Latest LPO advances company's strategic growth
in Tennessee
WHEELING, W.Va., Aug. 15,
2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:
WSBC), a diversified, multi-state bank holding company, announced
today that it has opened a new loan production office (LPO) to
serve the commercial lending needs of the fast-growing Chattanooga, Tennessee metropolitan market.
The Chattanooga LPO, WesBanco's second in Tennessee, is another step in the execution of
the company's long-term, sustainable growth strategy, which
includes opening LPOs in attractive major markets adjacent to its
existing footprint.
WesBanco opened a successful LPO in the Nashville, Tennessee area in 2022. With the
opening of the Chattanooga LPO, the company extends its commercial
lending capabilities to tap opportunity in another of the state's
strong growth areas. Tennessee's
economy and population are among the fastest-growing in the nation,
according to government agency estimates.
"We are pleased to continue to advance our strategic growth in
Tennessee with the opening of a
commercial loan production office in the up-and-coming Chattanooga market. The business landscape is
diverse and dynamic, and we've brought on a proven team that is
primed to bring WesBanco's strength, stability and lending capacity
to support customers' growth needs," said Jeffrey Jackson, President and Chief Executive
Officer, WesBanco. "WesBanco strives to be an integral part of the
communities where we operate, and as a Chattanooga native, I look forward to seeing
us grow strong roots and rewarding relationships in this vibrant
region."
WesBanco's banking affiliate, WesBanco Bank, has hired a team of
industry veterans with deep roots in the region to launch the LPO,
develop new client relationships and drive growth across the
commercial banking spectrum. Adam
Thomas leads the LPO as City President and Senior
Commercial Banker. He is joined by Brian
Paris, Senior Vice President, Senior Commercial Banker
and Team Lead; Stephen
Ratterman, Senior Vice President and Commercial Banker;
Michael Feher, Associate Vice
President and Commercial Banker and Avery Smith, Associate Vice President and
Portfolio Manager. Together, they bring decades of commercial
lending experience, regional relationships and community engagement
to the LPO.
"WesBanco has a long and respected legacy as a trusted financial
institution and community partner, and we are thrilled to help
expand its capabilities and commitment to the Chattanooga region," said Thomas. "Our goal is
to be a valued financial partner to local businesses, providing
them with tailored loan solutions that meet their unique needs.
Through exceptional customer service and our deep understanding of
the local market, we look forward to significantly impacting the
business landscape in Chattanooga."
WesBanco has earned a series of accolades for soundness and
profitability, customer service, employer of choice and community
development, including its eighth consecutive "Outstanding" FDIC
Community Reinvestment Act rating and repeated rankings on
Forbes' America's Best Banks, World's Best Banks and
America's Best Mid-Size Employers lists.
The Chattanooga LPO is located at 325 Cherokee Boulevard, Suite
201, Chattanooga, Tennessee
37405.
About Wesbanco, Inc.
Founded in 1870, Wesbanco, Inc.
is a diversified and balanced financial services company that
delivers large bank capabilities with a community bank feel. Our
distinct long-term growth strategies are built upon unique
sustainable advantages permitting us to span six states with
meaningful market share. The company's banking subsidiary, Wesbanco
Bank, Inc., operates more than 190 financial centers in the states
of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. Built upon our 'Better Banking
Pledge', our customer-centric service culture is focused on growing
long-term relationships by pledging to serve all personal and
business customer needs efficiently and effectively. In addition to
a full range of online and mobile banking options and a full-suite
of commercial products and services, the company provides trust,
wealth management, securities brokerage, and private banking
services through its century-old Trust and Investment Services
department, with approximately $5.1
billion of assets under management (as of June 30, 2023).The company also offers insurance
and brokerage services through its affiliates and subsidiaries.
Learn more at www.wesbanco.com and follow us on Facebook, LinkedIn
and Twitter.
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SOURCE WesBanco, Inc.