WesBanco Trust & Investment Services Again Offers Interest-Free Home Loans through the Laughlin Plan

Wheeling, WV, March 25, 2025 – WesBanco Trust and Investment Services, the wealth management department of WesBanco Bank, Inc., is pleased to again provide interest-free loans to qualifying families living in Ohio County, WV. Since its inception in 1952, the Laughlin Trust, established by the late Wheeling philanthropist, George A. Laughlin, has been used by WesBanco to provide these interest free loans annually through the Laughlin Plan.

Mr. Laughlin, a Wheeling businessman and newspaper publisher, stipulated in his will that the income from his trust fund be used to provide industrious Ohio County families with dependent children interest-free, no down payment home loans, as well as pay for homeowner’s insurance.  As loan payments are made to the bank, which acts as trustee, the funds are reinvested by the trust to be used for future loans.  Since its inception 73 years ago, a total of 331 loans have been awarded through the Laughlin Plan.

“For more than 150 years, WesBanco has maintained its strong community banking roots by focusing on the success of the communities in which we do business,” said Marnie M. Hedges, Senior Trust Officer for WesBanco Trust & Investment Services.  “The Laughlin Plan is a wonderful program designed to help our communities by aiding families achieve the goal of home ownership.”

The eligibility requirements for the Laughlin Plan include being a resident of Ohio County, WV; the head of a family, either single- or two-parent, with one or more dependent children living at home; employed full- or part-time and financially able to make monthly payments; and either not presently owning a home or unable to purchase a home through a conventional mortgage.  Completed applications must be returned with a postmark before midnight April 30, 2025.  While all applications will be considered for the Laughlin Plan program, the number of applicants usually exceeds the number of Laughlin Loans available.  Those applicants who are not chosen can be evaluated, with their approval, for other mortgage programs for which they may qualify.

To receive additional information about the Laughlin Plan program, contact Ms. Hedges of WesBanco Trust and Investment Services at 304-234-9417 or laughlinloans@wesbanco.com.

 

 

About WesBanco, Inc.

With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our nine-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $18.7 billion in total assets, with our Trust and Investment Services holding $6.0 billion of assets under management and securities account values (including annuities) of  $1.9 billion through our broker/dealer, as of December 31, 2024. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

SOURCE:  WesBanco Bank, Inc.

 

WesBanco Company Contact:
Marnie M. Hedges
Senior Trust Officer, WesBanco Trust & Investment Services
304-234-9417