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WESBANCO TO ACQUIRE OHIO BANK

 WESBANCO TO ACQUIRE OHIO BANK
 WHEELING, W.V. and BARNESVILLE, Ohio, Nov. 25 /PRNewswire/ --


Wesbanco Inc. (NASDAQ: WSBC), a bank holding company headquartered in Wheeling, and the First National Bank of Barnesville, Barnesville, announced today the execution of a definitive agreement and plan of merger, providing for the merger of First National Bank of Barnesville with and into a wholly owned subsidiary of Wesbanco formed for the purpose of the transaction. The agreement was executed by both corporations today, and has been approved by the board of directors of First National.
 Upon consummation of the merger, each share of the First National Bank of Barnesville common stock outstanding will be converted into 12 shares of Wesbanco Inc. common stock. Additionally, Wesbanco will be electing two directors of First National to the board of directors of Wesbanco upon consummation of the transaction. It is anticipated that the transaction will be consummated in the second quarter of 1992. In the interim, the shareholders of First National will receive their regular semi-annual dividend on Jan. 2, 1992, an extra dividend on April 1, 1992 and a subsequent dividend on July 1, 1992, which quarterly dividends shall be equivalent to the Wesbanco dividend which the shareholders would otherwise receive upon conversion of their stock under the transaction.
 The merger will permit the expansion of existing services by First National to its customers and the community which it serves. Under the terms of the agreement, the directors, officers and employees of First National will continue unchanged by reason of the merger.
 The merger is subject to a number of conditions, including the approval of First National Bank of Barnesville's shareholders and the receipt of regulatory approvals.
 As of Dec. 13, 1990, First National had total assets of approximately $139 million, total shareholders' equity of $16 million and a capital-to-asset ratio of 12.4 percent. As of Sept. 30, 1991, Wesbanco had total consolidated assets of approximately $718 million, total shareholders' equity of $81 million and a capital-to-asset ratio of 11.9 percent. Wesbanco previously announced the signing of a definitive agreement and plan of merger with the Albright Bancorp Inc. of Kingwood, W.V. It is anticipated that the Albright transaction will be consummated on or about Dec. 2, 1990. As of Dec. 31, 1990, Albright Bancorp Inc. had total assets of approximately $92 million. Wesbanco also previously announced the signing of a definitive agreement and plan of merger dated Oct. 11, 1991, providing for the merger of the Bank of Follansbee with and into WesBanco Bank Wheeling, a wholly owned subsidiary of Wesbanco Inc. Bank of Follansbee had total assets of approximately $18,400,000 as of June 30, 1991.
 Wesbanco Inc. currently has offices located in 16 locations throughout West Virginia. This merger will mark its first affiliate bank located outside the state of West Virginia. Upon consummation of the three mergers, Wesbanco will have a total of 25 offices in West Virginia and Ohio.
 -0- 11/25/91
 /CONTACT: Thomas G. Dove of Wesbanco, 304-234-9202/
 (WSBC) CO: Wesbanco Inc.; First National Bank of Barnesville ST: West Virginia, Ohio IN: FIN SU: TNM


KJ -- PG015 -- 7005 11/25/91 16:12 EST
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Publication:PR Newswire
Date:Nov 25, 1991
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