WOFC Western Ohio Financial (MM)

Western Ohio Financial Corporation Announces Approval to Merge with WesBanco SPRINGFIELD, Ohio, Aug. 17 /PRNewswire-FirstCall/ -- John W. Raisbeck, President and Chief Executive Officer of Western Ohio Financial Corporation (NASDAQ:WOFC)("Western Ohio"), announced today that the shareholders of Western Ohio have approved the merger of Western Ohio with and into WesBanco, Inc. (NASDAQ:WSBC). The merger, which was previously announced on April 1, 2004, and approved by the Federal Reserve Bank of Cleveland and the State of West Virginia Banking Department was approved on August 17, 2004 by Western Ohio's shareholders and is scheduled to be consummated on August 31, 2004. Under the terms of the Agreement and Plan of Merger, WesBanco will exchange a combination of its common stock and cash for Western Ohio common stock. Western Ohio shareholders will be able to elect a fixed ratio of 1.18 shares of WesBanco common stock or $35.00 in cash. The election is subject to certain limitations including that 55% of Western Ohio's outstanding shares be exchanged for WesBanco common stock. Common stock received by Western Ohio shareholders is anticipated to qualify as a tax-free exchange. Western Ohio's affiliate, Cornerstone Bank, operates seven offices located in three counties, Clark, Greene, and Montgomery, in the Dayton/Springfield, Ohio MSA. With the consummation of this merger, WesBanco will have assets in excess of $3.9 billion and will operate 80 banking offices in West Virginia, Ohio and Pennsylvania. DATASOURCE: Western Ohio Financial Corporation CONTACT: John W. Raisbeck, President and CEO of Western Ohio Financial Corporation, +1-937-327-1112; or Paul M. Limbert, President and CEO of WesBanco, Inc., +1-304-234-9206

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