WesBanco Bank has formed an eight-member Chattanooga advisory board to help guide the development of the loan production office WesBanco opened in Chattanooga earlier this year.
WesBanco, the third largest bank in West Virginia, opened its Chattanooga office in August a year after opening a similar loan office in the Nashville suburb Brentwood. Also in August, WesBanco named former First Horizon Chattanooga Market President Jeff Jackson as its CEO.
Adam Thomas, a veteran banker who became Chattanooga city president at WesBanco earlier this year, said the advisory board will provide regional business perspective, help identify ongoing business development opportunities, recommend loan products and services and foster community and stakeholder engagement.
Members of WesBanco's Chattanooga advisory board are:
— Sheila Boyington, CEO of Thinking Media.
— Kyle Bryant, a partner at Market Street Partners.
— Hiren Desai, CEO of the 3H Group.
— Barton Mathews, president of Starr Mathews Insurance.
— Ryan May, co-owner of Real Estate Partners.
— Mike McCallie, managing partner of Max Trans Logistics & F2F Transport.
— Dr. Michael Patterson, owner of Southside Dental.
— Kirby Yost, a shareholder at Chambliss, Bahner & Stophel P.C.
"The formation of the advisory board aligns with WesBanco's strategy to engage deeply with the communities we serve," Thomas said in an announcement of the new panel members. "By bringing together these eight regional leaders, we aim to tap into their diverse range of perspectives and expertise to better understand and meet the unique commercial lending needs of the Chattanooga market."
Since opening the office with Thomas and four other veteran bankers this summer, WesBanco has added Zack LeQuire as treasury management sales officer and Chad Robert as senior credit officer.
Alisha Hipwell, senior vice president of communications for WesBanco Inc., said the bank "is always open to exploring opportunities for growth in alignment with our strategic objectives," but WesBanco has no immediate plans to open a full-service commercial bank in Chattanooga. WesBanco does not disclose specific market loan totals, but in an emailed statement, Hipwell said WesBanco's overall loan growth grew 10.1% in the 12 months ended Sept. 30, "and our loan production offices, including Chattanooga, contributed meaningfully to that growth."
WesBanco Inc., a Wheeling, West Virginia-based bank holding company with more than $17 billion in assets from its banks in six states, operates its commercial loan office at 325 Cherokee Blvd. in North Chattanooga.
WesBanco is entering an already crowded Chattanooga banking market. As of June 30, 29 commercial banks operating in metropolitan Chattanooga shared a total of $14.8 billion in deposits, according to the Federal Deposit Insurance Corp.
— Compiled by Dave Flessner