WesBanco

Wesbanco, Inc
Public
Traded as NASDAQ: WSBC
Industry Financial, Investments, and Insurance
Founded Wheeling, West Virginia, USA (January 20, 1870)
Headquarters 1 Bank Plaza,
Wheeling WV 26003
Key people
 Todd F. Clossin (chairman)
Products Retail Banking
Consumer Finance
Investment Banking
Number of employees
 1368 [1]
Website www.wesbanco.com

WesBanco is a bank holding company headquartered in Wheeling, West Virginia. Initially chartered on January 20, 1870 as "The German Bank,[2] The bank is the namesake of the WesBanco Arena which is home to the Wheeling Nailers hockey team. WesBanco has 142 branches throughout West Virginia, Ohio, and Western Pennsylvania.[3][4] It is the largest bank based in West Virginia, the second-largest behind BB&T based on total deposits in the state, and the only one with a significant presence outside of the state. Among major markets served include Pittsburgh, Columbus, Charleston, and Dayton.

WesBanco Bank, Inc., is a Member FDIC. Deposit and nondeposit products are available through the WesBanco companies. Nondeposit investment products including mutual funds, and insurance products including annuities, are not insured by the FDIC, or any other government agency, are not deposits or other obligations of, or guaranteed by the bank or its affiliates, and are subject to investment risks including the potential loss of principal.

In late 2012 Wesbanco merged with the Pittsburgh-based Fidelity Bancorp Inc. Remaining Fidelity branches will be converted into Wesbanco branches.[5] It further expanded its Pittsburgh-area presence with the purchase of Ellwood City-based ESB Financial Corporation in late 2014, converting those branches to WesBanco in April 2015.[4] The two deals placed WesBanco among the top ten banks in the Pittsburgh metropolitan area by deposits, after it had a handful of branches it opened organically in Washington, Pennsylvania.[4]

References

  1. ↑ http://finance.yahoo.com/q/pr?s=WSBC
  2. ↑ http://www.wesbanco.com/website/History.asp
  3. ↑ http://www.nasdaq.com/symbol/wsbc|publisher=Nasdaq.com
  4. 1 2 3 Merger costs trim WesBanco's 1Q profit Pittsburgh Business Times (04/29/2015)
  5. ↑ Tascarella, Patty. "WesBanco/Fidelity deal may close Friday". American City Business Journals. Retrieved 7 January 2013.

External links


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