WesBanco to redeem Oak Hill Capital pass-through securities at 105.438

By Susanna Moon

Chicago, Aug. 12 - WesBanco, Inc. provided a notice of redemption to the holders of Oak Hill Capital Trust I

10.875% Fixed-Rate Capital Pass-Thru Securities and received the required regulatory approval for the redemption on Aug. 10, according to an 8-K filing with the Securities and Exchange Commission.

The securities will be redeemed at 105.438% of par plus accrued interest on Sept. 8. The total redemption price, excluding interest, will be about $5.3 million.

The Delaware trust was established by Oak Hill Financial, Inc., which merged with WesBanco on Dec. 1, 2007.

The trust owns junior subordinated debentures issued by the company, which also are being redeemed on Sept. 8.

The Bank of New York Mellon is the paying agent.

WesBanco is a bank holding company based in Wheeling, W.Va.

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