Savings

WesBanco Bank Receives America Saves Designation for Excellence in Savings Again

Wheeling, W.Va., June 1, 2022 /PRNewswire/ — WesBanco, Inc. (NASDAQ: WSBC), a diversified multistate bank holding company, announces that its subsidiary, WesBanco Bank, recently received the 2022 America Saves Designation for Excellence in Savings for his extraordinary efforts during America Saves Week to encourage customers to save money. The award is presented annually to financial institutions that have created measurable impact, displayed outstanding achievement and demonstrated success in encouraging and helping their customers save money.

WesBanco is proud of its 16+ year partnership with America Saves to provide valuable financial resources to educate and encourage individuals about saving. On the other side Indiana, Kentucky, Maryland, Ohio, Pennsylvaniaand West Virginia, WesBanco actively encourages savings throughout the year with special products designed to encourage personal savings. In addition, WesBanco has become a participating employer in the Split-to-Save program, which encourages employees to split a portion of their regular salary for a savings goal of their choice to help them deal with the stress and worries associated with financial emergencies and other issues.

“WesBanco is proud to be recognized by America Saves, for the seventh consecutive year, for our organization’s efforts to encourage personal savings,” said Jennifer Mott, WesBanco’s executive vice president for retail. “For more than 150 years, our commitment to serving our neighbors and their businesses has never wavered, and we are proud of our entire organization because our employees have embraced our community banking roots. Their efforts have allowed us to be recognized as the only major bank in the nation to receive honors for employee satisfaction and financial success, as well as being named one of America’s Most Trusted Companies.”

Ms. Mott continued, “WesBanco prides itself on offering deep banking capabilities with a community banking feel. Our client-centric service culture is focused on building long-term relationships by being committed to meeting the personal financial needs of our clients. In addition, our employees collectively devote thousands of hours per year to savings education, including participating in the Teach Children to Save, Get Smart about Credit and Split-to-Save initiatives. »

“As we continue to experience rising costs and interest rates due to unprecedented inflation, we know it will take extraordinary action and support from organizations and businesses to help Americans to recover from the pandemic and build their financial resilience. Financial institutions are in a unique position where their interest and investments in their customers and members can make a lasting contribution to the financial stability of our country.” , said Kia McCallister Young, Director of America Saves. “We are honored to recognize the efforts of these outstanding banks and credit unions. All intended to help their communities build financial confidence, establish and grow their automatic savings, set financial goals – like save for emergencies, retirement and home ownership – and, most importantly, create a plan to achieve those goals.”

“While their work during Save America Week has been phenomenal, what is most encouraging is that the work and commitment does not stop at the end of the Week; it is a contribution daily throughout the year evident in our continued partnership the remaining fifty-one weeks of the year,” continued McCallister-Young.

America Saves Week is an annual event for people to assess their financial situation and develop a simple savings action plan that starts or increases their savings. The event is coordinated by America Saves, with input from planning support that includes federal government agencies, financial institutions, nonprofits and educators. This is the eighth year for the America Saves Designation of Savings Excellence Award.

WesBanco Bank is one of six banks and seven credit unions honored with this distinction out of nearly 3,100 participating organizations of America Saves Week, which took place the 21st of February – February 25, 2022. The work of these financial institutions contributed to an impressive collective impact of the Week. During the week-long period, these financial institutions helped encourage nearly 415,000 people to deposit $1,134,122,355 into new and existing savings accounts and set up automatic savings.

About WesBanco, Inc.

Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a diversified and balanced financial services company that offers deep banking capabilities with a community banking feel. Our distinct long-term growth strategies are based on unique sustainable advantages allowing us to span six states with significant market share. Building on our Better Banking Pledge, our customer-centric service culture is focused on developing long-term relationships by committing to meeting all personal and business customer needs effectively and efficiently. Additionally, our strong financial performance and focus on our people have earned us recognition by Forbes as one of America’s Best Midsize Banks and Best Employers – the only midsize bank in be in the top 10 of both rankings. In addition to a full range of online and mobile banking options and a full range of commercial products and services, WesBanco provides trust, wealth management, securities brokerage and private banking services through the through our century-old fiduciary and investment services department, with approximately $5.4 billion assets under management (at March, 31st, 2022). WesBanco’s banking subsidiary, WesBanco Bank, Inc., operates 205 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvaniaand West Virginia. In addition, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full-service broker/dealer, WesBanco Securities, Inc.

About America Saves

America Saves is an initiative of the nonprofit Consumer Federation of America that uses the principles of behavioral economics and social marketing to motivate, encourage, and help low-to-moderate income households save money, reduce their debts and create wealth. America Saves encourages individuals and families to take the America Saves Pledge and organizations to promote savings throughout the year and during America Saves Week. Learn more about americasaves.org and americasavesweek.org.

SOURCEWesBanco, Inc.