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S&T Bancorp Inc and Integrity Bancshares Inc. announce merger

7:35am EDT

S&T Bancorp Inc adn Integrity Bancshares Inc:Jointly said signing of definitive merger agreement.Pursuant to which S&T will acquire Integrity Bancshares, Inc. for $52.50 per share in 80 pct stock and 20 pct cash transaction.Transaction will have an aggregate value of about $155 mln.Merger will expand S&T Bancorp's footprint into south-central Pennsylvania including Lancaster, York, Dauphin and Cumberland counties.Says on a combined basis, S&T Bancorp will have about $5.8 bln in total assets.Keefe, Bruyette & Woods, Inc. acted as financial advisor to S&T Bancorp, Inc. and Sandler O'Neill + Partners, L.P. to Integrity Bancshares, Inc.Arnold & Porter LLP served as legal counsel for S&T Bancorp, Inc. and Rhoads & Sinon LLP for Integrity Bancshares, Inc.

Wesbanco Inc announces agreement and plan of merger with ESB Financial Corporation

Wednesday, 29 Oct 2014 05:09pm EDT

Wesbanco Inc and ESB Financial Corporation:Executes definitive Agreement and Plan of Merger providing for merger of ESB with and into WesBanco.Under the terms of the Agreement and Plan of Merger, which has been unanimously approved by the board of directors of both companies, WesBanco will exchange combination of its common stock and cash for ESB common stock.ESB shareholders will receive 0.502 shares of WesBanco common stock and cash in the amount of $1.76 per share for each share of ESB common stock for a total value of about $17.65 per share or $324.4 mln in aggregate.Exchange ratio is based on the average closing price of WesBanco common stock of $31.66 over the 15 day period ending on Oct. 27.Merger is expected to qualify as a tax-free reorganization.Financial advisors involved in the transaction were FBR Capital Markets & Co., representing WesBanco, and Mufson Howe Hunter & Company, LLC, representing ESB.Legal representation in the transaction include Phillips Gardill Kaiser & Altmeyer PLC, Wheeling, WV, and K&L Gates LLP, Pittsburgh, PA, for WesBanco, and Silver, Freedman, Taff & Tiernan LLP, Washington, D.C., for ESB.

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Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: VRS (Valuation & Research Specialists)
$75.00

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