As a managing director in the industry consultants and advisors group, Bob fosters entrepreneurship and the diversification of business ideas and has a passion for helping others achieve their goals. With over 40 years of experience in the financial services industry, Bob has consistently delivered strategic initiatives and innovative solutions that have propelled organizations to achieve sustainable growth. His expertise has allowed him to be a trusted advisor, servant leader, and mentor to community partners.
Prior to joining FBT, Bob served as the market president of Fifth Third Bank in which he coordinated business development and decision-making activities for their retail, commercial and wealth asset management divisions in West Virginia. During his leadership at Fifth Third, Bob was an instrumental figure in a large healthcare merger relationship. Bob also sourced a $50 million loan relationship in the healthcare space and a $55 million personal investment relationship.
Bob provides consulting services for clients and does not act as a lawyer for or provide legal advice to clients.
In 2010, Bob was appointed by Governor Joe Manchin to the West Virginia Jobs Investment Trust (WVJIT) Board of Directors. The WVJIT was created by the West Virginia State Legislature as a public venture capital fund to develop, promote, and expand West Virginia’s economy by making investment funds available to eligible businesses, thus stimulating economic growth and creating or retaining jobs within the state.
Bob served as Vice Chairman of the WVJIT until 2021 and was a driving force in the growth and prosperity of the fund. He was instrumental in the formation of the West Virginia Capital Access program (WVCAP). This program was formed to assist credit-worthy companies that may not fit traditional lending models and is managed by the WVJIT staff. The two programs are the WVCAP Seed Capital Co-Investment Fund and the Subordinated Debt Fund.
Bob provides consulting services for clients and does not act as a lawyer for or provide legal advice to clients.
Bob served as Vice Chairman of a technology research company and was heavily involved in the executive, audit, and compensation committees. Bob served as a consultative resource in matters relating to new business development, networking, sales forecasting/reporting and retention for this organization.
West Virginia Executive Magazine “Sharpshooters”, Inaugural class, 2016
West Virginia State Journal Magazine, “Who’s Who in West Virginia Business,” 2019
MATRIC Board of Directors, Vice Chairman, 2013 to 2023
West Virginia CEO Roundtable, Board of Directors, Secretary
President’s Advisory Board, University of Charleston
West Virginia University College of Business & Economics Visiting Committee, Member
St. Mary’s Medical Center Foundation Board of Directors, former Chairman
West Virginia Jobs Investment Trust Board of Directors, former Vice-Chairman
YMCA Spirit of the Valley, Vice-Chairman
First Presbyterian Church of Charleston, Trustee
Rotary Club of Charleston, former member of Board of Directors and President, 2020-2021
Buckskin Council Boy Scouts of America, Friends of Scouting, former Chairman
March 4, 2024 | Press Releases
Frost Brown Todd (FBT) announced today that Bob Welty has joined the firm as a Managing Director in ...