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WESBANCO ACQUIRES OHIO BANK

 WESBANCO ACQUIRES OHIO BANK
 WHEELING, W.Va., June 19 /PRNewswire/ -- Officials of Wesbanco,


Inc. (NASDAQ: WSBC), headquartered in Wheeling, and The First National Bank of Barnesville, Barnesville, Ohio, have announced that at a special meeting of the stockholders of The First National Bank of Barnesville on June 18, the stockholders approved the acquisition of that bank by Wesbanco, Inc. under the terms and conditions of the definitive agreement and plan of merger executed by the two companies on Nov. 25, 1991. At a special meeting of the stockholders of Wesbanco, Inc., held on the same date, the stockholders of Wesbanco approved the issuance of up to 600,000 shares of the common stock of Wesbanco in exchange for all of the outstanding common stock of The First National Bank of Barnesville. It is anticipated that the transaction will be completed in the latter part of July.
 As of March 31, 1992, Wesbanco's total assets were $844,484,000 and The First National Bank of Barnesville had assets of $143,886,000. This will bring Wesbanco total assets to near the $1 billion mark.
 This transaction provides Wesbanco with five locations in Eastern Ohio, with two locations in Barnesville and one each in Bethesda, Woodsfield and Beallsville, and also marks the company's first acquisition outside the state of West Virginia. In addition to the five locations gained in this transaction, Wesbanco operates in 21 locations within the state of West Virginia.
 -0- 6/19/92
 /CONTACT: E.M. George of Wesbanco, 304-234-9208/
 (WSBC) CO: Wesbanco, Inc.; The First National Bank of Barnesville ST: West Virginia; Ohio IN: FIN SU: TNM


CD-CH -- PG021 -- 2084 06/19/92 16:58 EDT
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Publication:PR Newswire
Date:Jun 19, 1992
Words:278
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