WesBanco is the second-largest bank headquartered in West Virginia, after United Bank. Based on total deposits, it is the third-largest bank operating in West Virginia, after Truist Bank and United Bank.[2]
In addition to banking services, the company offers insurance and investment products.[1]
The company was initially chartered on January 20, 1870, as "The German Bank".[3] In 1918 the bank changed its name to "Wheeling Bank & Trust Company," and in 1933 the bank merged with Dollar Savings & Trust Company forming the Wheeling Dollar Savings & Trust Company. [3] In 1968, WesBanco, Inc. was incorporated.[1]
In November 2012, the company acquired Fidelity Bancorp, expanding into the Pittsburgh area.[9]
In February 2015, the company further expanded its Pittsburgh-area presence with the acquisition of Ellwood City, Pennsylvania-based ESB Financial Corporation.[10]
In September 2016, the company expanded into Kentucky and Southern Indiana with the acquisition of Your Community Bankshares.[11]
On November 14, 2019, the company announced the impending merger with Maryland-based Old Line Bank with WesBanco being the surviving entity.[13]
In March 2025, WesBanco acquired Defiance, Ohio based Premier Financial Corp in a $959 million all-stock transaction.[14] Premier operated 73 bank branches and 9 loan offices in Indiana, Michigan, Ohio, and Pennsylvania.
