WesBanco Inc., a diversified, multi-state bank holding company headquartered in Wheeling, West Virginia, has authorized the adoption of a new stock repurchase plan for the purchase of up to an additional 1.7 million shares of WesBanco common stock representing approximately 2.5 percent of outstanding shares on the open market.
This new stock repurchase authorization is in addition to the existing stock repurchase program approved by WesBanco’s board in 2015, which has approximately 885,000 shares remaining for repurchase and will continue to be utilized until such authorization is completed.
The timing, price and quantity of purchases will be at WesBanco’s discretion. The repurchase program does not obligate WesBanco to repurchase any minimum number of shares and may be modified, suspended or discontinued at any time. The stock repurchase plan is not subject to an expiration date.
