WesBanco plans to redeem $4.1 million Guaranty Financial debentures

By Sarah Lizee

Olympia, Wash., Aug. 29 – WesBanco, Inc. plans to redeem its Guaranty Financial Services, Inc. floating-rate junior subordinated deferrable interest debentures due 2033, according to an 8-K filing with the Securities and Exchange Commission.

The debentures will be redeemed in full on Sept. 26 at par plus accrued interest to the redemption date for a total redemption price of about $4.1 million.

Guaranty Financial Statutory Trust I was established in 2003 by Guaranty Financial Services, which was merged with and into WesBanco in April as a result of WesBanco’s acquisition of First Sentry Bancshares, Inc. The trust owns junior subordinated debentures issued by the company which are also being redeemed on Sept. 26.

U.S. Bank NA is the paying agent.

WesBanco is a bank holding company based in Wheeling, W.Va.

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