WesBanco, Inc. Advances Organic Growth Strategy with Commercial Banking Expansion in South Florida

WesBanco (NASDAQ: WSBC) announced a targeted expansion of its commercial banking operations into South Florida on March 12, 2026, initially covering Palm Beach and Broward counties.

Rhea-AI Summary

WesBanco (NASDAQ: WSBC) announced a targeted expansion of its commercial banking operations into South Florida on March 12, 2026, initially covering Palm Beach and Broward counties.

The bank hired a seasoned regional team led by Eddy Rodriguez to support middle-market and commercial clients, complementing prior acquisitions and loan-production-office growth. WesBanco reports $27.7 billion in total assets as of December 31, 2025.

Argus Mar 12 session

+0.03% close to close Open Argus

Details

News Market Reaction – WSBC

On Mar 12, the day this news came out, WSBC closed 0.03% above the previous close.

Data tracked by StockTitan Argus for the Mar 12 session.

Key Figures

Total assets: $27.7 billion Trust & investment AUM: $7.9 billion Broker/dealer account values: $2.5 billion +5 more

Total assets

$27.7 billion

As of December 31, 2025

Trust & investment AUM

$7.9 billion

Trust and Investment Services, Dec 31, 2025

Broker/dealer account values

$2.5 billion

Securities accounts incl. annuities, Dec 31, 2025

Corporate history

Over 150 years

Community-focused regional financial services partner

Current share price

$33.14

Prior to South Florida expansion announcement

52-week high

$38.10

Pre-news 52-week range high

52-week low

$26.42

Pre-news 52-week range low

Footprint states

Ten-state footprint

Retail, commercial, and wealth services coverage

Historical Context

5 past events · Latest: Feb 18

5 events

1. Feb 18

   Dividend declaration

   24h Move

   -0.1%

   Board declared quarterly cash dividends on common and preferred shares.

2. Jan 27

   Earnings results

   24h Move

   -2.6%

   Reported higher Q4 and full-year net income and EPS post‑Premier acquisition.

3. Jan 07

   Industry recognition

   24h Move

   -0.9%

   Named one of America’s Best Regional Banks by Newsweek for 2026.

4. Jan 05

   Earnings call notice

   24h Move

   +1.2%

   Announced timing and access details for Q4 2025 earnings call and webcast.

5. Nov 19

   Dividend increase

   24h Move

   +0.4%

   Announced 2.7% increase in quarterly common dividend to $0.38 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

assets under management, loan production offices

2 terms

assets under management financial

"Trust and Investment Services holding $7.9 billion of assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

loan production offices financial

"recent growth through strategic acquisitions and the opening of loan production offices"

Loan production offices are small branches that focus on finding, interviewing and processing loan applications but typically do not take deposits or offer full banking services; think of them as a lender’s storefront that generates loan business without a full back-office bank branch. Investors watch them because they signal a bank’s strategy to grow lending in new areas with lower upfront cost, which can boost revenue but may raise oversight, credit quality and regulatory risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Seasoned banking team with deep market expertise joins to accelerate growth

WHEELING, W.Va., March 12, 2026 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, today announced the expansion of its commercial banking business across key high-growth South Florida markets, initially including Palm Beach and Broward counties, with the hiring of a seasoned team of commercial banking leaders and support staff. This expansion further advances WesBanco's organic growth strategy and commitment to serving clients in attractive, relationship-driven markets and is additive to its longer-term financial outlook.

"These South Florida markets are significant growth centers, and ones I have come to know well during my banking career," said Jeff Jackson, President and Chief Executive Officer, WesBanco. "We are excited to enter these markets with this seasoned team of bankers, whose customer focus and values are well-aligned with our relationship-led approach and strong credit standards. Having worked with these bankers in prior roles, I have seen firsthand their commitment to clients and have great respect for their market reputation. I am confident they will be an exceptional fit as we expand into South Florida."

The new team brings deep relationship management experience and regional market expertise to support middle-market and commercial clients with customized financial solutions, insight, and exceptional service. Leading the South Florida team, Eddy Rodriguez joins WesBanco as Executive Vice President and Regional President. Rodriguez brings nearly 30 years of commercial banking experience with leading financial institutions to WesBanco.

Leading the markets are:

• Steven Goldstein, Market President and Senior Commercial Banker, focused on Palm Beach County and with more than three decades of experience in commercial financial services.
  
  
• Tony Mandravellos, Market President and Senior Commercial Banker, focused on Broward County and with nearly 30 years of experience in commercial financial services.

The new South Florida team also includes specialists in commercial lending, credit underwriting and client relationship support – bringing together decades of collective expertise to ensure comprehensive, high-touch service as WesBanco builds its presence in the region.

WesBanco's expansion in South Florida complements its recent growth through strategic acquisitions and the opening of loan production offices. Over the past several years, the Company has expanded its scale and reach in Indiana, Michigan, and Ohio through its acquisition of Premier Financial Corp., and in Northern Virginia and Nashville, Chattanooga, and Knoxville, Tennessee through targeted investments in new loan production offices. 

"Our South Florida expansion is a thoughtful extension of our long-stated southeastern expansion strategy," said Jay Zatta, Senior Executive Vice President and Chief Banking Officer, WesBanco. "Many of our in-footprint clients already have meaningful ties to the region, from second homes to operating interests. Establishing a regional presence with this proven team allows us to support those relationships more directly while advancing our growth strategy through new relationships."

As the regional business develops, WesBanco expects to evaluate additional services and solutions, including retail financial centers, treasury, wealth management, and mortgage offerings, to deliver even greater value to clients.

About WesBanco, Inc.
With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our ten-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $27.7 billion in total assets, with our Trust and Investment Services holding $7.9 billion of assets under management and securities account values (including annuities) of $2.5 billion through our broker/dealer, as of December 31, 2025. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wesbanco-inc-advances-organic-growth-strategy-with-commercial-banking-expansion-in-south-florida-302711584.html

SOURCE WesBanco, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is WesBanco announcing about its South Florida expansion (WSBC) on March 12, 2026?

WesBanco is expanding commercial banking into Palm Beach and Broward counties with a new regional team. According to the company, the move adds experienced bankers led by Eddy Rodriguez to support middle-market and commercial clients and complements prior acquisitions and loan-production-office growth.

Who will lead WesBanco's South Florida commercial banking team (WSBC)?

Eddy Rodriguez will lead the South Florida team as Executive Vice President and Regional President. According to the company, Rodriguez brings nearly 30 years of commercial banking experience and will be supported by market presidents Steven Goldstein and Tony Mandravellos.

How does the South Florida expansion fit WesBanco's strategy (WSBC)?

The expansion furthers WesBanco's organic growth and southeastern strategy by entering relationship-driven markets. According to the company, many in-footprint clients have ties to South Florida, and a regional presence aims to deepen existing relationships and generate new commercial lending opportunities.

What services might WesBanco add as its South Florida business develops (WSBC)?

WesBanco may evaluate retail branches, treasury, wealth management, mortgage, and other services in the region. According to the company, these additions would be considered as the regional business scales to deliver broader client value beyond commercial lending.

What scale does WesBanco report while expanding into South Florida (WSBC)?

WesBanco reported $27.7 billion in total assets and $7.9 billion in trust and investment assets under management as of December 31, 2025. According to the company, these figures reflect its multi-state footprint and capacity to support regional expansion initiatives.