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| Wesbanco Bank, Inc. |
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Overview:
WesBanco, Inc. is a multi-state, bank holding company headquartered in Wheeling, West Virginia.
Over the past decade, we have built a national reputation as a safe, sound and profitable bank holding company while we have maintained our community bank orientation. We merge technology with people to support our commitment to personal customer service.
WesBanco's banking subsidiary WesBanco Bank, Inc., operates 111 banking offices in the states of West Virginia, Ohio and Pennsylvania. In addition, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc. that also operates Mountaineer Securities, WesBanco’s discount brokerage operation. |
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History:
The Story of WesBanco, Inc.
To be 130 years old is not only a matter of pride, it is cause to reflect on how deeply our roots are embedded in West Virginia and Ohio. More than that, part of what today is WesBanco goes back to earlier days in the history of our country—before these states existed.
It is somehow satisfying to know that we once were among the frontier pioneers. Those who came before us—the bank presidents and managers, the tellers, cashiers and clerks—they lived with the scratching sounds of goose quill pens, of horses' hooves on dusty streets, and the noise of roistering young men in town for the weekend. And sometimes they may have lived with apprehension that the safety of local law was not quite enough.
They persevered. They fought back against adverse economics, bad weather, bank robbers, and wars. They won. Not only did they build a strong bank, but they helped build our communities and our states.
Today our bank operates under the same basic charter that was issued on January 20, 1870 to “The German Bank” which officially began operations on April 3, 1870. Seventeen years later, on February 3, 1887, the Dollar Savings Bank was organized in Wheeling.
A strong sense of community responsibility permeated a basic management philosophy as these two banks merged to form Wheeling Dollar Savings & Trust Co. The leaders contributed much toward the development of this area in the late 19th century and throughout the 20th century.
Now we face the 21st Century with the same standards of community involvement, safety and soundness, hard work, perseverance, and sense of duty to our communities and our customers.
While growth, expansion and profitability are important facets of finance today, it is imperative to keep the communities vital, alive, and progressive. Businesses must prosper, cities must be rejuvenated, and farms must succeed.
Over the past 130 years, banking services have evolved into instruments of finance quite different than those of our forefathers. However, the checking, the savings, and the basic loan product are still available and would be recognizable on the surface by our ancestors. What they would not be able to comprehend is the operations, the automated clearing houses, and the speed by which these services are processed.
Products like cash management, sweep accounts, ATM machines, credit cards, debit cards, money market accounts, NOW accounts, overdraft protection and payroll processing are now offered to the customers of WesBanco. Our goal has been and continues to be the premier provider of exceptional service to our customers through skilled employees and innovative technology.
Record of important events in the history of the family of banks that combined to create WesBanco:
January 20, 1870 ~ Original Charter issued as “The German Bank,” Wheeling, WV.
February 3, 1887 ~ Dollar Savings Bank was organized.
March 31, 1903 ~ The Wheeling Title & Trust Co. and the Dollar Savings Bank merged to form the Dollar Savings & Trust Co.
1914 ~ The Commercial Bank was acquired by the Bank of the Ohio Valley.
May 22, 1917 ~ The Peoples Bank and the Citizens National Bank merged to form the Citizens-Peoples Bank & Trust Co.
July 11, 1918 ~ The German Bank changed its name to the Wheeling Bank & Trust Co.
August 31, 1918 ~ The Dollar Savings & Trust Co. acquired the City Bank of Wheeling.
January 11, 1923 ~ The Mutual Savings Bank consolidated with the Citizens-Peoples National Bank & Trust Co. to form the Citizens Mutual Bank & Trust Co.
April 9, 1923 ~The Wheeling Bank & Trust Co. acquired the Bank of the Ohio Valley.
December 30, 1933 ~ The Wheeling Bank & Trust Co. and the Dollar Savings & Trust Co. merged to form the Wheeling Dollar Savings & Trust Co. (It became the largest bank in the state at the time with assets in excess of $19 million.)
April 29, 1939 ~ The Wheeling Dollar Savings & Trust Co. acquired the Citizens Mutual Savings Bank.
December 14, 1944 ~ The South Side Bank of Wheeling and the Center Wheeling Savings Bank merged to form the South Wheeling Bank & Trust Co.
February 28, 1949 ~ The Wheeling Dollar Savings & Trust Co. acquired the National Exchange Bank.
December 4, 1964 ~ The Wheeling Dollar Savings & Trust Co. acquired the South Wheeling Bank & Trust Co.
1968 ~ WesBanco Inc. was incorporated.
December 31, 1976 ~ Requirements to establish WesBanco Inc. as a bank holding company were completed and WesBanco, Inc. was activated.
November 1979 ~ Ohio Valley Finance Co. acquired.
1982 ~ Mountaineer Securities Co., a division of Wheeling Dollar Savings and Trust Co. is formed.
April 4, 1984 ~ WesBanco Inc. acquired Citizens National Bank of Follansbee.
October 1, 1984 ~ New Martinsville Bank was acquired.
December 30, 1984 ~The First-Tyler Bank and Trust Co. in Sistersville was acquired.
December 31, 1985 ~ Wellsburg National Bank was acquired.
1985 ~ Wheeling Dollar Savings & Trust Co. merged with the Citizens National Bank of Follansbee and changed the name to Wheeling Dollar Bank. Ohio Valley Finance Co. merged into Wheeling Dollar Bank.
April 20, 1987 ~ Wirt County Bank, Elizabeth, WV and South Hills Bank, Charleston, WV were acquired.
October 15, 1987 ~ Bank of Sissonville, Sissonville, WV was purchased.
October 16, 1987 ~ First National Bank of Wheeling, Wheeling, WV was acquired.
August 8, 1988 ~ WesBanco acquired Mountain State Bank, Parkersburg, WV.
July 1, 1991 ~ WesBanco Inc. changed the name of all its affiliate banks to WesBanco operating names.
December 2, 1991 ~ Albright National Bank of Kingwood, WV was acquired.
July 17, 1992 ~ First National Bank of Barnesville, OH was acquired. The Bank of Follansbee, Follansbee, WV was purchased and merged into WesBanco Wheeling.
April 1993 ~ Albright National Bank of Kingwood changed its name to WesBanco Kingwood and The First National Bank of Barnesville changed its name to WesBanco Barnesville.
February 28, 1994 ~ First Fidelity Bancorp, Inc., Fairmont, WV and its affiliates, First National Bank, Fairmont, WV, FirstBank, Shinnston, WV, Bridgeport Bank, Bridgeport, WV and Central National Bank, Morgantown, WV were acquired.
June 6, 1994 ~ First Fidelity's Bank names were changed to the WesBanco operating names of WesBanco Fairmont, WesBanco Shinnston, WesBanco Bridgeport and WesBanco Morgantown. WesBanco Shinnston was merged into WesBanco Bridgeport.
October 21, 1994 ~ WesBanco Morgantown was merged into WesBanco Fairmont.
February 17, 1995 ~ WesBanco Elm Grove was merged into WesBanco Wheeling.
April 28, 1995 ~ WesBanco Bridgeport was merged into WesBanco Fairmont.
August 25, 1995 ~ WesBanco Sissonville was merged into WesBanco South Hills.
November 17, 1995 ~ WesBanco Elizabeth was merged into WesBanco Parkersburg.
August 20, 1996 ~ Universal Mortgage Company, Bridgeport, WV was acquired and its name changed to WesBanco Mortgage Company.
August 30, 1996 ~ Bank of Weirton was acquired and merged into WesBanco Bank Wheeling.
October 4, 1996 ~ WesBanco Bank Kingwood was merged into WesBanco Bank Fairmont.
December 30, 1996 ~ Vandalia National Corporation and wholly owned subsidiary, the National Bank of West Virginia was acquired and merged into WesBanco Bank Fairmont.
June 30, 1997 ~ WesBanco acquired Shawnee Banks Inc., Dunbar, WV. WesBanco South Hills renamed WesBanco Charleston. Shawnee Banks, Inc. merged into WesBanco Charleston.
April 1, 1998 ~ Commercial BancShares, Inc., a multi-bank holding company headquartered in Parkersburg, WV, and its subsidiaries including Hometown Finance Company acquired and merged into WesBanco affiliated companies.
June 18, 1998 ~ WesBanco acquires the Hunter Insurance Agency.
April 30, 1999 ~ WesBanco consummated the merger of The Heritage Bank of Harrison County ("Heritage"), Clarksburg, West Virginia, with and into WesBanco affiliate, WesBanco Bank Fairmont, Fairmont, West Virginia.
January 14, 2000 ~ WesBanco's four regional banks, Charleston, Fairmont, Parkersburg and Wheeling, are merged into one - WesBanco Wheeling - to form a unit bank structure. The name of the bank was then changed to WesBanco Bank, Inc.
March 1, 2002 ~ WesBanco consummated the merger of Wheeling National Bank (American Bancorporation) of Wheeling, West Virginia, with and into WesBanco Bank, Inc., Wheeling, West Virginia.
August 31 , 2004 ~ WesBanco consummated the merger of Western Ohio Financial Corporation of Springfield, OH, with and into WesBanco Bank, Inc., Wheeling, West Virginia.
January 3, 2005 ~ WesBanco consummated the merger of Winton Financial Corporation’s affiliate, The Winton Savings and Loan Co., Cincinnati, OH with and into WesBanco Bank, Inc., Wheeling, WV. |
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