Wesbanco, Inc. · NASDAQ:WSBC
Wesbanco — Merger or Acquisition (August 2004)
9 slides from Wesbanco's merger presentation, Aug 27, 2004
Slide 1: OOUBISI
& OOUBISI
Slide 2: Transaction Summary
Wai LRANSACTION SUMMARY i’ Price Per Share i’ Exchange Ratio =» Consideration Structure ”» Transaction Value =” Shares Issued i Expected Cost Savings ‘= Merger-Related Charges it CDI Created =’ Closing $20.75 0.755x (fixed exchange, no collar) 60% Stock ; 40% Cash $102.5 million (with options) 2,086
Slide 3: WesBanco's Opportunities
WesBanco WINTON FINANCIAL CORPORATION WesBanco’s Opportunities > Improved mortgage origination and processing capabilities > Further diversification of our balance sheet im Access to quality employees im New markets to sell products and services 1) Commercial Bank services 2) Trust & Investment serv
Slide 4: Organizational Structure
Wary ORGANIZATIONAL STRUCTURE A) Directors 1 ) Independent Holding Company Director 2 ) Bank Director B) Separate Region 1) Merge bank into WesBanco Bank - separate _ Cincinnati region/name: WesBanco-Cincinnati. 2 ) Maintain existing market leadership. 3 ) Maintain regional advisory board. 4 ) Price
Slide 5: Organizational Structure
Way ORGANIZATIONAL STRUCTURE C) Revenue Enhancements / Cost Savings 1) Will keep & most likely expand customer contact employees. 2) Add commercial lenders and trust, securities and insurance officers. 3) Expand organizational mortgage originations and processing capabilities. 4) Cost savings projec
Slide 6: Springfield / Cincinnati Expansion
WesBanco SPRINGFIELD / CINCINNATI EXPANSION Wht eDos TA Ey No Labegon Lancaster” Loaai, ae bs by al “sgimeste f Mathur, 5 “ “(0 Hilloro —— Wavetty weston Hants ee Grantville, Sisson Geena tov f Everdieen ’ Spencer et Union? Portsmouth) Blade, Webster Springs {Prmthiarta —_Flemingsburg ° View, m fz)
Slide 7: Pro Forma Summary
Wwe PROFORMA SUMMARY (8's in millions, except per share data) As of June 30, 2004 WSBC@ WFI Pro forma® Impact Assets $3,922 $554 $4,538 15.7% Net Loans 2,343 505 2,851 wt Deposits 2,705 367 3,073 13.6 Equity 354 46 418 = 18.2 Tier I Capital 13.77% 11.50% 11.88% (13.7) Book Value Per Share $16.98 $9.
Slide 8: Loans by State
wang = LOANS BY STATE ‘WesBanco at 6/30/2004 With Western Ohio at 6/30/2004 OUTSIDE we OUTSIDE aa Ld INW NW . an 68% 79% [With Winton at 6/30/2004| OUTSIDE wy 44% INWY 56%
Slide 9: Deposits by State
wang DEPOSITS BY STATE ‘WesBancoat 6/30/2004 ‘With Western Ohio at 6/30/2004 OUTSIDE Ww OUTSIDE bid we Inw 71% INWw 21% 79% [With Winton at 6/30/2004| INWY 63% OUTSIDE wy 37%