- Company also announces retirement of
Jon Dargusch -
WHEELING, W.Va., Jan. 18,
2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a
diversified, multi-state bank holding company, announced today that
it has promoted Scott Love to
Executive Vice President, Wealth Management succeeding Jon Dargusch, who retired effective December 31, 2022. In his new role, Mr. Love will
be responsible for WesBanco Trust and Investment Services ("WTIS"),
a division of WesBanco Bank, the banking subsidiary of WesBanco,
Inc., including investment advisory services to the WesMark Funds,
WesBanco Securities Inc., WesBanco Insurance Services Inc., and
private client services.
"This is an exciting time in the 100-year history of WesBanco
Wealth Management which has helped thousands of individuals,
businesses, government entities, and charitable organizations
develop plans to build and preserve wealth and achieve financial
goals," said Jayson M. Zatta, Senior
Executive Vice President and Chief Banking Officer for WesBanco. "I
am pleased to announce the promotion of Scott to lead our wealth
management division, as his experience and leadership have prepared
him for this role. I would also like to give my heartfelt thanks to
Jon Dargusch for his hard-work and
dedication over the past decade as he grew our wealth management
business to the premier entity it is today, and wish him the best
in his well-deserved retirement."
Mr. Zatta continued, "For more than 150 years, our commitment to
serving our neighbors and their businesses has never wavered, and
our success is due to the outstanding efforts of our employees and
market leaders. Their efforts allowed us to be recognized as the
only midsize bank in the country to receive top ten honors for both
employee satisfaction and financial success, as well as being named
one of America's most trusted companies."
Mr. Love, who has more than 20 years of investment research and
portfolio management experience, joined WTIS during 2012 and was
named Executive Vice President, Chief Investment Strategist and
Chair of the Chief Investment Office in February 2021. Mr. Love has earned the Chartered
Alternative Investment Analyst (CAIA®) designation from
the Chartered Alternative Investment Analyst Association, and the
Chartered Investment Management Analyst (CIMA®)
designation from the Investment Management Consultants Association.
He earned a Bachelor of Arts in Business Administration with an
emphasis in Finance from Baldwin-Wallace
College and a Master of Business Administration with a
concentration in Banking and Finance from the Weatherhead School of
Management at Case Western Reserve
University.
Mr. Dargusch joined WesBanco during 2011 as Executive Vice
President, Wealth Management. His leadership and vision were
critical to the growth and success of wealth management. He was
instrumental in building WesBanco's private client services, which
has approximately $1 billion in loans
and deposits across 4,000 relationships (as of September 30, 2022), as well as expanded the
capabilities of WTIS, the WesMark Funds, WesBanco Securities, Inc.,
and WesBanco Insurance Services, Inc. Furthermore, he oversaw the
growth in assets under management of approximately 60% to
$4.6 billion (as of September 30, 2022).
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. Furthermore, our strong financial
performance and employee focus has earned us recognition by Forbes
as both one of America's Best Banks and Best Midsize Employers –
the only midsize bank making the top ten of both rankings. 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 $4.6
billion of assets under management (as of September 30, 2022). WesBanco's banking
subsidiary, WesBanco Bank, Inc., operates 194 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.
WesBanco Bank, Inc. is a Member FDIC. WesBanco Trust and
Investment Services may invest in insured deposits or non-deposit
investment products. Non-deposit investment products are not FDIC
insured, not bank guaranteed, not insured by any government entity
and are subject to investment risk, including the risk of possible
loss of the principal amount invested.
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SOURCE WesBanco, Inc.