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M&A Deal Summary

WesBanco Acquires Western Ohio Financial

On April 1, 2004, WesBanco acquired financial services company Western Ohio Financial for 67M USD

Acquisition Highlights
  • This is WesBanco’s 11th transaction in the Financial Services sector.
  • This is WesBanco’s 9th largest (disclosed) transaction.
  • This is WesBanco’s 11th transaction in the United States.
  • This is WesBanco’s 1st transaction in Ohio.

M&A Deal Summary
Date 2004-04-01
Target Western Ohio Financial
Sector Financial Services
Buyer(s) WesBanco
Deal Type Merger
Deal Value 67M USD
Advisor(s) FBR & Co. (Financial)
Katten Muchin Rosenman (Legal)

Target

Western Ohio Financial

Springfield, Ohio, United States
Western Ohio is a savings and loan holding company headquartered in Springfield, Ohio. Western Ohio owns Cornerstone and another subsidiary, CornerstoneBanc Financial Services, Incorporated, which originates and purchases mortgage loans outside of the Bank's normal lending area. The Company serves its customers through its main office in Springfield, Ohio and six branch offices in Enon, New Carlisle, Springfield, Yellow Springs, Beavercreek and Centerville.

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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 11 of 17
Sector (Financial Services) 11 of 17
Type (Merger) 3 of 9
State (Ohio) 1 of 3
Country (United States) 11 of 17
Year (2004) 1 of 2
Size (of disclosed) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-24 Freedom Bancshares

Commerce, Georgia, United States

Freedom Bancshares, Inc. operates as the bank holding company for Freedom Bank, Company had total assets of $103.1 million, deposits of $95.4 million and shareholders' equity of $7.7 million. WesBanco is a multi-bank holding company presently operating through 60 banking offices.

Buy $11M
FOLLOWING 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
Mergr

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