Skip to main content

Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
WesBanco, Inc.
Actual Acquirer:
WesBanco, Inc.
Target:
Commercial BancShares, Incorporated
Deal Type:
Bank & Thrift Company
Agreement Date:
9/12/1997
Announcement Date:
9/12/1997
Announced Deal Value ($ M):
135.77
Status:
Completed
Completion Date:
3/31/1998
Announced Deal Value Per Share ($ )
78.38

Consideration Breakout
Common Stock ($M) 138.2
Common Stock Issued 4,938,690

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 298.0 305.6
Price / Tangible Book (%) 299.4 306.9
Price / Earnings (x) 25.2 43.9
Price / Deposits (%) 37.76 37.81
Price / Assets (%) 32.48 32.27
Tangible Book Premium/ Deposits (%) 28.37 28.71
Deal Terms
Description of Consideration

Commercial BancShares shareholders received 2.85 shares of WesBanco common stock for each share held. Deal value includes the 116,108 CWV shares that were issued upon CWV's acquisition of Gateway Bancshares.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) 0
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 0.00
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 2.85
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement Yes
Strike Price ($ ) 50.0000
% of Shares Outstanding 19.90
Shares Under Option 321,621
Core Deposit Intangibles ($ 000) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Ostrowski & Company, Inc.
Seller Yes Danielson Associates LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Hunton Andrews Kurth LLP

For all customer service needs, including a lost or stolen debit card, please click the CUSTOMER SERVICE tab above or contact us at
1 (800) 905-9043.

Equal Housing Lender logo
WesBanco Bank, Inc. is a Member FDIC