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United Bankshares

#2805

Rank

$4.89B

Marketcap

US United States

Country

United Bankshares
Leadership team

Mr. Richard M. Adams Sr. (Exec. Chairman)

Mr. Richard Matthew Adams Jr., M.D. (CEO & Director)

Mr. James J. Consagra Jr., CPA (Pres)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Charleston, West Virginia, United States
Established
1983
Company Registration
SEC CIK number: 0000729986
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
UBSI
Overview
Location
Summary
United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, NOW accounts, and interest-bearing checking accounts. Its loan products include commercial loans and leases; construction and real estate loans; personal, student, credit card, commercial, and floor plan loans; and home equity loans. In addition, the company provides credit cards; safe deposit boxes, wire transfers, and other banking products and services; investment and security services; services to correspondent banks, including buying and selling federal funds; automated teller machine services; and internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services. As of December 31, 2021, the company operated 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.
History

The company traces its roots to St. Patrick's Day 1839, when Northwestern Bank of Virginia opened an office in Parkersburg ; every St. Patrick's Day, it gives shamrocks to its customers. That office eventually evolved into Parkersburg National Bank.

In 1982, Parkersburg National began reorganizing as a holding company, United Bankshares. In 1984, United commenced full operations when it acquired Parkersburg National and two other banks. Richard Adams has been chairman and/or CEO of United and its predecessor, Parkersburg National, since 1975.In 1987, the company became a public company via an initial public offering.

Acquisitions

The company has made the following acquisitions:

Mission
United Bankshares’ mission is to provide best-in-class financial services and solutions to our customers, empowering them to reach their goals and dreams.
Vision
United Bankshares is dedicated to becoming the leading provider of financial services and solutions in the markets we serve.
Key Team

Mr. W. Mark Tatterson (Exec. VP, CFO & Treasurer)

Mr. Jerold L. Rexroad CPA, CPA (Exec. VP & Director)

Mr. Matthew Lee Humphrey (Head of Wealth & Investment Management)

Mr. Darren K. Williams (Exec. VP and Chief Information & Risk Officer)

Ross M. Draber (Chief Admin. Officer)

Mr. Douglas Bryon Ernest (Exec. VP & Chief Credit Officer)

Charles J. Mildren (Chief Consumer Banking Officer)

Recognition and Awards
United Bankshares and its executive management team have received numerous awards throughout the years, including being named as one of the 'Most Admired Companies' in the United States by Fortune magazine in 2020.
References
United Bankshares
Leadership team

Mr. Richard M. Adams Sr. (Exec. Chairman)

Mr. Richard Matthew Adams Jr., M.D. (CEO & Director)

Mr. James J. Consagra Jr., CPA (Pres)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Charleston, West Virginia, United States
Established
1983
Company Registration
SEC CIK number: 0000729986
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
UBSI