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WesBanco, Inc. Expands Operations in Growing Tennessee Markets
Prnewswireยท 2025-10-28 13:30
Core Insights - WesBanco, Inc. is expanding its operations in Tennessee by opening a commercial loan production office in Knoxville and a retail banking center in Chattanooga, marking its first retail presence in the state [1][7]. Expansion Strategy - The new Knoxville commercial loan production office (LPO) is part of WesBanco's strategy initiated in 2022 to target metro markets with strong growth demographics adjacent to its existing footprint, contributing to high-single digit loan growth since 2021 [4]. - The Chattanooga retail banking center will offer a comprehensive suite of products, including deposit services, and is set to open in the first half of 2026 [8]. Leadership and Team Development - Adam Thomas has been promoted to Regional President for Tennessee, having previously served as City President in Chattanooga, where he led significant growth [2][3]. - Herc Ligdis has been appointed as City President and Senior Commercial Banker for the new Knoxville LPO, bringing 30 years of banking experience and local market insight [5][6]. Community Engagement and Recognition - WesBanco has established a community advisory board in Chattanooga to better align with local needs and has expanded its team from four to 14 bankers since opening the Chattanooga LPO [7]. - The bank has received multiple accolades for soundness, profitability, and community development, including an "Outstanding" FDIC Community Reinvestment Act rating and recognition in Forbes' Most Trusted Companies in America [8]. Financial Overview - As of September 30, 2025, WesBanco has total assets of $27.5 billion, with $7.7 billion in Trust and Investment Services assets under management and $2.6 billion in securities account values [9].