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M&A Deal Summary

WesBanco Acquires Oak Hill Financial

On July 20, 2007, WesBanco acquired financial services company Oak Hill Financial for 199M USD

Acquisition Highlights
  • This is WesBanco’s 13th transaction in the Financial Services sector.
  • This is WesBanco’s 4th largest (disclosed) transaction.
  • This is WesBanco’s 13th transaction in the United States.
  • This is WesBanco’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2007-07-20
Target Oak Hill Financial
Sector Financial Services
Buyer(s) WesBanco
Deal Type Merger
Deal Value 199M USD
Advisor(s) Stifel (Financial)
Porter Wright Morris & Arthur (Legal)

Target

Oak Hill Financial

Jackson, Ohio, United States
Oak Hill Financial is a financial holding company headquartered in Jackson, Ohio. Its subsidiary, Oak Hill Banks, operates 36 full-service banking offices and one bank loan production office in 15 counties across southern and central 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 13 of 17
Sector (Financial Services) 13 of 17
Type (Merger) 5 of 9
State (Ohio) 3 of 3
Country (United States) 13 of 17
Year (2007) 1 of 1
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-25 Winton Financial

Cincinnati, Ohio, United States

Winton Financial Corporation is the holding company of The Winton Savings & Loan Co., an Ohio savings and loan association established in 1887 with over $553 million in total assets that serves the Cincinnati, Ohio area as one of the largest Thrifts in the market. Winton Savings operates seven full service branch locations and loan production offices in Southwestern Ohio and in Southeastern Indiana. Winton Savings is principally engaged in the business of making first mortgage loans to finance the purchase, construction or improvement of residential or other real property.

Buy $103M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-19 Fidelity Bancorp

Pittsburgh, Pennsylvania, United States

Fidelity Bancorp, Inc. operates Fidelity Bank, a full service community bank with eleven locations in Allegheny and Butler Counties, Pennsylvania.

Buy $73M
Mergr

Product

Company

Legal