EX-99
2
ex9983104.htm
PRESS RELEASE 8-31-04
Press Release 8-31-04
News for Immediate Release
August 31, 2004
WesBanco, Inc.
1 Bank Plaza
Wheeling, WV 26003
And
Western Ohio Financial Corporation
28 East Main Street
Springfield, Ohio 45502
For Further Information Contact:
Paul M. Limbert (304) 234-9000
President and CEO, WesBanco, Inc.
Or
John W. Raisbeck (937) 327-1112
President and CEO, Western Ohio Financial Corporation
WesBanco, Inc. Consummates Merger with Western Ohio Financial Corporation
Wheeling, WV .. .. WesBanco, Inc. ("WesBanco") (Nasdaq: WSBC), a multi-state bank holding company headquartered in Wheeling, West Virginia, and Western Ohio Financial Corporation ("Western Ohio") (Nasdaq: WOFC), Springfield, Ohio, jointly announced today the consummation of WesBanco's acquisition of Western Ohio and the merger of Western Ohio's affiliate, Cornerstone Bank, with and into WesBanco affiliate, WesBanco Bank, Inc. The joint announcement of the transactions was made by Paul M. Limbert, President and CEO of WesBanco and John W. Raisbeck, President and CEO of Western Ohio.
The merger, which was previously announced on April 1, 2004, and approved by both the Federal Reserve Bank of Cleveland and the West Virginia Division of Banking, was approved on August 17, 2004 by Western Ohio's shareholders. Under the terms of the Definitive Agreement and Plan of Merger, WesBanco will exchange a combination of its common stock and cash for Western Ohio common stock.
Cornerstone's name will be changed to WesBanco Bank - Springfield/Dayton on September 23, 2004, the same day as the scheduled data processing conversion. Subsequent to the conversion date, Cornerstone Bank customers will be able to conduct banking transactions at all of WesBanco's banking locations.
WesBanco's merger with Western Ohio creates a single bank holding company with total assets in excess of $3.9 billion and 80 banking offices in West Virginia, Ohio and Pennsylvania.
On August 25, 2004 WesBanco executed a definitive Agreement and Plan of Merger with Winton Financial Corporation, parent company of The Winton Savings & Loan Co., Cincinnati, Ohio. It is expected that the transaction will be completed in the first quarter of 2005 and will create a bank with approximately $4.5 billion in total assets providing banking services through 87 banking locations.
WesBanco is a multi-state bank holding company that now operates through banking offices in West Virginia, Ohio and Pennsylvania. Its banking subsidiary is WesBanco Bank, Inc., headquartered in Wheeling, West Virginia. In addition, WesBanco operates an insurance company, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. that also operates Mountaineer Securities, WesBanco's discount brokerage operation.
###

EX - 99 2 ex9983104 . htm PRESS RELEASE 8 - 31 - 04 Press Release 8 - 31 - 04 News for Immediate Release August 31 , 2004 WesBanco , Inc . 1 Bank Plaza Wheeling , WV 26003 And Western Ohio Financial Corporation 28 East Main Street Springfield , Ohio 45502 For Further Information Contact : Paul M . Limbert ( 304 ) 234 - 9000 President and CEO , WesBanco , Inc . Or John W . Raisbeck ( 937 ) 327 - 1112 President and CEO , Western Ohio Financial Corporation WesBanco , Inc . Consummates Merger with Western Ohio Financial Corporation Wheeling , WV . . . . WesBanco , Inc . ( " WesBanco " ) ( Nasdaq : WSBC ) , a multi - state bank holding company headquartered in Wheeling , West Virginia , and Western Ohio Financial Corporation ( " Western Ohio " ) ( Nasdaq : WOFC ) , Springfield , Ohio , jointly announced today the consummation of WesBanco 's acquisition of Western Ohio and the merger of Western Ohio 's affiliate , Cornerstone Bank , with and into WesBanco affiliate , WesBanco Bank , Inc . The joint announcement of the transactions was made by Paul M . Limbert , President and CEO of WesBanco and John W . Raisbeck , President and CEO of Western Ohio . The merger , which was previously announced on April 1 , 2004 , and approved by both the Federal Reserve Bank of Cleveland and the West Virginia Division of Banking , was approved on August 17 , 2004 by Western Ohio 's shareholders . Under the terms of the Definitive Agreement and Plan of Merger , WesBanco will exchange a combination of its common stock and cash for Western Ohio common stock . Cornerstone 's name will be changed to WesBanco Bank - Springfield / Dayton on September 23 , 2004 , the same day as the scheduled data processing conversion . Subsequent to the conversion date , Cornerstone Bank customers will be able to conduct banking transactions at all of WesBanco 's banking locations . WesBanco 's merger with Western Ohio creates a single bank holding company with total assets in excess of $ 3.9 billion and 80 banking offices in West Virginia , Ohio and Pennsylvania . On August 25 , 2004 WesBanco executed a definitive Agreement and Plan of Merger with Winton Financial Corporation , parent company of The Winton Savings & Loan Co . , Cincinnati , Ohio . It is expected that the transaction will be completed in the first quarter of 2005 and will create a bank with approximately $ 4.5 billion in total assets providing banking services through 87 banking locations . WesBanco is a multi - state bank holding company that now operates through banking offices in West Virginia , Ohio and Pennsylvania . Its banking subsidiary is WesBanco Bank , Inc . , headquartered in Wheeling , West Virginia . In addition , WesBanco operates an insurance company , WesBanco Insurance Services , Inc . , and a full service broker / dealer , WesBanco Securities , Inc . that also operates Mountaineer Securities , WesBanco 's discount brokerage operation . # # #