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SOURCE WesBanco, Inc.
WHEELING, W.Va., Nov. 8, 2017 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a multi-state bank holding company with total assets of approximately $9.9 billion, announces that its affiliate, WesBanco Bank, Inc., has been named to Money magazine's 2017-2018 list of the "Best Bank in Every State". WesBanco, one of the few institutions recognized in multiple states, received the best bank designation for the states of Kentucky and West Virginia.
"WesBanco is pleased to be named for the second time this year as one of America's best banks by another leading financial publication – this time by Money magazine," said Todd F. Clossin, WesBanco President and Chief Executive Officer. "This recognition is a testament to WesBanco, for nearly 150 years, maintaining its strong community banking roots and customer-focused philosophy that historically scores high in customer satisfaction surveys."
Mr. Clossin added, "we provide a wide variety of products and services combined with the personal service expected from a community bank, all of which is supported by the strength and quality of a diversified and well-balanced regional financial services institution. In fact, during 2014, WesBanco was one of the first 30 banks in the country to integrate with Apple Pay, and we subsequently integrated with Samsung Pay and Android Pay in an effort to continue providing value to our customers. We believe that the bank has a commitment to invest in the customer and the community, and we work constantly to be a bank you can trust."
Money magazine evaluated the largest 90 brick-and-mortar banks, 50 credit unions, and 15 online banks comparing more than 800 accounts and 18,000 data points. Money independently verified the data collected on fees, interest rates, and account requirements for checking and savings accounts. When selecting state winners, Money excluded checking accounts that required a minimum balance greater than $1,500 to either open the account or waive monthly fees; gave priority to banks whose checking accounts had no (or easily waived) monthly fees and low or no ATM fees; and sought higher interest rates for checking and savings accounts. Additional factors considered included J.D. Power customer service ratings, when available, from the 2017 U.S. Retail Banking Satisfaction Study, geographic reach within a state, recent enforcement actions, and mobile app ratings in the iTunes and Google Play stores.
About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a multi-state, bank holding company with total assets of approximately $9.9 billion (as of September 30, 2017). WesBanco is a diversified and well-balanced financial services institution, with a community bank at its core, built upon a strong legacy of credit and risk management. WesBanco has meaningful market share across its key geographies maintained by its commitment to dedicated customer service and solid fee-based businesses. It also provides wealth management services through a century-old trust and wealth management business, with $3.9 billion of assets under management (as of September 30, 2017), and serves as registered investment advisor to a proprietary mutual fund family, the WesMark Funds. WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 172 financial centers in the states of Indiana, Kentucky, Ohio, Pennsylvania, and West Virginia. In addition, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.
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