WesBanco, Inc. Launches New Commercial Loan Office in Northern Virginia
WesBanco, Inc., a multi-state bank holding company, has recently announced the launch of a new commercial loan production office (LPO) in Northern Virginia. This strategic move marks the bank's first focus on commercial lending in this region, following its successful residential mortgage operations. The addition of the LPO aims to strengthen WesBanco’s presence in the Dulles Corridor and the broader Washington D.C. metropolitan area, a region known for its economic vibrancy and growth potential.
With an established footprint in the Mid-Atlantic region, WesBanco is positioning itself to tap into the high-opportunity markets surrounding its existing operations. The new office will cater to various commercial industries, leveraging dedicated lending expertise to meet the diverse needs of businesses in Northern Virginia.
Jay Zatta, Senior Executive Vice President and Chief Banking Officer of WesBanco, highlighted that the opening of the commercial LPO is a pivotal step in the bank's expansion strategy, emphasizing the exciting opportunities for growth and community engagement in this dynamic market. Zatta stated, "The launch of our new commercial loan production office in Northern Virginia represents a significant step forward in WesBanco's strategic expansion. This dynamic market offers tremendous opportunities for business growth and meaningful community engagement."
To lead these efforts, WesBanco has appointed David Leudemann as the City President and Senior Commercial Banker. Leudemann, who has extensive experience in the banking sector and deep connections within the region, is charged with cultivating key client relationships and fostering growth in the commercial banking division. Prior to joining WesBanco, he held the position of Market President for Atlantic Union Bank in the Washington D.C. area. In a statement about the new role, he expressed enthusiasm for WesBanco’s reputation, noting it as a trusted financial institution and community partner. "We’re here to deliver tailored financial solutions that empower local and regional businesses to thrive. With our strategic insight and commitment to creating exceptional customer experiences, the Bank is ready to meet the unique needs of its customers throughout the region," Leudemann said.
WesBanco's dedication to sound financial practices has earned it numerous accolades, including high ratings for its performance and community impact. Their commitment to excellence is reflected in their outstanding FDIC Community Reinvestment Act rating, which they've maintained consecutively for eight years, along with recognition from Forbes and Newsweek for trust and regional banking services.
The new commercial LPO operates from a location shared with its residential mortgage division at 44084 Riverside Parkway, Suite 120, Leesburg, Virginia. Plans for further expansion include relocating to Fairfax County soon, where the bank anticipates greater exposure to the local businesses and communities.
Having a rich history of over 150 years, WesBanco aims to build enduring prosperity through its involved relationships and solution-oriented approach towards clients' financial journeys. With a robust asset portfolio totaling $27.4 billion, including $7.0 billion in trust and investment services, the bank supports its clientele with a comprehensive range of banking products and services.
With an established footprint in the Mid-Atlantic region, WesBanco is positioning itself to tap into the high-opportunity markets surrounding its existing operations. The new office will cater to various commercial industries, leveraging dedicated lending expertise to meet the diverse needs of businesses in Northern Virginia.
Jay Zatta, Senior Executive Vice President and Chief Banking Officer of WesBanco, highlighted that the opening of the commercial LPO is a pivotal step in the bank's expansion strategy, emphasizing the exciting opportunities for growth and community engagement in this dynamic market. Zatta stated, "The launch of our new commercial loan production office in Northern Virginia represents a significant step forward in WesBanco's strategic expansion. This dynamic market offers tremendous opportunities for business growth and meaningful community engagement."
To lead these efforts, WesBanco has appointed David Leudemann as the City President and Senior Commercial Banker. Leudemann, who has extensive experience in the banking sector and deep connections within the region, is charged with cultivating key client relationships and fostering growth in the commercial banking division. Prior to joining WesBanco, he held the position of Market President for Atlantic Union Bank in the Washington D.C. area. In a statement about the new role, he expressed enthusiasm for WesBanco’s reputation, noting it as a trusted financial institution and community partner. "We’re here to deliver tailored financial solutions that empower local and regional businesses to thrive. With our strategic insight and commitment to creating exceptional customer experiences, the Bank is ready to meet the unique needs of its customers throughout the region," Leudemann said.
WesBanco's dedication to sound financial practices has earned it numerous accolades, including high ratings for its performance and community impact. Their commitment to excellence is reflected in their outstanding FDIC Community Reinvestment Act rating, which they've maintained consecutively for eight years, along with recognition from Forbes and Newsweek for trust and regional banking services.
The new commercial LPO operates from a location shared with its residential mortgage division at 44084 Riverside Parkway, Suite 120, Leesburg, Virginia. Plans for further expansion include relocating to Fairfax County soon, where the bank anticipates greater exposure to the local businesses and communities.
Having a rich history of over 150 years, WesBanco aims to build enduring prosperity through its involved relationships and solution-oriented approach towards clients' financial journeys. With a robust asset portfolio totaling $27.4 billion, including $7.0 billion in trust and investment services, the bank supports its clientele with a comprehensive range of banking products and services.
Topics Financial Services & Investing）
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