Wesbanco

-7.97%

WesBanco is a regional bank holding company headquartered in Wheeling, West Virginia. It was founded in 1870 and has evolved over the years to become one of the largest and most well-established banks in the region. The company operates more than 200 branch locations and offers a wide range of financial services including personal and business banking, wealth management, insurance, and investment services. WesBanco prides itself on its strong customer relationships and commitment to community involvement.

1. Long history: Wesbanco has been in operation since 1870, making it one of the oldest and most established banks in the United States.
2. Strong financial stability: With over $17 billion in assets and a consistently strong financial performance, Wesbanco is considered a financially stable and secure institution.
3. Community involvement: Wesbanco has a strong focus on community involvement and giving back to the communities where it operates. The company regularly supports local charities and volunteer initiatives.
4. Customer-centric approach: Wesbanco prides itself on its customer service, aiming to build long-term relationships with its clients and provide personalized banking solutions to meet their needs.
5. Diverse range of services: In addition to traditional banking services, Wesbanco offers a wide range of financial products and services including wealth management, insurance, and investment advisory services.
6. Technology-driven: Wesbanco is committed to leveraging technology to enhance its customers' banking experience. The company offers online and mobile banking services, making it convenient for customers to manage their finances.
7. Employee satisfaction: Wesbanco has been recognized for its workplace culture and employee satisfaction, earning awards such as “Best Bank to Work For” from American Banker magazine.
8. Expansion: Despite its long history, Wesbanco continues to expand its presence through strategic acquisitions and opening new branches, providing more customers with access to its services.
9. Strong leadership: With a team of experienced and knowledgeable leaders, Wesbanco has built a strong reputation in the banking industry.
10. Commitment to ethical practices: Wesbanco has a strong commitment to ethical business practices, and the company's leadership emphasizes honesty, integrity, and transparency in all its operations.

WesBanco is a diversified financial services company with a community focus. Their business model is centered around providing a wide range of financial products and services to customers in the communities they serve. This includes personal and commercial banking products, such as checking and savings accounts, loans, mortgages, and investment services. They also offer insurance and wealth management services through their subsidiary companies. WesBanco's business model is focused on building long-term relationships with customers and providing personalized solutions to meet their financial needs. Additionally, they aim to contribute to the economic growth and development of the communities they operate in by supporting local businesses and organizations.

1. Wesbanco was founded in 1870 as the Wheeling Savings and Loan Company in Wheeling, West Virginia.
2. It operates as a multi-state financial services holding company with over 240 branches in West Virginia, Ohio, Pennsylvania, and Kentucky.
3. The name Wesbanco was adopted in 1977 when the company was converted from a mutual savings and loan to a public company.
4. Wesbanco has been publicly traded on the NASDAQ under the ticker symbol WSBC since 1984.
5. In 2009, during the financial crisis, Wesbanco was one of the few banks to receive TARP (Troubled Asset Relief Program) funds from the government.
6. In 2015, Wesbanco acquired Tower Bancorp, expanding its operations in Pennsylvania.
7. In 2018, Wesbanco acquired Farmers Capital Bank Corporation, further expanding its presence in Kentucky.
8. As of 2021, Wesbanco has over $16 billion in assets and is one of the top 100 largest banks in the United States.
9. Wesbanco has received numerous awards and recognitions for its financial performance, community service, and workplace culture, including being named a Best Bank To Work For and Top Workplaces by various publications.
10. In addition to traditional banking services, Wesbanco offers investment and insurance services through its subsidiary, WesBanco Securities, Inc.
11. The company is committed to giving back to the communities it serves through its corporate philanthropy program, WesBanco Cares, which supports various nonprofit organizations and initiatives.
12. Wesbanco has a long history of supporting education, and in 2015, it established the Wesbanco Scholars Program, providing scholarship funds to high-achieving students in its markets.