United Bank Commemorates 183 Years of Excellence in Service

United Bank Commemorates 183 Years of Excellence in Service

03/16/2022 | Corporate News

Contact: Blair Dowler
Sr. Marketing Specialist

Vienna, Va. & Parkersburg, W.Va.-- United Bank, originally known as the Northwestern Bank of Virginia, first opened its doors on March 17, 1839. That special day has led to a longstanding bank tradition of celebrating St. Patrick’s Day, along with its anniversary, each year. This St. Patrick’s Day, the Bank celebrates 183 years of service to its customers and communities.

To show its appreciation for nearly two centuries of unwavering support, United invites the customers and members of the community to visit a local branch this Thursday, March 17, and join the anniversary celebration.

“Over 180 years ago, we established a rich tradition of providing people-focused and community-minded financial services,” stated Chairman of the Board and Chief Executive Officer, Richard M. Adams. “Our mission has always been to provide excellence in service to our team members, our customers, our shareholders and our communities. That mindset remains steadfast and has us positioned well for continuous growth and financial stability. Celebrating our anniversary with the community is our way of showing how continuously thankful we are for those who have supported us throughout the years.”

Throughout 46 years of the current administration and 33 acquisitions, United has grown from a single office, $100 million bank to one of the most successful regional financial services companies in the nation, with approximately $29.3 billion in assets and nearly 250 offices located throughout West Virginia, Virginia, Washington, D.C., Maryland, Pennsylvania, Ohio, Georgia, North Carolina and South Carolina.

United’s 183rd anniversary trails another highly momentous year for the Bank. One of the most successful years in the company’s history, United Bankshares, Inc., United Bank’s parent company, reported record earnings in 2021, outperformed its Federal Reserve peer group and increased dividends to its shareholders for the 48th consecutive year – an achievement shared by only one other major banking company in the nation. United also successfully completed its acquisition of Community Bankers Trust Corporation on December 3, 2021, expanding its presence in the Virginia and Maryland markets. The merger brought together two high-performing banking companies and strengthened United’s position as one of the largest and best performing regional banking companies in the Mid-Atlantic and Southeast.

About United Bankshares, Inc.

As of December 31, 2021, United had consolidated assets of approximately $29.3 billion. United is the parent company of United Bank which comprises nearly 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".

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