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United Bankshares, Inc. Announces Pricing of its Common Stock Offering
WASHINGTON, D.C. and CHARLESTON, WV — United Bankshares, Inc. (“United”) (NASDAQ: UBSI) today announced that it priced 4,330,000 shares of its common stock (the “Common Stock”) in a registered public offering.
United intends to use the net proceeds of this offering to provide capital support for the growth of United and for other general corporate purposes. The offering is expected to close on December 21, 2016, subject to customary closing conditions.
J.P. Morgan Securities LLC acted as sole book-running manager for the offering. Read the full article here.