Award recognizes banks and credit unions for
extraordinary efforts to promote savings during America Saves
Week
WHEELING, W.Va., June 13,
2023 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a
diversified, multi-state bank holding company, announces that its
affiliate, WesBanco Bank, has earned the 2023 Designation of
Savings Excellence (DOSE) award from America Saves. The award is
given annually to banks and credit unions that made extraordinary
efforts to promote positive savings behaviors in their communities
during the America Saves Week campaign.
WesBanco is one of only 15 recipients to be honored this year
out of more than 3,900 organizations who participated in the 2023
campaign. This is the eighth consecutive year America Saves has
recognized WesBanco for exceptional achievement.
"WesBanco is proud to partner with America Saves and to receive
the Designation of Savings Excellence Award for our efforts to help
people achieve their financial goals. We seek to be not only a bank
but a source of comprehensive financial guidance, equipping people
with the knowledge and tools to make informed decisions and plan
effectively for what matters most to them," said Jennifer Mott, Executive Vice President, Retail
Banking, WesBanco. "Our longstanding participation in America Saves
Week is an important way we join forces with organizations across
the country to share the message of financial empowerment through
savings."
As part of its America Saves Week activities, WesBanco promoted
and enrolled individuals in its Savers program, which provides
subscribers with financial literacy information from national
experts. Other initiatives included financial literacy outreach
programs hosted in collaboration with community organizations and
the Split-to-Save program, which encourages employees to direct a
portion of their regular pay to a savings goal. In addition,
WesBanco actively encourages savings year-round with unique
products designed to promote personal savings and through the
collective efforts of its employees who dedicate thousands of hours
per year to savings education programs such as Teach Children to
Save and Get Smart about Credit.
"America Saves has the distinct honor of working with financial
institutions that actually care about their customers and members,"
said Kia McCallister-Young, Director
of America Saves. "That has always been a stand-out point to me,
that the organizations that participate in America Saves Week go
the extra mile. There is no requirement to be a part of this
campaign; they're here because they WANT to be, and they believe in
the message of helping their employees, constituents, and community
be more financially confident. We're thrilled to be able to honor
these banks and credit unions and highlight their hard work."
The 2023 America Saves Week campaign reached nearly nine million
people who deposited more than $788
million into new or existing savings accounts. The DOSE
award is the latest in a series of accolades for WesBanco 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.
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
billion of assets under management (as of March 31, 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.
About America Saves
America Saves is a campaign managed by the nonprofit
Consumer Federation of America that uses the principles of
behavioral economics and social marketing to motivate, encourage,
and support low-to-moderate income households to save money, reduce
debt, and build wealth. America Saves encourages individuals and
families to take the America Saves pledge and organizations to
promote savings year-round and during America Saves Week. Since its
inception, over 12,000 organizations have participated in America
Saves Week to promote savings to their communities. Learn more at
americasaves.org.
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SOURCE WesBanco, Inc.