WesBanco Appoints Richard Laws as Chief Legal Counsel
WesBanco, Inc. (NASDAQ: WSBC), a dynamic and multi-state bank holding company, has officially appointed Richard Laws as the new Chief Legal Counsel and Senior Executive Vice President. This strategic decision underscores the bank's drive to enhance its legal framework and support its ongoing growth initiatives.
Richard Laws Takes the Helm in Legal Leadership
With a wealth of over 25 years in legal expertise, Richard Laws will not only lead WesBanco's legal department but will also offer guidance to the executive team and the Board of Directors. His responsibilities encompass developing legal strategies, managing daily legal operations, and harmonizing efforts with external legal advisors to ensure robust support for the company’s operations.
A Vision for Growth and Collaboration
WesBanco President and CEO Jeff Jackson emphasizes the significance of this shift to in-house legal leadership: "Bringing legal leadership in-house represents a pivotal strategic evolution for our organization. Rich's extensive experience within the banking sector and his collaborative approach align perfectly with our culture and aspirations. His role will be vital as we navigate the complex landscape of modern banking, complementing the trusted guidance we've enjoyed from our external legal partners."
Richard Laws' Previous Experience and Contributions
Before joining WesBanco, Laws was the Chief Legal Officer and Corporate Secretary at Northwest Bank, a financial institution valued at $16 billion. In that role, he facilitated legal activities across various areas such as corporate governance, compliance, and mergers and acquisitions, and positively influenced the bank's operational legal frameworks.
In expressing his enthusiasm for his new role, Laws stated, "I am thrilled to assume the position of Chief Legal Counsel and to continue building upon WesBanco's legacy of success. The bank's mission to empower individuals and businesses resonates deeply with me. I plan to cultivate a top-tier legal department that reinforces this vision."
Laws' Educational Background and Teaching Experience
Aside from his corporate contributions, Richard Laws also contributed to legal education as an adjunct professor at Penn State Law. There, he designed courses focused on legal ethics and the evolving dynamics of in-house counsel roles, enriching the academic experience for future legal professionals.
Holding a law degree from Widener University School of Law, along with a bachelor’s degree from Juniata College, Laws combines academic credentials with extensive practical experience, positioning him as a strong asset for WesBanco.
Strategic Impact of WesBanco’s Recent Growth
Laws’ appointment follows the successful acquisition of Premier Financial Corp., indicating WesBanco’s commitment to not only expand its reach but also to enhance its operational structure. As the bank continues to grow in complexity, integrating legal leadership demonstrates WesBanco's dedication to ensuring long-term success.
Accolades continue to come for WesBanco, as they consistently rank highly, being recognized by Forbes as one of the Most Trusted Companies and by Newsweek as one of America's Best Regional Banks.
About WesBanco, Inc.
For over 150 years, WesBanco has been a community-oriented financial partner, assisting individuals and businesses with their financial needs. Headquartered in Wheeling, WesBanco leverages its experience and local insights to provide exceptional banking services, as well as trust, brokerage, and wealth management solutions designed to support customers on their financial journeys. With $27.6 billion in total assets and $7.2 billion in managed assets through its Trust and Investment Services, WesBanco remains committed to serving its diverse community effectively. Discover more at www.wesbanco.com and connect with us on social media.
Frequently Asked Questions
Who is Richard Laws?
Richard Laws is the newly appointed Chief Legal Counsel and Senior Executive Vice President of WesBanco, bringing extensive legal experience from the banking sector.
What is the role of Chief Legal Counsel?
The Chief Legal Counsel leads the legal department, advising senior executives and managing legal strategies and operations for the company.
What previous roles did Richard Laws hold?
Prior to his role at WesBanco, Laws served as Chief Legal Officer and Corporate Secretary at Northwest Bank.
Why is WesBanco appointing Richard Laws?
This appointment signifies a strategic decision to enhance in-house legal capabilities to better navigate the complexities of the banking industry.
What are WesBanco's recent accolades?
WesBanco has been recognized by Forbes as one of the Most Trusted Companies and by Newsweek as one of America's Best Regional Banks, highlighting its strong reputation.
