City of Charleston Finance Committee Meeting Agenda March 16 2026
WesBanco Selected for City's Workers’ Comp Letter of Credit
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Description
Charleston awarded WesBanco, Inc. the agreement to provide a $705,000 standby letter of credit as collateral for workers' compensation claims.
Contract Details
Contract Amount
$3,925 (0.5% of $705,000, plus $400)
Vendor
WESBANCO INC
Agency
City of Charleston, WV
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
Term starting March 31, 2026 (duration not explicitly stated)
Renewal Info
No automatic renewal stated; duration is for the collateral provision period as required by insurance agreement.
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