United Bankshares, Inc. Completes Its Acquisition of Carolina Financial Corporation

05/02/2020 | Corporate & Financial

WASHINGTON, D.C. & CHARLESTON, WV-- United Bankshares, Inc. (“United”)(NASDAQ: UBSI), announced the completion of its acquisition of Carolina Financial Corporation (“Carolina Financial”) (NASDAQ: CARO), the parent company of CresCom Bank (“CresCom”) with $4.8 billion in assets, headquartered in Charleston, South Carolina. United now has $25 billion in assets, with 230 offices in West Virginia, Virginia, Ohio, Pennsylvania, Maryland, North Carolina, South Carolina, Georgia, and the nation’s capital.

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