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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 Follansbee
Deal Type:
Bank & Thrift Company
Agreement Date:
10/11/1991
Announcement Date:
10/11/1991
Announced Deal Value ($ M):
1.90
Status:
Completed
Completion Date:
2/10/1992
Announced Deal Value Per Share ($ )
3,800.00

Consideration Breakout
Cash ($M) 1.9

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 131.0 134.9
Price / Tangible Book (%) 131.0 134.9
Price / Earnings (x) 18.6 NM
Price / Deposits (%) 11.02 12.05
Price / Assets (%) 10.08 11.01
Tangible Book Premium/ Deposits (%) 2.87 3.44
Deal Terms
Description of Consideration

Bank of Follansbee shareholders received $3,800 per share. $250,000 of the aggregate deal value is in a reserve to be paid out over three years, contingent upon the performance of certain assets.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 0
Estimated Cost Savings (%) NA
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) NA
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 229
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Stone Pigman

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