WHEELING, W.Va., July 17, 2015 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC) President and CEO, Todd F. Clossin, today announced the relocation of the company's Central Ohio headquarters from Henderson Road to downtown Columbus. The bank is expanding its existing downtown North Third Street location by adding a second floor to house its local market president and select officers. The company will maintain its Henderson Road retail branch and offices which house training, human resources and several other departments.
"The announcement of our North Third Street expansion and its designation as our Central Ohio headquarters site confirms WesBanco's commitment to the Columbus, Ohio market. We knew that the Third Street location would be important to us in complementing our ability to deliver all of our wealth management, commercial and retail financial services throughout central Ohio. Our success in that regard and rapid growth has led us to focus on expanding our capabilities to capitalize on business and market opportunities," Mr. Clossin said.
Central Ohio Market President, Lisa Robinson-Shaw, will be moving to the downtown location as part of an overall market expansion which now includes two full floors of the former Old Union Telegraph Building. Opened by WesBanco in late 2013, the first floor of offices has served as a wealth management office and retail branch facility in addition to the Columbus office location for Jonathan D. Dargusch, WesBanco's Executive Vice President of Wealth Management. WesBanco previously occupied approximately 3,200 square feet on the first floor of the building, owned by EV Bishoff, and now occupies an additional 5,100 square feet on the second floor as office locations for commercial lenders, private bankers, the company's head of Private Banking, SVP and Manager, Laura K. Weeks, and central Ohio retail executive, SVP and District Manager, Jon Mallory.
Ms. Shaw said, "Our continued expansion in downtown Columbus simply solidifies our commitment to this incredible community. It's our goal as a financial institution to serve our customers where it is convenient for them. The growth and redevelopment of downtown influenced our decision to move our Central Ohio headquarters and bring so many of our bank executives to this wonderful location. The synergy and excitement of being together will be a key driver in our future success."
"WesBanco is celebrating 100 years of investment management service and currently manages over 5,500 trust relationships with assets of nearly $4 billion. In addition, WesBanco's investment department is the investment advisor for the WesMark Funds, WesBanco's proprietary family of mutual funds. We are pleased to offer our delivery of private banking, trust, investment management, estate administration and retirement services through an expanded downtown Columbus office," Mr. Dargusch said.
WesBanco has multiple retail offices in the market and is a top 10 market share player in central Ohio. WesBanco's entry into central Ohio and the Columbus market began with the acquisition of American Bancorporation, Wheeling, West Virginia on March 1, 2002. Since that time, additional central Ohio and Columbus offices have been acquired by WesBanco by the acquisitions of Western Ohio Financial Corporation, Springfield, Ohio in 2004, Winton Financial Corporation, Cincinnati, Ohio in 2005, Oak Hill Financial, Inc., Jackson, Ohio in 2007 and the purchase of all five Columbus, Ohio AmTrust Bank banking offices in 2009.
WesBanco is now the 130th largest bank in the country with 142 offices in Ohio, Pennsylvania and West Virginia, where the company is headquartered. The bank's trust department is one of the largest in the midwest.
WesBanco Inc. is a multi-state bank holding company with total assets of approximately $8.2 billion operating through 142 branch locations and 130 ATMs. WesBanco's banking subsidiary is WesBanco Bank Inc., headquartered in Wheeling, WV. WesBanco also operates an insurance brokerage company, WesBanco Insurance Services Inc., and a full-service broker/dealer, WesBanco Securities Inc.
SOURCE WesBanco, Inc.