Skip to main content

Investor Relation - Mergers & Acquisitions

Investor Relation

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
WesBanco, Inc.
Actual Acquirer:
WesBanco Bank Fairmont
Target:
Heritage Bank of Harrison County Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
11/10/1998
Announcement Date:
11/10/1998
Announced Deal Value ($ M):
12.00
Status:
Completed
Completion Date:
4/30/1999
Announced Deal Value Per Share ($ )
50.00

Consideration Breakout
Common Stock ($M) 12.1
Common Stock Issued 423,107

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 282.3 285.0
Price / Tangible Book (%) 282.3 285.0
Price / Earnings (x) NM NM
Price / Deposits (%) 45.97 42.18
Price / Assets (%) 39.33 36.60
Tangible Book Premium/ Deposits (%) 35.08 31.41
Deal Terms
Description of Consideration

Heritage shareholders received 1.76639 shares of WSBC for each share held.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 14,837
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 0.00
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 1.77
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.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Phillips Gardill Kaiser
Seller Yes Jackson Kelly PLLC

For all customer service needs, including a lost or stolen debit card, please click the CUSTOMER SERVICE tab above or contact us at
1 (800) 905-9043.

Equal Housing Lender logo
WesBanco Bank, Inc. is a Member FDIC