These excerpts taken from the WSBC 10-K filed Mar 12, 2008.
WEB SITE ACCESS TO WESBANCOS FILINGS WITH THE SECURITIES AND EXCHANGE COMMISION
All of WesBancos electronic filings for 2007 filed with the Securities and Exchange Commission (SEC), including this Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to these reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, are made available at no cost on WesBancos website, www.wesbanco.com, through the Investor Relations link as soon as reasonably practicable after WesBanco files such material with, or furnishes it to, the SEC. WesBancos SEC filings are also available through the SECs website at www.sec.gov.
Upon written request of any shareholder of record on December 31, 2007, WesBanco will provide, without charge, a printed copy of its 2007 Annual Report on Form 10-K, including financial statements and schedules, as required to be filed with the SEC. To obtain a copy of the 2007 Annual Report on Form 10-K, contact: Linda Woodfin, WesBanco, Inc., 1 Bank Plaza, Wheeling, WV 26003 (304) 234-9201.
All of WesBancos electronic filings for 2007 filed
FACE="Times New Roman" SIZE="2">Upon written request of any shareholder of record on December 31, 2007, WesBanco will provide, without charge, a printed copy of its 2007 Annual Report on Form 10-K, including financial statements and
Competition in the form of price and
SIZE="2">SUPERVISION AND REGULATION
As a bank holding company and a financial holding company under federal law, WesBanco is subject
As indicated above, WesBanco presently owns two
WesBanco is also under the jurisdiction of the SEC and certain
acquire banks in states other than its home state, subject to certain limitations. The Riegle-Neal Act also authorizes banks to merge across state lines, thereby creating interstate banking. Banks are also permitted to acquire and to establish de
novo branches in other states where authorized under the laws of those states.
Under the BHCA, prior Federal Reserve Board approval is
The Federal Reserve
FACE="Times New Roman" SIZE="2">PAYMENT OF DIVIDENDS
Dividends from the subsidiary banks are a significant source of funds for
regulations set forth in Section 325.105 of the FDIC Regulations, immediately upon a state non-member bank receiving notice, or being deemed to have notice, that the bank is undercapitalized, significantly undercapitalized, or critically
undercapitalized, as defined in Section 325.103 of the FDIC Regulations, the bank is precluded from being able to pay dividends to its shareholders based upon the requirements in Section 38(d) of the FDI Act, 12. U.S.C. § 1831o(d).
However, as indicated elsewhere in this discussion, as of December 31, 2007, the subsidiary banks were well capitalized
West Virginia Commissioner of Banking would be required if the total of all dividends declared by the Bank in any calendar year would exceed the total of the Banks net profits for that year combined with its retained net profits of the
proceeding two years. In addition, Section 31A-4-25 limits the ability of a West Virginia banking institution to pay dividends until the surplus fund of the banking institution equals the common stock of the banking institution and if certain
specified amounts of recent profits of the banking institution have not been carried to the surplus fund.
If, in the opinion of the
FACE="Times New Roman" SIZE="2">FDIC INSURANCE
WesBanco Bank and Oak Hill Banks are classified by the FDIC as well-capitalized and