M&A Deal Summary

WesBanco Acquires First Fidelity Bancorp

On August 26, 1993, WesBanco acquired financial services company First Fidelity Bancorp for 73M USD

Acquisition Highlights
  • This is WesBanco’s 4th transaction in the Financial Services sector.
  • This is WesBanco’s 8th largest (disclosed) transaction.
  • This is WesBanco’s 4th transaction in the United States.
  • This is WesBanco’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 1993-08-26
Target First Fidelity Bancorp
Sector Financial Services
Buyer(s) WesBanco
Deal Type Add-on Acquisition
Deal Value 73M USD
Advisor(s) LSC Financial Solutions (Financial)
K&L Gates (Legal)

Target

First Fidelity Bancorp

Oklahoma City, Oklahoma, United States
First Fidelity Bancorp Inc. is a provider of banking services in Oklahoma and Arizona.

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Buyer(S) 1

Buyer

WesBanco

Wheeling, West Virginia, United States

Category Company
Founded 1870
Sector Financial Services
Employees3,253
Revenue 600M USD (2024)
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 4 of 18
Sector: Financial Services M&A 4 of 18
Type: Add-on Acquisition M&A Deals 4 of 8
State: Oklahoma M&A 1 of 1
Country: United States M&A 4 of 18
Year: 1993 M&A 1 of 1
Size (of disclosed) 8 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-12-04 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.

Buy $9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-02-09 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.

Buy $45M