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Stock impact report

United Bankshares, Inc. Receives Final Regulatory Approval for Piedmont Bancorp Acquisition

United Bankshares, Inc. (UBSI) 
Last united bankshares, inc. earnings: 4/30 07:50 am Check Earnings Report
Company Research Source: Business Wire
WASHINGTON, D.C. & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, today announced it has received all requisite regulatory approvals for its proposed merger with Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank.“We are pleased to have received regulatory approval from the Federal Reserve and state banking authorities for this merger, and we remain excited about expanding our footprint into the greater Atlanta area,” said Richard M. Adams, Jr., CEO of United Bankshares, Inc. “We look forward to bringing these two strong companies together to deliver excellence in service to customers and communities across this thriving market.”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 desir Show less Read more
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