common For Common) 0.964000
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) 11,957
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Raymond James & Assoc. Inc.
Seller Yes Keefe Bruyette & Woods Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Frost Brown Todd LLC

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1 (800) 905-9043.

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WesBanco Bank, Inc. is a Member FDIC