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West Virginia: Banks’ Economic Impact

Banks support West Virginia's economy with consumer, business and other loans, and by providing more than 6,000 people with a rewarding place to work.

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  • 6,653Employees

  • $433.7 MTotal Annual Compensation & Benefits

  • $65,186Average Total Compensation & Benefits

  • 47 Banks Headquartered in State

Source: FDIC branch deposit data (2021 Q2), FDIC Call Report 2Q2021, 2021 BLS/US Census Quarterly Census of Employment and Wages (QCEW) for Credit Intermediation and Related Activities, and ABA Analysis



  • $4.2 BNew Home Loans Booked in 2021

  • 23,770Number of New Home Loans in 2021

  • $135,000Median New Home Loan Size in 2021

  • $1.4 BSmall Business Loans

  • 107.7 KNumber of Small Business Loans

  • $13,173Average Small Business Loan

  • $477.1 MSmall Farm Loans

  • 14,569Number of Small Farm Loans

  • $36,328Average Small Farm Loan

Providing Small Business Loans to Aid Low-Income Communities

WesBanco Bank, Inc. generously used its community development corporation to leverage allocations of New Market Tax Credits (NMTC) to fund development and inject capital into highly distressed, low-income communities—located largely in rural Appalachia.

Source: CFPB HMDA data, year-end 2021; FDIC Call Report 2Q2021 and Year-End 2021; 2021 USDA Quarterly Farm data and USDA/Census Data from 2017 State of Ag Survey; 2021 SBA/Census Data and ABA analysis



  • 1.6 MCustomers

  • $43.5 BDeposits

  • 68Banks Operating Branches

  • 586Branches & Offices

  • 91Branches Offering Low Fee Bank On-certified Accounts

Sources: Estimates based on ABA 2020/2021 survey data; FDIC Summary of Deposit (SOD) 2021Q2 Data; Cities for Financial Empowerment Fund

Giving Back

Giving Back

  • 28.4 KVolunteer Hours

  • $19.3 MCommunity Donations

A Commitment to Community

In 2017, United Bank created a bank-wide infrastructure to connect employees with high-impact volunteer opportunities to move the needle on key challenges facing its communities. The anchor of this strategy is the CRA Action Committee which consists of representatives from each of the bank’s 20 markets.

Source: Estimates based on ABA 2020/2021 survey data

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