M&A Deal Summary

WesBanco Acquires Albright Bancorp

On December 4, 1991, WesBanco acquired financial services company Albright Bancorp for 9M USD

Acquisition Highlights
  • This is WesBanco’s 3rd transaction in the Financial Services sector.
  • This is WesBanco’s 16th largest (disclosed) transaction.
  • This is WesBanco’s 3rd transaction in the United States.
  • This is WesBanco’s 1st transaction in West Virginia.

M&A Deal Summary
Date 1991-12-04
Target Albright Bancorp
Sector Financial Services
Buyer(s) WesBanco
Deal Type Add-on Acquisition
Deal Value 9M USD
Advisor(s) Sheshunoff & Co. Investment Banking (Financial)
Jackson Kelly (Legal)

Target

Albright Bancorp

Kingwood, West Virginia, United States
Albright Bancorp, Inc. is a provider of personal and business banking services. Its personal banking products and services include personal checking and savings accounts, health savings accounts.

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Buyer(S) 1

Buyer

WesBanco

Wheeling, West Virginia, United States
Category Company
Founded 1870
Sector Financial Services
Employees2,612
Revenue 595M USD (2023)
DESCRIPTION

WesBanco is a multi-state bank holding company of WesBanco Bank, Inc. operates as an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. WesBanco was founded in 1870 and is based in Wheeling, West Virginia.

DEAL STATS #
Overall 3 of 17
Sector (Financial Services) 3 of 17
Type (Add-on Acquisition) 3 of 8
State (West Virginia) 1 of 4
Country (United States) 3 of 17
Year (1991) 3 of 3
Size (of disclosed) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-11-25 First National Bank of Barnesville

Barnesville, Georgia, United States

First National Bank of Barnesville is a provider of financial services with 21 banking locations in West Virginia and five in eastern Ohio, with two locations in Barnesville and one each in Bethesda, Woodsfield and Beallsville.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1993-08-26 First Fidelity Bancorp

Oklahoma City, Oklahoma, United States

First Fidelity Bancorp Inc. is a provider of banking services in Oklahoma and Arizona.

Buy $73M
Mergr

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Legal