M&A Deal Summary

WesBanco Acquires Shawnee Bank

On December 20, 1996, WesBanco acquired financial services company Shawnee Bank for 10M USD

Acquisition Highlights
  • This is WesBanco’s 7th transaction in the Financial Services sector.
  • This is WesBanco’s 16th largest (disclosed) transaction.
  • This is WesBanco’s 7th transaction in the United States.

M&A Deal Summary

Date 1996-12-20
Target Shawnee Bank
Sector Financial Services
Buyer(s) WesBanco
Deal Type Add-on Acquisition
Deal Value 10M USD
Advisor(s) LSC Financial Solutions (Financial)
Kay Casto & Chaney (Legal)

Target

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.

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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 7 of 18
Sector: Financial Services M&A 7 of 18
Type: Add-on Acquisition M&A Deals 7 of 8
Country: United States M&A 7 of 18
Year: 1996 M&A 3 of 3
Size (of disclosed) 16 of 18
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-12 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.

Buy $136M