WesBanco and Partners Launch Fund for Flood Recovery Efforts
WesBanco and Partners Launch Fund for Flood Recovery Efforts
WesBanco, Inc. (NASDAQ: WSBC), a distinguished multi-state bank holding company, has partnered with the Paisley Foundation and the Community Foundation for the Ohio Valley (CFOV) to create the Disaster Response and Recovery Fund. This new fund is dedicated to supporting nonprofits that assist individuals and families affected by devastating floods.
Understanding the Impact of Recent Flooding
Flash flooding recently ravaged the Upper Ohio Valley, leading to significant destruction across local communities. Homes, businesses, vehicles, and vital infrastructure suffered immense damage, resulting in tragic loss of life and an urgent need for long-term recovery solutions. The collaboration between WesBanco, the Paisley Foundation, and CFOV will address these challenges, providing essential support to those in need.
Funding Initiatives for Recovery
Both WesBanco and the Paisley Foundation have committed $25,000 each to kickstart this initiative, ensuring that 100% of donations received are allocated directly to recovery efforts in the affected eight-county region. The fund will not only address immediate needs but will also be a resource for future disasters that may impact the community.
Community Voices Supporting the Fund
Doug Paisley, Chairman of the Paisley Foundation Board, emphasizes the foundation's mission: "The goal of the Paisley Foundation is to be there for our neighbors in their time of need. We encourage everyone to participate in our ongoing recovery efforts. Every contribution can facilitate a positive change in our community, aiding in rebuilding lives and restoring hope."
Dave Klick, Upper Ohio Valley Market President at WesBanco, underlines the bank's commitment to the region: "We are proud to partner with local organizations to provide critical support. We invite other businesses and individuals to rally behind this initiative. Every contribution matters as we work towards recovery and restoration."
How to Get Involved
For those interested in contributing to the Disaster Response and Recovery Fund, donations can be made online or by mailing checks payable to the CFOV with 'Disaster Recovery' noted in the memo line. The mailing address for donations is:
Community Foundation for the Ohio Valley
1226 Chapline St
Wheeling, WV 26003
About WesBanco, Inc.
With a rich history spanning over 150 years, WesBanco, Inc. (NASDAQ: WSBC) is dedicated to fostering prosperity. As a community-focused financial services partner, the bank offers a wide range of retail and commercial banking solutions, trust and investment services, brokerage, and insurance products. WesBanco has approximately $27.4 billion in total assets and is committed to enhancing community life across the nine states it serves.
About the Paisley Foundation
The Paisley Foundation, established by Grammy-winning artist Brad Paisley, focuses on supporting charitable causes. Since its inception, the foundation has provided over $2.3 million in grants, with a significant portion supporting disaster relief efforts. Their commitment to philanthropic work exemplifies the power of community collaboration during trying times.
About the Community Foundation for the Ohio Valley
Since 1972, the Community Foundation for the Ohio Valley has enhanced community vitality through charitable actions. With assets totaling around $100 million, the foundation has distributed more than $3 million in grants and scholarships in the past year alone. Their initiatives help foster community betterment, making a lasting impact on local lives.
Frequently Asked Questions
What is the purpose of the Disaster Response and Recovery Fund?
The fund aims to support recovery efforts for individuals and families affected by flooding and future disasters in the Upper Ohio Valley.
Who is involved in creating this fund?
The fund is a collaboration between WesBanco, the Paisley Foundation, and the Community Foundation for the Ohio Valley (CFOV).
How can I contribute to the fund?
Contributions can be made online or by sending checks to CFOV with 'Disaster Recovery' noted.
What impact has the Paisley Foundation had in the community?
Since its establishment, the Paisley Foundation has granted over $2.3 million for various causes, particularly for disaster relief recovery, making a significant difference in local communities.
How does WesBanco support local communities?
WesBanco is committed to enhancing the welfare of communities through various initiatives, including financial support during times of crisis, showcasing their dedication to community empowerment.
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