Item
8.01 OTHER
EVENTS.
On
March
4, 2008, WesBanco, Inc. (“WesBanco”) filed an 8-K that indicated that, among
other items, previously agreed upon transactions to sell five Oak Hill branches
were expected to close in April 2008. Effective the close of business
April 11, 2008, the agreements to sell the five branches were executed and
the
related transactions were completed with First State Bank of Adams County,
a
subsidiary of First State Bancorp, Inc., headquartered in Winchester, Ohio
and Vinton County
National Bank of McArthur, a subsidiary of Community Bancshares, Inc.,
headquartered in McArthur, Ohio. Collectively, the transactions
represent a blended premium of approximately 7.4% on deposits of $65.1
million. Loans totaling $33.9 million and other assets totaling $2.4
million are also included in the transactions. It is currently
anticipated that the premium, net of allocable core deposit intangible basis
from their acquisition at November 30, 2007, will be netted against originally
recorded goodwill, and as a result, no income statement impact is currently
anticipated from the completion of this transaction.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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WesBanco,
Inc.
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(Registrant)
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April
17, 2008
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/s/
Robert H. Young
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Date
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Robert
H. Young
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Executive
Vice President and
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Chief
Financial Officer
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