M&A Deal Summary

WesBanco Acquires Bank of Weirton

On February 9, 1996, WesBanco acquired financial services company Bank of Weirton for 45M USD

Acquisition Highlights
  • This is WesBanco’s 5th transaction in the Financial Services sector.
  • This is WesBanco’s 10th largest (disclosed) transaction.
  • This is WesBanco’s 5th transaction in the United States.
  • This is WesBanco’s 2nd transaction in West Virginia.

M&A Deal Summary
Date 1996-02-09
Target Bank of Weirton
Sector Financial Services
Buyer(s) WesBanco
Deal Type Add-on Acquisition
Deal Value 45M USD
Advisor(s) LSC Financial Solutions (Financial)

Target

Bank of Weirton

Weirton, West Virginia, United States
Bank of Weirton is a provider of financial services to consumers and businesses in the United States.

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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 5 of 17
Sector (Financial Services) 5 of 17
Type (Add-on Acquisition) 5 of 8
State (West Virginia) 2 of 4
Country (United States) 5 of 17
Year (1996) 1 of 3
Size (of disclosed) 10 of 17
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-07-19 Vandalia National

Morgantown, West Virginia, United States

Vandalia National Corp. is a provider of financial and credit services. Company provides personal loans, credit cards, home loans, personal cheque accounts, student loans, and forex services.

Buy $10M
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