Cincinnati, OH — June 12, 2025 — Warsaw Federal Savings & Loan (Warsaw Federal), an independent mutual and Minority Depository Institution (MDI) bank, announced the closing of its first round of investments with an additional $1.5 million by WesBanco Bank and The Western and Southern Life Insurance Company in its $5.0 million private placement of Additional Tier 1 (AT1) Capital Instruments.

The funds help Warsaw Federal provide expanded access to financial resources and promote economic vitality in the greater Cincinnati area. These crucial investments mark a transformative phase of growth, for both Warsaw Federal and the people and communities it serves.

“Warsaw Federal is rooted in mutuality, which means we are committed locally with 100% of our support going to the small businesses, neighborhoods and people who call our community home,” said Robie K. Suggs, Warsaw Federal president and CEO. “MDIs are vital anchor institutions for government, philanthropy and private sectors to partner with in facilitating community development and economic mobility, and these impactful investments will bolster our on-the-ground activities for an immediate positive effect on our community.”

After serving the residents and community of the East Price Hill neighborhood for 130 years, Warsaw Federal transitioned to an MDI in late 2023 and is now Cincinnati’s first MDI and only the second mutual MDI in the country. As a mutual MDI, Warsaw Federal is uniquely positioned as a catalyst to empower individuals, families, organizations and businesses to thrive in today’s economy.

WesBanco Bank has earned eight consecutive “Outstanding” FDIC Community Reinvestment Act ratings, meeting the credit needs of its communities, including low- and moderate-income neighborhoods.

“As a community-focused regional bank, WesBanco is deeply committed to helping our neighborhoods grow and succeed financially,” said Rick Wirthlin, Senior Vice President & Market President, Cincinnati. “We’re proud to make this meaningful investment in the Cincinnati market which reflects our dedication to building stronger communities where individuals and businesses alike can thrive.”

Janney Montgomery Scott served as financial advisor to Warsaw Federal in connection with the WesBanco transaction.

About Warsaw Federal

Warsaw Federal is an independent mutual bank and Minority Depository Institution (MDI) based in Cincinnati, Ohio. With a mission to empower undeserved communities to thrive in today’s economy, Warsaw Federal is proud to be only the second mutual MDI in the country. Warsaw Federal provides banking products and services to individuals and businesses in greater Cincinnati and the surrounding communities. warsawfederal.bank

About WesBanco, Inc.

With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our eight-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $27.4 billion in total assets, with our Trust and Investment Services holding $7.0 billion of assets under management and securities account values (including annuities) of $2.4 billion through our broker/dealer, as of March 31, 2025. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.