Fidelity Bancorp Shareholder Alert: The Briscoe Law Firm & Powers Taylor, LLP Investigate Merger of Fidelity Bancorp, Inc. in...

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the merger of Fidelity Bancorp, Inc. (“Fidelity” or “FSBI”) (NASDAQ: FSBI) into WesBanco, Inc. for shareholders. Under the proposed transaction, Fidelity/FSBI shareholders will only receive 0.8275 shares of WesBanco common stock and cash in the amount of $4.50 for each share of Fidelity stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

Under the terms of the definitive agreement and Plan of Merger, WesBanco will exchange a combination of common stock and cash for Fidelity common stock. The transaction is valued at approximately $70.8 million and is expected to close late in the fourth quarter of 2012 or early 2013.

The investigation centers on whether Fidelity shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Fidelity stock, and whether Fidelity’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. “Due to the lack of a significant premium to the shareholders and other factors, we believe that the transaction may undervalue Fidelity stock. Our lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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