WesBanco Inc. has announced that it will redeem all outstanding shares of its 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, along with all associated depositary shares. The redemption will occur on November 15, 2025, at a price of $1,000 per preferred share, or $25.00 per depositary share. The redemption will be funded with proceeds from WesBanco's recent public offering of depositary shares for its new 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. Following the redemption, the Series A preferred stock and related depositary shares will no longer be outstanding or traded, and dividends will cease to accrue. Holders of record as of November 1, 2025, will receive the final quarterly dividend separately on the redemption date.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WesBanco Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NE14153) on November 04, 2025, and is solely responsible for the information contained therein.
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