United Bankshares, Inc. receives final regulatory approval for Piedmont Bancorp Acquisition
December 3, 2024
United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, announced it has received all requisite regulatory approvals for its proposed merger with Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank.
This merger strengthens United’s position in the Mid-Atlantic and Southeast. The combined organization will have more than $32 billion in assets and a network of over 240 locations across eight states and Washington, D.C., in some of the nation’s most desirable banking markets. This transaction represents United’s 34th acquisition.
About United Bankshares, Inc.
As of September 30, 2024, United had consolidated assets of approximately $30 billion. United is the parent company of United Bank, which comprises more than 225 offices located throughout Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI”.
