The Bank Slate


Wesbanco in W.Va. accelerates CEO succession

Wesbanco in Wheeling, W.Va., will have a new CEO sooner than expected.

The $5 billion-asset company said in a press release that Todd Clossin will also retire as president on Aug. 1. He will be succeeded by Jeffrey Jackson, the company’s chief operating officer.

Clossin had originally planned to retire on Jan. 1.

Wesbanco said the new date reflects Jackson’s “timely and successful acclimation to the business and aligns with his first anniversary with the company.”

“The executive management team and I have worked closely with Jeff in every aspect of the business for nearly a year, and he is well-prepared to take the helm,” Clossin said in the release.

Jackson joined Wesbanco in last August from First Horizon Bank, where he was chief operating officer of regional banking in Memphis, Tenn.

Clossin, who has been CEO since 2014, will continue as a vice chairman and serve on the board’s executive committee.

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