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WesBanco calls $36.1 million ESB Capital Trust junior subordinated debentures
By Marisa Wong
Madison, Wis., March 17 – WesBanco, Inc. plans to redeem its ESB Capital Trust IV fixed/floating-rate junior subordinated deferrable debentures in full on May 11, according to an 8-K filed with the Securities and Exchange Commission.
The securities will be redeemed at par of $1,000 plus accrued interest to the redemption date. The redemption price, excluding accrued interest, will total about $36.1 million.
ESB Capital Trust IV is a trust established in 2005 by ESB Financial Corp., which was merged with and into WesBanco on Feb. 10. The trust owns junior subordinated debentures issued by the WesBanco, which are also being redeemed on May 11.
WesBanco is a bank holding company based in Wheeling, W.Va.
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