Award recognizes exceptional efforts to
promote savings during America Saves Week
WHEELING, W.Va., July 22,
2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:
WSBC), a diversified, multi-state bank holding company, announces
that its affiliate, WesBanco Bank, has earned the America Saves
Designation of Savings Excellence (DOSE) award for the ninth
consecutive year. This honor is explicitly reserved for financial
institutions that created measurable impact and displayed
exceptional achievement during the annual America Saves Week
campaign. WesBanco is one of only nine banks to be honored with
this distinction out of more than 4,600 participating
organizations.
"WesBanco's recognition with the 2024 America Saves Designation
of Savings Excellence is a testament to our commitment to financial
literacy and the economic well-being of our customers and
communities," said Jennifer Mott,
EVP Retail Banking, WesBanco. "We are incredibly proud of the
collaborative efforts of our teams and partners, whose dedication
to promoting savings and financial education is making a
significant difference in the lives of our customers. This award
highlights the real-life impact of our mission to empower our
customers for success in their financial journeys."
During this year's America Saves Week, the participating
financial institutions collectively encouraged nearly $354 million worth of deposits into new and
existing accounts. Additionally, 231,000 new accounts were opened,
and 64,000 individuals increased their automatic saving transfers
or deposits into existing savings accounts.
As part of its America Saves Week activities, WesBanco enrolled
more than 1,800 individuals across five states in its Savers
program, which provides subscribers with financial literacy
information from national experts. WesBanco also launched a new
partnership with Veteran Saves, a component of America Saves that
seeks to support and encourage the veteran community to save money,
reduce debt and build wealth.
Other WesBanco 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 products
designed to promote personal savings and through the 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.
"Congratulations to the financial institutions awarded the 2024
Designation of Saving Excellence for their achievements during
America Saves Week 2024. Their commitment to empowering customers
and members to save money not only strengthens individual financial
security but also contributes significantly to our nation's
economic stability," commented Carolyn
Pemberton, America Saves Program Manager. "Their leadership
sets a commendable example for the financial industry,
demonstrating how proactive investments in savings can foster a
resilient and prosperous future for all."
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,
Newsweek's America's Greatest Workplaces, Newsweek's Best Regional
Banks and Forbes' America's Best Banks.
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
coordinated by the nonprofit Consumer Federation of America (CFA)
and is dedicated to empowering all, particularly those who are
financially vulnerable, to build financial confidence through
effective saving, debt reduction, and wealth building strategies.
Learn more at americasaves.org and americasavesweek.org.
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SOURCE WesBanco, Inc.