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Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

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Deal Overview

WesBanco, Inc.
Actual Acquirer:
WesBanco, Inc.
Commercial BancShares, Incorporated
Deal Type:
Bank & Thrift Company
Agreement Date:
Announcement Date:
Announced Deal Value ($ M):
Completion Date:
Announced Deal Value Per Share ($ )

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
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 2.850000
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

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