May 28, 2014
Virginia banks show growth in profits, employees
Virginia banks earned $1.61 billion in profits during the first quarter, up 2.85 percent from $1.56 billion at the end of March 2013, according to quarterly data released Wednesday by the Federal Deposit Insurance Corp. The number of FDIC-insured banks declined by five over the past year, to 101, with three of the missing institutions in Northern ... (more)
UBSI Holds Annual Shareholders Meeting
United Bankshares, Inc. is ranked the 48th largest banking company in the U.S. based on market capitalization and is celebrating its 175th anniversary of banking tradition.
Cardinal, United bank acquisitions among 20 most expensive nationwide
Cardinal's acquisition of United Financial Banking Cos. ranked in the top 20 most expensive deal since Jan. 1, 2013 in terms of price-to-tangible book ratio.
United Bankshares announces earnings
Earnings for the quarter were $30.1 million or 48 cents per diluted share, an increase from earnings for the first quarter of 2013 of $21.6 million or 43 cents per diluted share.
United Bankshares Earnings Boosted by Virginia Commerce Acquisition
United Bankshares' earnings increased during the first quarter, with support from the completion of its Virginia Commerce Bancorp acquisition and sale of one of its own branches.