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Washington, D.C. and Charleston, W.Va. – United Bankshares, Inc., parent company of United Bank, is proud to announce that United has been named the Most Trustworthy Bank in America by Newsweek for 2023. Across 23 industries evaluated, United joined the list of the “Most Trustworthy Companies in America,” earning the No. 1 spot in the Banks category, outranking its second-place position following the inaugural survey in 2022.
After reviewing U.S. businesses, Newsweek presented its second annual ranking of Most Trustworthy Companies in America according to U.S. residents’ evaluations. The Most Trustworthy Companies were chosen based on a holistic approach to evaluating trust, focused on three key public touchpoints including customer trust, investor trust and employee trust.
“Earning a first-place ranking on Newsweek’s Most Trustworthy Companies in America list is a testament to our unyielding commitment to our mission of providing excellence in service to our customers, employees, shareholders and communities,” said Richard M. Adams, Jr., CEO, United Bankshares, Inc. “For more than 180 years, we have forged strong relationships built on a foundation of trust, and served our stakeholders with safe, sound and secure practices that have allowed our Company to weather any storm. Our commitment to being a trustworthy institution is deeply embedded in our culture, and we are honored to receive this recognition.”
United’s longstanding commitment to trust is guided by the Company’s core values of integrity, hard work, teamwork and caring. Since the Bank’s founding in 1839, its leading principles have helped United grow from a single-office bank to a premier regional banking company with a strong presence throughout the Mid-Atlantic and Southeast. Today, the Company holds approximately $29.5 billion in assets and serves a consumer and commercial customer base that is diversified across lines of business as well as geography, with nearly 250 offices located throughout Virginia, West Virginia, Maryland, Pennsylvania, Ohio, North Carolina, South Carolina, Georgia and Washington, D.C.
United recently celebrated its 184th anniversary following one of the most successful years in the Company’s history. In 2022, United achieved record earnings, record loan growth and one of the best total shareholder returns in the industry. In addition, the Company increased dividends to shareholders for the 49th consecutive year, a record only one other major banking company in the U.S. has achieved. United’s strong profitability, robust capital, disciplined expense control and conservative credit culture continue to be contributing factors to its success.
More information on this year’s Newsweek survey and winners may be found here.
ABOUT UNITED BANK
United Bank is a premier community bank and a subsidiary of United Bankshares, Inc. (NASDAQ: UBSI). United has consolidated assets of approximately $29.5 billion with nearly 250 offices located throughout Virginia, West Virginia, Maryland, Pennsylvania, Ohio, North Carolina, South Carolina, and Georgia, as well as Washington D.C. The Bank is dedicated to growing the relationships it has built since 1839 and offering a competitive suite of banking and lending products, treasury management, wealth management, mortgage services, personal and business credit cards, and more. For more information, visit BankWithUnited.com.
