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Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

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Deal Overview

WesBanco, Inc.
Actual Acquirer:
WesBanco, Inc.
Shawnee Bank Inc.
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) 12.9
Common Stock Issued 323,175

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 190.4 234.5
Price / Tangible Book (%) 190.4 234.5
Price / Earnings (x) 20.2 23.3
Price / Deposits (%) 35.30 43.47
Price / Assets (%) 27.60 33.13
Tangible Book Premium/ Deposits (%) 17.82 27.20
Deal Terms
Description of Consideration

Shawnee Bank shareholders received a fixed 10.094 shares of WesBanco common stock for each share held.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) 6,498
Estimated Cost Savings (%) 20.00
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) NA
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 10.094000
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) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Ostrowski & Company, Inc.
Seller Yes LSC Financial Services
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Kay Casto & Chaney

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1 (800) 905-9043.

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WesBanco Bank, Inc. is a Member FDIC