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Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

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Deal Overview

Buyer:
WesBanco, Inc.
Actual Acquirer:
Wesbanco Bank Wheeling
Target:
Bank of Weirton
Deal Type:
Bank & Thrift Company
Agreement Date:
2/9/1996
Announcement Date:
2/9/1996
Announced Deal Value ($ M):
45.40
Status:
Completed
Completion Date:
8/30/1996
Announced Deal Value Per Share ($ )
3,493.75

Consideration Breakout
Common Stock ($M) 44.4
Common Stock Issued 1,690,000

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 123.9 119.2
Price / Tangible Book (%) 123.9 119.2
Price / Earnings (x) 21.2 21.6
Price / Deposits (%) 32.24 31.37
Price / Assets (%) 25.37 24.60
Tangible Book Premium/ Deposits (%) 6.42 5.23
Deal Terms
Description of Consideration

Bank of Weirton shareholders received a fixed 130 shares of Wesbanco common stock for each share held.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Market Expansion
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) 130.000000
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) NM
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 No NA

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