WesBanco says Farmers Capital debt securities to be redeemed May 1

By Angela McDaniels

Tacoma, Wash., March 14 – WesBanco, Inc. provided a redemption notice to the holders of Farmers Capital Bank Corp.’s fixed/floating-rate junior subordinated debt securities due 2037, according to an 8-K filing with the Securities and Exchange Commission.

The debt securities will be redeemed in full on May 1 at par plus accrued interest.

The aggregate redemption price, excluding accrued interest, will total about $23.2 million.

Farmers Capital Bank Trust III is a Delaware trust established in 2007 by Farmers Capital Bank, which was merged with and into WesBanco on Aug. 20, 2018. The trust owns junior subordinated debentures issued by WesBanco, which are also being redeemed on May 1.

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

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