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Article: WESBANCO TO ACQUIRE UNIVERSAL MORTGAGE COMPANY
- Article from:
- PR Newswire
- Article date:
- May 31, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHEELING, W.Va., May 31 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC) President & CEO, Edward M. George, today announced that WesBanco Mortgage Company, a wholly owned subsidiary of WesBanco, Inc., under the terms of a recently executed Agreement and Plan of Reorganization, has agreed to purchase the assets of Universal Mortgage Company of Bridgeport, West Virginia, and continue its operations in Bridgeport, Charleston, Elkins and Huntington.
The purchase of Universal Mortgage Company, which is subject to approval by the appropriate regulatory agencies, will be accomplished in an exchange of voting shares of the common stock of WesBanco, Inc. for the assets and ...