United Bankshares Inc. conducts annual meeting of shareholders

By Staff Report, posted May 13, 2021 on BizFayetteville.com

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United Bankshares Inc., a $27 billion regional financial services company and headquartered in Washington, D.C. virtually conducted its Annual Meeting of Shareholders May 12.

United Chairman of the Board and Chief Executive Officer Richard M. Adams pointed to “strong performance for our shareholders, our team members, our customers, and our communities. 

During the current administration, United has grown from a single-office, $100 million bank in Parkersburg, West Virginia, to over $27 billion in assets and 223 offices in West Virginia, Virginia, Ohio, Pennsylvania, Maryland, North Carolina, South Carolina, Georgia, and the nation’s capital. 

As of December 31, 2020, United was ranked the 37th largest banking company in the nation based upon market capitalization. 

United Bankshares, Inc. has consolidated assets of approximately $27 billion and is the parent company of United Bank, comprising 203 full-service banking offices and 20 loan origination offices, including two offices in Fayetteville North Carolina as well as Virginia, West Virginia, Maryland, South Carolina, Ohio, Pennsylvania, Georgia and Washington, D.C. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI.”

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