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Communities
Impacting Communities through Strategic Partnerships and Investment
At WesBanco, we strive to be a leader in community development by positively impacting the communities in which we live and serve. We have developed responsible strategies to provide targeted investment, deployment of capital, financial education, technical assistance, and innovative products and solutions that achieve financial inclusion for all. Our vision is to create greater economic opportunities that provide:
- The dignity of affordable housing;
- The empowerment of financial inclusion;
- The strength of successful businesses; and
- The sustainability of vibrant communities.
WesBanco Bank Community Development Corporation
An important part of our community development strategy is the activities of the WesBanco Bank Community Development Corporation (“WBCDC”), a WesBanco Bank affiliate and a certified Community Development Entity. The WBCDC’s New Markets Loan Program is a revolving small dollar loan program that funds a variety of businesses providing critical social and commercial services to low-income residents and to benefit highly distressed, low-income communities. Funds have supported a wide range of businesses including manufacturing, food, retail, housing, health, technology, energy, education, and childcare. To read the full report and see the New Markets Loan Program in action, click here.
WesBanco … We Make Change
The “We” in WesBanco is symbolic of the commitment of our entire company – from our directors to each employee – to build strong, resilient, and vibrant communities. We view our Community Reinvestment Act (“CRA”) responsibilities not just as obligations but as opportunities to leverage capital, resources, innovation, and financial expertise to positively impact our neighborhoods and the greater world in which we live. We have identified “5 Pillars of Community Development” that serve as the foundation of our efforts to provide opportunities for all.
5 Pillars of Community Development
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A primary focus of our community development effort is to develop responsive and innovative products, programs, and initiatives to ensure financial and economic inclusion and to provide access to banking services for all consumers and business owners. We strive to ensure communities throughout our footprint retain access to the capital and investment that will retain businesses and attract residents. WesBanco’s loans and deposits reflect the markets in which we operate.
To read the full report and see this pillar in action, click here.
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In Community Development, we prioritize small business lending, community development lending, and home mortgage lending for low- and moderate-income borrowers and in low- and moderate-income areas. To create strong and prosperous communities that provide opportunities for both small and large businesses to thrive and for individuals and families to find a place to call home.
To read the full report and see this pillar in action, click here.
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At WesBanco, we utilize strategic partnerships to provide innovative financing options for our customers and to engage in initiatives that transform and revitalize communities. We leverage partnerships with non-profit organizations, governmental and quasi-governmental entities, and other third-party service providers to offer an extensive list of community development programs. WesBanco is a three-time recipient of the FHLBank’s “Pillar of the Community” award for its work in promoting community stability and revitalization.
To read the full report and see this pillar in action, click here.
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WesBanco’s commitment to community development is based on the principle of returning assets to the community. Our annual CRA investment goal ensures a significant level of community development investment that will provide capital for new businesses, create affordable housing opportunities, provide assistance to non-profit community organizations, and fund state and local bonds that construct and improve schools, roads, water systems, government buildings, community facilities, and that improve access to broadband internet.
To read the full report and see this pillar in action, click here.
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At the heart of WesBanco’s successful community development program is its commitment of time and resources to our communities. We are a leader in performing highly qualified community development services throughout each of our CRA assessment areas. WesBanco directors, officers, and employees provided technical assistance or financial education to organizations and agencies that promote affordable housing, economic development, revitalization or stabilization of low-income and other distressed communities, and services for low- and moderate-income persons and other disenfranchised populations.
To read the full report and see this pillar in action, click here.
Investor Relations
Our distinct long-term growth strategies are built upon unique sustainable advantages permitting us to span six states with meaningful market share. Learn more about investing in WesBanco.
Visit Investor Relations