WesBanco, Inc. (Nasdaq: WSBC) and First Sentry Bancshares, Inc. (OTC Pink: FTSB) have announced that they have reached a definitive agreement and plan of merger for First Sentry to merge into WesBanco.
D.A. Davidson & Co. served as exclusive financial advisor to WesBanco in the transaction.
Under the agreement, WesBanco will exchange shares of its common stock for First Sentry common stock. As of Sept. 30, WesBanco had consolidated assets of approximately $9.9 billion, deposits of $7.1 billion, loans of $6.4 billion and shareholders’ equity of $1.4 billion. Also as of Sept. 30, First Sentry had consolidated assets of approximately $666 million, deposits of $527 million, loans of $455 million and shareholders’ equity of $52 million.
Find the full details and transaction announcement here.