WesBanco (WSBC) merger with Old Line Bancshares (OLBK)

WesBanco completed its merger with Old Line Bancshares on 11/22/2019 for WesBanco stock.

The SEC filing for this merger can be found through the new web site at:

https://www.snl.com/Cache/c399299115.html. The tax consequences are described starting on page 98.



This merger is a simple merger. The merger is designed to be tax-free to OLBK and WSBC shareholders. The information below is based on the information available from a form S-4/A filed with the SEC. Price information is from websites offering historical prices.


The Merger Entry

Go to Transactions > Merger or Accounting > Securities > Record merger of securities depending on the version of the software being used. If you are unfamiliar with merger transactions you can get help at this URL: https://www.iclub.com/support/kb/default.asp?page=normal_merger


Here is the information you need to complete the merger.

  • Date: 11/22/2019
  • Old Security or Merging Company: Old Line Bancshares (OLBK)
  • Price per share of old Security / OLBK:  Use OLBK from last valuation, if needed
  • Cash received:  See your broker statement for cash-in-lieu
  • New Security: WesBanco (WSBC)
  • New Security Price: 36.69 (Average of opening and closing prices on 11/22/19)
  • Shares received :  .7844 x (#of OLBK shares owned)
    • (Remember to include fractional shares.)

 For example, if you owned 100 OLBK shares, you should receive .7844 x 100 = 78.44 WSBC shares.

Save the transaction and the merger has been entered.