WesBanco, Inc. Elects Rosie Allen-Herring to its Board of Directors

Rhea-AI Summary

WesBanco, Inc. (Nasdaq: WSBC) announced the election of Rosie Allen-Herring to its Board of Directors during the Annual Meeting held on April 20, 2022. Allen-Herring, with over 30 years of experience in finance and community involvement, has notably raised approximately $245 million as CEO of the United Way National Capital Area. Her leadership is expected to enhance WesBanco's community focus and growth strategies. Allen-Herring's background includes roles at Old Line Bank and Fannie Mae, and she holds degrees from Howard University and Strayer University.

Positive

• Rosie Allen-Herring brings 30 years of experience in finance and community engagement.
• Her leadership at the United Way raised approximately $245 million, showcasing her fundraising capabilities.
• Her existing role on the Mid-Atlantic Advisory Board may provide continuity and established community relationships.

Negative

• Potential gaps in experience if her previous roles do not align with the banking sector.

WHEELING, W.Va., June 2, 2022 /PRNewswire/ -- WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, announces that during its Annual Meeting of Stockholders held April 20, 2022, Rosie Allen-Herring was elected to its Board of Directors.  Ms. Allen-Herring brings 30 years of experience in finance, partnerships, and community involvement to the Board, and currently serves as a member of the Mid-Atlantic Advisory Board for WesBanco.

"Rosie Allen-Herring brings a significant level of expertise to our Board of Directors," said Christopher V. Criss, Chairman of the WesBanco, Inc. Board of Directors.  "Having already served on our Mid-Atlantic Advisory Board, we know first-hand what type of impact she can have in her new role.  I look forward to working with Rosie and seeing the positive impact of her leadership on WesBanco."

Since 2013, Ms. Allen-Herring has served as President and Chief Executive Officer of the United Way National Capital Area, Washington, D.C.  She has helped to transform the non-profit into an innovative community partner and is responsible for raising approximately $245 million during her tenure there.  Reflecting her incredible efforts with the United Way, she was named as a Washingtonian of the Year in 2020.

"Rosie is a highly-respected leader and member of her community," said Todd F. Clossin, President and Chief Executive Officer of WesBanco. "For more than 150 years, WesBanco has prided itself on serving our communities in order to help them succeed.  Rosie's experience and success supporting the Washington, D.C. area will greatly enhance our community focus.  Having known her for several years, I am thrilled to welcome Rosie to our Board of Directors and working with her to help WesBanco achieve our long-term growth strategies."

Formerly, Ms. Allen-Herring served as a Director of Old Line Bank, as well as Managing Director, Community Investment and Engagement Division for Fannie Mae, where she managed a $100 million annual budget.  In addition to her role with WesBanco, she is a key leader within several organizations including the Board of Trustees at A.T. Still University, Greater Washington Partnership, and is the first African American female chair of the Greater Washington Board of Trade.

Ms. Allen-Herring holds a B.A. in Economics from Howard University and an M.B.A. (with honors) from Strayer University.  She is also a graduate of the Harvard Business School Strategic Non-Profit Management Executive program, as well as a former fellow at both Duke University and the University of Cape Town.

With her wealth of experience, demonstrated leadership, and management of large organizations, as well as a background in corporate finance and equity investment, Allen-Herring is imminently qualified to serve on the WesBanco, Inc. Board of Directors.

About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a diversified and balanced financial services company that delivers large bank capabilities with a community bank feel.  Our distinct long-term growth strategies are built upon unique sustainable advantages permitting us to span six states with meaningful market share.  Built upon our 'Better Banking Pledge', our customer-centric service culture is focused on growing long-term relationships by pledging to serve all personal and business customer needs efficiently and effectively.  Furthermore, our strong financial performance and employee focus has earned us recognition by Forbes as both one of America's Best Banks and Best Midsize Employers – the only midsize bank making the top ten of both rankings.  In addition to a full range of online and mobile banking options and a full-suite of commercial products and services, WesBanco provides trust, wealth management, securities brokerage, and private banking services through our century-old Trust and Investment Services department, with approximately $5.4 billion of assets under management (as of March 31, 2022).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 205 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia.  Additionally, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.

 

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SOURCE WesBanco, Inc.

FAQ

Who is Rosie Allen-Herring and what is her role at WesBanco?

Rosie Allen-Herring has been elected to the Board of Directors of WesBanco, bringing extensive experience in finance and community leadership.

What impact might Rosie Allen-Herring have on WesBanco?

Her proven leadership and fundraising skills may enhance WesBanco's community focus and growth strategies.

When was Rosie Allen-Herring elected to the Board of WesBanco?

She was elected during the Annual Meeting of Stockholders on April 20, 2022.

What is the background of Rosie Allen-Herring?

She has served as CEO of the United Way National Capital Area and has held significant positions in finance and community engagement.