Fidelity Bancorp, Inc. Shareholders Approve Merger With WesBanco, Inc.; Merger Closing Date Announced
November 27 2012 - 5:20PM
Marketwired
Fidelity Bancorp, Inc. (NASDAQ: FSBI) announced that a Special
Meeting of Shareholders was held today. At the meeting,
shareholders approved the Agreement and Plan of Merger, dated July
19, 2012, by and among Fidelity Bancorp, Inc., Fidelity Savings
Bank, WesBanco, Inc. and WesBanco Bank, Inc. and the transactions
contemplated thereby. Shareholders also approved a non-binding
advisory resolution regarding the compensation payable to the named
executive officers in connection with the merger. It was also
announced that the parties expect the merger to close on November
30, 2012.
Under the merger agreement, Fidelity's shareholders will receive
0.8275 shares of WesBanco common stock and $4.50 in cash for each
share of Fidelity common stock held.
Fidelity Bancorp, Inc. is the holding company for Fidelity Bank,
a Pennsylvania-chartered, FDIC-insured savings bank conducting
business through thirteen offices in Allegheny and Butler
counties.
Statements contained in this news release which are not
historical facts are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors, which
include, but are not limited to, factors discussed in documents
filed by Fidelity Bancorp, Inc. with the Securities and Exchange
Commission from time to time.
Contact: Mr. Richard G. Spencer President and Chief
Executive Officer (412) 367-3303 ext. 3121 E-mail: Email
Contact
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