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Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

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Deal Overview

Buyer:
WesBanco, Inc.
Actual Acquirer:
WesBanco, Inc.
Target:
Vandalia National Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
7/19/1996
Announcement Date:
7/19/1996
Announced Deal Value ($ M):
10.10
Status:
Completed
Completion Date:
12/30/1996
Announced Deal Value Per Share ($ )
33.70

Consideration Breakout
Unclassified ($M) 12.1
Common Stock Issued 345,545

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 224.2 272.9
Price / Tangible Book (%) 224.2 272.9
Price / Earnings (x) 32.4 39.4
Price / Deposits (%) 18.98 22.74
Price / Assets (%) 17.34 20.77
Tangible Book Premium/ Deposits (%) 13.00 17.44
Deal Terms
Description of Consideration

WesBanco Inc. paid $12.05 million to acquire Vandalia National Corporation.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 7,783
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) 1.271800
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 Ferris Baker Watts LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Spilman Thomas & Battle, PLLC

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