E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers W > Headlines for WesBanco, Inc. > News item
Published on 6/15/2018 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

WesBanco redeems $8 million First Financial subordinated debentures

By Sarah Lizee

Olympia, Wash., June 15 – WesBanco, Inc. redeemed its First Financial Service Corp. fixed-rate junior subordinated deferrable interest debentures due 2038 in full on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The debentures were redeemed at par plus accrued interest for a total redemption price of about $8 million.

First Federal Statutory Trust III was established in 2008 by First Financial Service, which was merged with and into WesBanco, Inc. in September 2016 as a result of WesBanco's acquisition of Your Community Bankshares. The trust owns junior subordinated debentures issued by WesBanco, which were also redeemed on Friday.

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


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.