WesBanco, Inc. Embarks on Major Growth with Southern Expansion Initiative

WesBanco, Inc. Expands Commercial Banking Presence in South Florida

WesBanco, Inc., a recognized multi-state bank holding company listed on Nasdaq under the symbol WSBC, has taken a significant step to broaden its commercial banking operations by entering key markets in South Florida. This strategic expansion is set mainly in Palm Beach and Broward counties, known for their burgeoning economies and strong demand for banking services.

Vision Behind the Expansion

WesBanco’s decision to establish a footprint in these prosperous markets aligns with its longstanding strategy to organically grow its commercial banking division. The company aims to enrich its clientele in these relationship-driven markets, providing tailored financial solutions backed by seasoned expertise from its new team.

Jeff Jackson, President and CEO of WesBanco, expressed enthusiasm, stating, “These South Florida markets are significant growth centers, and ones I have come to know well during my banking career.” The addition of experienced banking professionals will be instrumental in fostering strong client relationships, essential for the bank's growth mechanism.

Meet the New Leadership Team

Leading this expansion is Eddy Rodriguez, who has been appointed as the Executive Vice President and Regional President for the South Florida area. Rodriguez brings nearly three decades of extensive experience in commercial banking, having worked with several prominent financial institutions. Alongside him are two Market Presidents—Steven Goldstein, focusing on Palm Beach County, and Tony Mandravellos, who will serve Broward County. Goldstein and Mandravellos have over 30 years of cumulative experience in commercial financial services, ensuring they bring significant regional insights to further support clients in their financial endeavors.

Ensuring Exceptional Service

WesBanco’s new South Florida team consists of comprehensive specialists in various aspects of commercial banking, including lending, credit underwriting, and client relationship management. This diverse expertise enables WesBanco to offer complete and high-touch service, vital for nurturing client relationships. The commitment to customer service is a core value that WesBanco aims to enhance as it builds its presence in this dynamic region.

Broader Growth Strategy

This strategic move is not just a one-off decision. WesBanco plans for its South Florida expansion to be a part of its overall growth strategy, which also includes previous acquisitions in regions such as Indiana, Michigan, Ohio, Virginia, and various areas in Tennessee. The synergy from these expansions is expected to foster relationships among existing clients who have interests in South Florida, ranging from second homes to operating interests. Jay Zatta, Senior Executive Vice President and Chief Banking Officer, stated, “Establishing a regional presence with this proven team allows us to support those relationships more directly.”

Future Enhancements on the Horizon

As the South Florida operations mature, WesBanco has indicated a keen interest in evaluating additional products and services to meet evolving client needs. This could include the introduction of retail financial centers and enhanced offerings in treasury services, wealth management, and mortgage solutions.

About WesBanco

WesBanco has built its reputation over 150 years as a community-oriented financial services partner. The company, headquartered in Wheeling, West Virginia, manipulates its significant capabilities to create positive impacts across its multi-state footprint. As of December 31, 2025, WesBanco holds total assets of approximately $27.7 billion. The organization prides itself on leveraging both large bank capabilities and a local focus to ensure the prosperity of every community it serves. With a commitment to its clients, WesBanco stands as a pillar of trust in the financial industry, continuously aiming to support customers’ financial journeys through meaningful relationships and innovative solutions to achieve success.