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WesBanco Inc. Capital Trust I, 8.50% Trust Preferred Securities
Ticker Symbol: WSBCP* CUSIP: 950810309 Exchange: NNM
* NOTE: This security is no longer trading as of 6/30/2003
Security has been Called for: Monday, June 30, 2003
July 1, 2003 -- WesBanco, Inc. today announced that on June 30, 2003 it redeemed all of the 8.50% Junior Subordinated Deferrable Interest Debentures held by its trust subsidiary WesBanco Capital Trust I, by redeeming 1,265,000 shares of its outstanding 8.50% Cumulative Trust Preferred Securities (Nasdaq: WSBCP). The Trust Preferred Securities have been redeemed at a price of $10.00 per share plus accrued and unpaid interest. After June 30, 2003 holders of the Trust Preferred Securities will not have any further rights other than to receive $10.00 per share plus accrued interest through June 30, 2003, upon surrender of their Trust Preferred Securities to the Trustee.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: WesBanco Inc. Capital Trust I, formerly American Bancorporation Capital Trust I, 8.50% Cumulative Trust Preferred Securities, liquidation amount $10.00 per share, guaranteed by American Bancorporation, now part of WesBanco Inc. (Nasdaq: WSBC) , redeemable at the issuer's option on or after 4/30/2003 at $10 per share plus accrued and unpaid dividends, maturing 4/30/2028, distributions of 8.50% per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the 15th day of the month prior to the payment date. The company has the right, at any time, to defer interest payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 8.50% Junior Subordinated Deferrable Interest Debentures due 4/30/2028 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (WSBC)
IPO - 6/12/1998 - 1.10 Million Shares @ $10.00/share.
Link to IPO Prospectus
Market Value $12.7 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1 Bank Plaza, Wheeling, WV 26003 |
| Main Phone Number |
304-234-9000 |
| Fax Number |
304-232-3795 |
| Investor Contact (CFO)
Robert H. Young
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304-234-9000
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| Toll Free Phone Number |
800-328-3369 |
| CEO - Paul M. Limbert |
CFO - Robert H. Young |
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