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WASHINGTON, D.C. and CHARLESTON, WV — United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, announced the completion of its acquisition of Community Bankers Trust Corporation (“Community Bankers Trust”) (NASDAQ: ESXB), the parent company of Essex Bank with $1.7 billion in assets, headquartered in the greater Richmond region. United now has approximately $29 billion in assets, with nearly 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio.

WASHINGTON, D.C. and CHARLESTON, WV — United Bankshares, Inc. (NASDAQ: UBSI) (“United”), today reported earnings for the third quarter and first nine months of 2021. Earnings for the third quarter of 2021 were $92.2 million, or $0.71 per diluted share, as compared to earnings of $103.8 million, or $0.80 per diluted share, for the third quarter of 2020. Earnings for the first nine months of 2021 were $293.9 million, or $2.27 per diluted share, as compared to earnings of $196.7 million, or $1.68 per diluted share, for the first nine months of 2020.

WASHINGTON, D.C. and CHARLESTON, WV — United Bankshares, Inc. (“United”) (NASDAQ: UBSI) today announced that its Board of Directors declared a fourth quarter dividend of $0.36 per share for shareholders of record as of December 2, 2021. Dividends per share of $1.41 for the year 2021 represents an increase over the $1.40 per share paid for the year of 2020. The dividend payout of approximately $46.5 million on 129.2 million shares is payable January 3, 2022.

WASHINGTON, D.C. and CHARLESTON, WV — United Bankshares, Inc. (“United”) (NASDAQ: UBSI), announced it has received all requisite regulatory approvals for its proposed merger with Community Bankers Trust Corporation (“Community Bankers Trust”) (NASDAQ: ESXB).
On June 3, 2021, United, the parent company of United Bank, first announced that it entered into a definitive merger agreement with Community Bankers Trust, the parent company of Essex Bank. The Board of Governors of the Federal Reserve System and the Virginia State Corporation Commission recently provided approval for the pending acquisition.

Parkersburg, W.Va. — United Bank Chief Consumer Banking Officer, Chad Mildren, was recently named Chairman of the 2021-2022 West Virginia Bankers Association Board of Directors, assuming the role at the conclusion of the recent WVBankers/Ohio Bankers League 2021 Joint Convention.

WASHINGTON, D.C., CHARLESTON, WV, and RICHMOND, VA — United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, and Community Bankers Trust Corporation (“Community Bankers Trust”) (NASDAQ: ESXB), the parent company of Essex Bank, today announced that they have entered into a definitive merger agreement.

WASHINGTON, D.C. & CHARLESTON, WV — During its Annual Meeting of Shareholders held today, United Bankshares, Inc. (United), a $27 billion regional financial services company, announced the election of Charles L. Capito, Jr. to its board of directors. Capito is the former Managing Director of the Wells Fargo Advisors Complex in West Virginia.

WASHINGTON, D.C. & CHARLESTON, WV — United Bankshares, Inc. (United), a $27 billion regional financial services company, virtually held its Annual Meeting of Shareholders on Wednesday, May 12, 2021.

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