WHEELING, W.Va., Feb. 10,
2022 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a
diversified, multi-state bank holding company, announces that its
affiliate, WesBanco Bank has been named the #10 Best Bank in
America by Forbes. The 2021 ranking is WesBanco's twelfth
year on the list since its inception in 2010, and third year in a
row in the top 12. The Forbes annual list ranks the 100
largest publicly traded banks and thrifts by assets based on ten
metrics related to growth, credit quality, and profitability.
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"WesBanco is thrilled to again be named one of the ten best
banks in America by Forbes," said Todd F.
Clossin, WesBanco President and Chief Executive Officer.
"We strive to offer the tools and support our clients need
during every step of their financial journey, and this endorsement
from Forbes proves to our current customers, and community members
searching for a new banking partner, that WesBanco has the
capabilities and track record to provide ongoing financial success.
We have always championed the community first, which has
empowered our customers to make confident financial choices to
reach their personal and professional goals."
Mr. Clossin continued, "We have spent the past 150 years focused
on nurturing relationships with our neighbors and community
businesses. This focus only grew throughout the pandemic,
proven by the dedication of our employees who worked tirelessly to
maintain a sense of security and community for the tens of
thousands of customers WesBanco serves daily. By not losing
touch with our hometown banking roots, including building
relationships within our communities and prioritizing the customer
experience, we have been able to deliver a premier financial
institutional experience across all markets."
WesBanco prides itself on delivering large bank capabilities
with a community bank feel; and, it's services include the full
range of online and mobile banking options; business and personal
transaction account options and competitive lending services; a
full suite of commercial banking products and services; and trust,
wealth management, securities brokerage, and private banking
services through the century-old Trust and Investment Services
department.
Forbes has worked with S&P Global Market Intelligence for 13
years on its America's Best Banks ranking, which is based on
metrics related to growth, credit quality, and profitability
through September 30, 2021.
These metrics include operating revenue growth, return on average
tangible common equity, return on average assets, net interest
margin, net charge-offs as a percentage of total loans,
nonperforming assets as a percentage of assets, reserves as a
percentage of nonperforming assets, CET1 ratio (which compares a
bank's capital against its risk-weighted assets), and risk-based
capital ratio.
About WesBanco, Inc.
Founded in 1870,
WesBanco, Inc. (www.wesbanco.com) 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. 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, WesBanco provides trust, wealth management, securities
brokerage, and private banking services through our century-old
Trust and Investment Services department, with approximately
$5.6 billion of assets under
management (as of December 31, 2021).
WesBanco's banking subsidiary, WesBanco Bank, Inc., operates
205 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. Additionally, WesBanco
operates an insurance agency, WesBanco Insurance Services, Inc.,
and a full service broker/dealer, WesBanco Securities, Inc.
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SOURCE WesBanco, Inc.