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WesBanco, Inc. Expands Presence in Northern Virginia with Commercial Loan Production Office
Prnewswireยท 2025-07-24 18:30
Core Insights - WesBanco, Inc. has opened a new commercial loan production office (LPO) in Northern Virginia, marking its first commercial-focused LPO in the area and expanding its capabilities in the Dulles Corridor and Washington, D.C. metro region [1][2][3] Company Expansion - The new LPO aligns with WesBanco's long-term strategy to grow in high-opportunity markets adjacent to its current footprint, bringing dedicated lending expertise to a vibrant region encompassing seven counties [2][3] - David Leudemann has been appointed as City President and Senior Commercial Banker to lead the new LPO, bringing extensive industry experience and regional ties [3][4] Market Opportunities - The Northern Virginia market is viewed as dynamic, offering significant opportunities for business growth and community engagement [3] - WesBanco aims to deliver tailored financial solutions to empower local and regional businesses [4] Company Reputation - WesBanco has received multiple accolades for soundness, profitability, customer service, and community development, including an "Outstanding" FDIC Community Reinvestment Act rating and recognition in Forbes' Most Trusted Companies in America [4] Operational Details - The Northern Virginia commercial LPO is currently co-located with its residential mortgage LPO in Leesburg, Virginia, with plans to relocate to Fairfax County in the near future [5] Company Overview - WesBanco, Inc. has over 150 years of experience as a community-focused financial services partner, with total assets of $27.4 billion as of March 31, 2025 [6]