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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:
Albright Bancorp, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
4/12/1991
Announcement Date:
4/12/1991
Announced Deal Value ($ M):
9.30
Status:
Completed
Completion Date:
12/2/1991
Announced Deal Value Per Share ($ )
62.70

Consideration Breakout
Common Stock ($M) 9.8
Common Stock Issued 310,849

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 97.3 96.2
Price / Tangible Book (%) 97.3 96.2
Price / Earnings (x) 20.4 11.0
Price / Deposits (%) 11.28 11.56
Price / Assets (%) 10.07 10.26
Tangible Book Premium/ Deposits (%) (0.34) (0.48)
Deal Terms
Description of Consideration

Albright shareholders received 2.2 shares of Wesbanco common stock for each share held.

Accounting Method Pooling of Interests
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) 2.200000
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) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Advest Inc.
Seller Yes Sheshunoff & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Jackson Kelly PLLC

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