Russ Comer and Joe Herbrecht from Kiwanis Corporate Member WesBanco recently attended the weekly Kiwanis Club meeting at the Roadhouse USA to give a presentation on the bank and some of what they’re doing in our community. Pictured are Sarah Everett, President of the SMS Bjilders Club; Mike Everett, from Corporate Kiwanis Member Scott Memorial Hospital; Russ Comer and Joe Herbrecht.
WesBanco was initially chartered in 1870 as The German Bank and incorporated in 1968 as WesBanco, Inc. It is headquartered in Wheeling, West Virginia and now has expanded to 174 branches and 163 automatic teller machines throughout West Virginia, Ohio, Western Pennsylvania, Kentucky and Southern Indiana. WesBanco is a publicly traded company on the NASDAQ under the symbol WSBC. They have total assets approaching $10 Billion and currently employ one thousand nine hundred twenty-eight people.
In addition to traditional banking services, WesBanco can now offer Private Banking, Investment, Trust and insurance products. Since the merger, your Scott County market has increased employee staffing by adding tellers, personal bankers, a new Banking Center Manager and a Residential Mortgage lender. WesBanco promotes from within when new opportunities arise but also looks for new local recruits as the opportunity allows.
The most recent FORBES listing of the 100 largest banks in 2018 ranks WesBanco seventeenth. This ranking is based on metrics related to growth, profitability, capital adequacy and asset quality. Russ added another area he is personally excited about is the Community Reinvestment. Last year Scottsburg WesBanco was awarded their sixth consecutive “Outstanding” rating by the FDIC for Community Investment Initiatives.
Russ pointed out that WesBanco prides itself in their efforts in providing community service. Some of the efforts they support in Scott County are investments in Scott County School Districts One and Two by donating to various sports programs, yearbook advertising, After School Programs and award a scholarship in each District. WesBanco is a strong, annual supporter by donating both time and money to the Dollars and Sense program and Classroom financial instruction. Many individual employees donate to the Kids First and We Care auction each year. WesBanco also partners with the Pilot Club to sponsor the Miss Scott County Program. They support Scott County Big Brothers Big Sisters with teams on the annual Bowl For Kids Sake and support many Chamber events such as the Chamber Challenge for Education to raise money for the Junior Achievement BIZCAMP and the Chamber Ambassadors. WesBanco is actively involved supporting Scott Memorial Hospital help make our community a healthier place to live and play and hosts a community cookout each year just to thank WesBanco customers and community leaders. They are an annual supporter of the Mayor’s Good Neighbor banquet, support the Friends of Hardy Lake with the work they do to operate and run the Dwight Chamberlain Raptor Center and support the work New Creation Addiction Ministry provides for recovering addicts in our community. WesBanco is a active supporter of the YMCA and has been a corporate member of the Scottsburg Kiwanis Club for seven years serving kids in Scott County.
Joe Herbrecht introduced himself as the new mortgage loan officer with WesBanco in Scottsburg. Joe has experience working in several phases of residential real estate transactions, including real estate appraisal, brokerage, investment/rehab, and mortgage loan origination. For the past ten years, Joe has been investing and renovating homes in Southern Indiana for resale to local families. Although new to Scottsburg, He’s not new to the business.
Joe explained he moved to Scottsburg because he really enjoys helping people achieve their dreams of home ownership. He was impressed with WesBanco’s regional mortgage director who informed him about things like a down payment assistance program (called First Front Door, that gives up to $5,000 in cash for down payment and closing costs) for first home buyers through WesBanco. This program is not available through other banks/lending institutions in Southern Indiana.
After a second interview and meeting the people in the branch, Joe knew he wanted to be a part of our team. Joe works in the main branch in Scottsburg, and pointed out he’s never worked with a more welcoming, helpful and friendly group. It’s like a family in the branch and there’s a core of five people who’ve been here for over three decades. Joe said he wanted to be a part of Scottsburg WesBanco after seeing how the people working in the branch were so interested in helping the customers and how they know virtually all of the customers by name. Joe concluded with telling everyone how he was very happy and excited to be a part of the community and a part of WesBanco.
The Kiwanis members thanked Russ and Joe for their presentation and for their work serving the kids in Scott County.