M&A Deal Summary

WesBanco Acquires Commercial BancShares

On September 12, 1997, WesBanco acquired financial services company Commercial BancShares for 136M USD

Acquisition Highlights
  • This is WesBanco’s 8th transaction in the Financial Services sector.
  • This is WesBanco’s 5th largest (disclosed) transaction.
  • This is WesBanco’s 8th transaction in the United States.
  • This is WesBanco’s 4th transaction in West Virginia.

M&A Deal Summary
Date 1997-09-12
Target Commercial BancShares
Sector Financial Services
Buyer(s) WesBanco
Deal Type Merger
Deal Value 136M USD
Advisor(s) Hunton & Williams LLP (Legal)

Target

Commercial BancShares

Parkersburg, West Virginia, United States
Commercial is the parent company of seven community banks with 17 offices in Wood, Jackson, Ritchie, Wetzel and Tyler Counties in West Virginia and in Washington County, Ohio.

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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 8 of 17
Sector (Financial Services) 8 of 17
Type (Merger) 1 of 9
State (West Virginia) 4 of 4
Country (United States) 8 of 17
Year (1997) 1 of 1
Size (of disclosed) 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-12-20 Shawnee Bank

United States

Shawnee Bank, Inc. is a provider of personal loans, personal checking accounts, personal savings accounts, certificates of deposit, individual retirement accounts, debit cards, safe deposit boxes, and Premier Telebank.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-10 Heritage Bank of Harrison County

United States

Heritage Bank of Harrison County, Inc. is a provider of financial services and products. Heritage had total assets of $32 million, deposits of $27 million, and shareholders' equity of $4.3 million.

Buy $12M
Mergr

Product

Company

Legal