WHEELING, W.Va. — In an effort to build its presence in Ohio and West Virginia, Wesbanco Inc. said Thursday that it would buy American Bancorp in a stock deal valued at $77 million.

Both companies are based in Wheeling.

The deal, which is expected to close in the third quarter, calls for $2.3 billion-asset Wesbanco to exchange 1.1 of its shares for each share of American, the $705 million-asset parent of Wheeling National Bank.

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