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WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana. [1] WesBanco is the second-largest bank headquartered in West Virginia, after United Bank.
In 1910, attorney Arthur J. Morris (1881–1973) opened the Fidelity Savings and Trust Company in Norfolk, Virginia, which made small loans to working people under a concept he called the "Morris Plan". Under this lending approach, would-be borrowers had to submit references from two people of like character and earning-power to prove the ...
In 1965, it acquired Meadow Brook Bank for $106.7 million in stock. [1] In 1969, CIT entered the personal and home equity loan and leasing business and left auto financing. In 1979, restrictive banking rules forced CIT to sell its bank, National Bank of North America. CIT was acquired by RCA Corporation in 1980. RCA promptly sold CIT's four ...
Credit Acceptance repossesses 35 percent of the cars it finances. [8] The company has also been criticized for its opaque accounting. According to an article by Aaron Back for the Wall Street Journal, "The problem is that the company’s unique accounting practices make it difficult to see how its loans are really doing. Credit Acceptance uses ...
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In 1980, Farmers & Merchants Bank, Milford Center and The First National Bank of Burton merged with Huntington Bancshares. [14] In 1981, the bank acquired Alexandria Bank Company and renamed it The Huntington State Bank, with a loan production office opening in Cincinnati. In 1982, the bank merged with the Reeves Banking and Trust Company. [14]
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