WesBanco creates Jerome B. Schmitt Scholarship - WOWK 13 Charleston, Huntington WV News, Weather, Sports

WesBanco creates Jerome B. Schmitt Scholarship

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • UPDATE: Route 2 now open following tractor trailer accident

    UPDATE: Route 2 now open following tractor trailer accident

    Monday, August 25 2014 4:00 PM EDT2014-08-25 20:00:48 GMT
    A tractor trailer is blocking part of Route 2. The road is closed until further notice. Drivers heading in both direction are being asked to use the Big Ben Bowen Highway connector by Target to get around.
    A tractor trailer is blocking part of Route 2. The road is closed until further notice. Drivers heading in both direction are being asked to use the Big Ben Bowen Highway connector by Target to get around.
  • BusinessBusinessMore>>

  • Union workers at Frontier OK 3-year contract

    Union workers at Frontier OK 3-year contract

    Monday, September 1 2014 12:17 PM EDT2014-09-01 16:17:18 GMT
    The new contract will expire in August 2017. It covers about 1,500 employees in 42 West Virginia counties.
    The new contract will expire in August 2017. It covers about 1,500 employees in 42 West Virginia counties.
  • Shale activity spurs WesBanco growth

    Shale activity spurs WesBanco growth

    Monday, September 1 2014 10:00 AM EDT2014-09-01 14:00:29 GMT
    Managing growth has been a problem for some companies in the shale gas region of West Virginia, leading WesBanco to provide services to help them.
    Managing growth has been a problem for some companies in the shale gas region of West Virginia, leading WesBanco to provide services to help them.
  • WV workforce lacks oil and gas expertise — for now

    WV workforce lacks oil and gas expertise — for now

    Sunday, August 31 2014 5:00 PM EDT2014-08-31 21:00:19 GMT
    Despite the relatively high amount of natural gas production in West Virginia, less than 3 percent of employees in some of the major occupations that make up the sector's workforce live in the Mountain State.
    Despite the relatively high amount of natural gas production in West Virginia, less than 3 percent of employees in some of the major occupations that make up the sector's workforce live in the Mountain State.

The Jerome B. Schmitt Scholarship has been created by WesBanco in memory of the bank's executive vice president and president of the Community Foundation for the Ohio Valley board of trustees.

This fund is a result of a $26,000 donation to the CFOV and will be used to assist students in obtaining a business, accounting, finance or a similar degree from West Liberty University. The fund is open to additional donations from individuals in the community who would like to honor Schmitt.

"We are honored to be entrusted with funds for scholarships dedicated to local students who are pursuing a degree in our expanded business curriculum. Jerry was a friend and long-time supporter of West Liberty University. His dedication and memory will live on at the school through these scholarships made in his name," said President Robin. C. Capehart.

Schmitt joined WesBanco in 1972, the same year the community foundation was established in Wheeling. Schmitt was a graduate of both West Liberty and Ohio University. Prior to his passing in 2013, he was the executive vice president of Trust and Investment Services at WesBanco, managing the bank's trust services and served as an investment advisor to the bank's WesMark Family of Mutual Funds that he was instrumental in forming.

Schmitt became involved with the Community Foundation early in his career. Before the foundation was able to employ staff, he administered the funds out of his office at WesBanco. As the foundation grew and staff was added, he became a board member, eventually serving as president of the board of trustees. Under his leadership, the CFOV grew to become an organization for both donors and nonprofit organizations in the Ohio Valley. Schmitt also worked to merge the CFOV with the Community Foundation of Jefferson County, Ohio.

"Jerry was a dedicated leader of the CFOV. He truly cared about the foundation and worked hard to help it grow. He was especially proud of the scholarship program through the CFOV. To that end, WesBanco has established the Jerome B. Schmitt Memorial Scholarship Fund. The scholarship will be available to students attending West Liberty University majoring in business. Applications will be available in January of 2014," said CFOV Executive Director, Susie Nelson.

WesBanco Inc., a bank holding company incorporated in 1968 and headquartered in Wheeling, W.Va., offers a full range of financial services including retail banking, corporate banking, personal and corporate trust services, brokerage services, mortgage banking and insurance.