United Bank

United Bankshares Declares Second Quarter Dividend

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수요일, 5월 15, 2024
Banking, Professional Services, Finance, United Bank, Holding company

United Bankshares, Inc. (“United”)(NASDAQ: UBSI ), today announced that its Board of Directors declared a second quarter dividend of $0.37 per share for shareholders of record as of June 14, 2024.

Key Points: 
  • United Bankshares, Inc. (“United”)(NASDAQ: UBSI ), today announced that its Board of Directors declared a second quarter dividend of $0.37 per share for shareholders of record as of June 14, 2024.
  • The dividend payout of approximately $52.7 million on 135.2 million shares is payable July 1, 2024.
  • The year of 2023 represented the 50th consecutive year of dividend increases for United shareholders.
  • United is the parent company of United Bank, which comprises more than 225 offices located throughout Washington, D.C., Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania, and Georgia.

United Bankshares, Inc. to Acquire Piedmont Bancorp, Inc.

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금요일, 5월 10, 2024
Personal Finance, Finance, Banking, Professional Services, Asset Management, Oliver Cromwell, Alston & Bird, United Bank, Region, Federal Reserve, Sullivan & Cromwell, United Bank (West Virginia), Acquisition, Federal, Financial services

United Bankshares, Inc. (“United”) (NASDAQ: UBSI ), the parent company of United Bank, and Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank, today announced they have entered into a definitive merger agreement under which United will acquire Piedmont.

Key Points: 
  • United Bankshares, Inc. (“United”) (NASDAQ: UBSI ), the parent company of United Bank, and Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank, today announced they have entered into a definitive merger agreement under which United will acquire Piedmont.
  • Pursuant to the merger agreement, United will acquire 100% of the outstanding shares of Piedmont in exchange for common shares of United.
  • “Piedmont is thrilled to join the United Bank family,” said Monty Watson, Chairman and CEO, The Piedmont Bank.
  • Piedmont will merge into United, and The Piedmont Bank will merge into United Bank, with United and United Bank being the surviving entities.

United Bank Modernizes Technology Stack, Drives Growth with Jack Henry

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목요일, 4월 11, 2024
Small business, CFDI, United Bank, Certification, Community development financial institution, Acquisition, Face, Community development, CDFI, JKHY, John Henry, Growth, Bank

MONETT, Mo., April 11, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today that United Bank selected Jack Henry to support its growth, modernize operations, and gain a competitive edge.

Key Points: 
  • Bank builds strategy to streamline processes, enhance retail and small business customer experience
    MONETT, Mo., April 11, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today that United Bank selected Jack Henry to support its growth, modernize operations, and gain a competitive edge.
  • United Bank needed a well-rounded and open technology provider to meet the needs of retail and small business customers and improve its lending and CFDI reporting.
  • The bank plans to continue its growth through a diversified approach, including organic growth, acquisitions, and geographic expansion.
  • "At Jack Henry, we take pride in helping banks like United Bank continue to serve their communities, especially amidst growing industry consolidation, and stay competitive and agile in the face of increasing consumer expectations and regulatory pressures."

United Bankshares, Inc. to Present at the Raymond James 45th Annual Institutional Investors Conference

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금요일, 3월 1, 2024
Banking, Professional Services, Finance, United Bank, Conference

United Bankshares, Inc. (“United”) (NASDAQ: UBSI ), will be presenting at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024, at 9:15 a.m. (Eastern).

Key Points: 
  • United Bankshares, Inc. (“United”) (NASDAQ: UBSI ), will be presenting at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024, at 9:15 a.m. (Eastern).
  • Speaking on behalf of United will be Rick Adams, Chief Executive Officer, and W. Mark Tatterson, Executive Vice President and Chief Financial Officer.
  • The presentation will include, among other things, a discussion of United’s financial performance and corporate objectives.
  • 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 Bankshares Declares First Quarter Dividend

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월요일, 2월 26, 2024
Banking, Other Professional Services, Professional Services, Finance, United Bank (West Virginia), United Bank, Holding company

United Bankshares, Inc. (NASDAQ: UBSI ) today announced that its Board of Directors declared a first quarter 2024 dividend of $0.37 per share for shareholders of record as of March 8, 2024.

Key Points: 
  • United Bankshares, Inc. (NASDAQ: UBSI ) today announced that its Board of Directors declared a first quarter 2024 dividend of $0.37 per share for shareholders of record as of March 8, 2024.
  • The dividend payout of approximately $49.9 million on 135.0 million shares is payable April 1, 2024.
  • The year of 2023 represented the 50th consecutive year of dividend increases for United shareholders.
  • 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.

M&T CHARITABLE FOUNDATION ANNOUNCES $8.2 MILLION IN GRANTS TO 68 NONPROFITS ACROSS NEW ENGLAND, LONG ISLAND, AND ROCKLAND COUNTY, NY

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화요일, 2월 13, 2024
RFF, Mental health, Woman, Education, United Bank, M&T Bank, Health, Youth, Tenant, Grief, YMHA, Literacy, People's United Financial, Education in Stamford, Connecticut, Fund, Organization, Infant, Amplification, Food security, Metro New York, Housing, MTB, Nursing

BUFFALO, N.Y., Feb. 13, 2024 /PRNewswire/ -- The M&T Charitable Foundation, the philanthropic arm of M&T Bank (NYSE: MTB), today announced $8.2 million in donations to 68 nonprofit organizations across New England and Long Island and Rockland County New York. The announcement is the second round of giving as part of the company's Amplify Fund grant, a commitment by M&T Bank to work with groups dedicated to addressing social issues through a racial equity and social justice lens in low- and moderate- income communities and underrepresented populations.

Key Points: 
  • First announced in May 2022 , the Amplify Fund is a $25 million philanthropic investment as part of the merger between People's United Bank and M&T Bank.
  • Powered by the M&T Charitable Foundation, the Amplify Fund is a one-time supplemental charitable giving program to provide further support in the legacy People's United communities.
  • Health Equity: Access to quality and affordable healthcare, with a priority on youth mental health and women and infant health.
  • "We are so honored to receive this transformational support from the M&T Charitable Foundation.

John Marshall Bank Hires Marie Brooks as Vice President, Branch Manager in the Loudoun Region

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수요일, 2월 7, 2024
Banking, Professional Services, Finance, Multimedia, History, United Bank, EVP, Frederick Community College, JMSB, Bank, Bell, JMB, Management

John Marshall Bank (“JMB” or the “Bank”), subsidiary of John Marshall Bancorp, Inc. (the “Company”) (Nasdaq: JMSB), is proud to announce the recent hire of Marie Brooks as Vice President, and Branch Manager of our Loudoun Banking Center.

Key Points: 
  • John Marshall Bank (“JMB” or the “Bank”), subsidiary of John Marshall Bancorp, Inc. (the “Company”) (Nasdaq: JMSB), is proud to announce the recent hire of Marie Brooks as Vice President, and Branch Manager of our Loudoun Banking Center.
  • Ms. Brooks brings 18 years of experience in cultivating and enhancing customer relationships to the Bank.
  • View the full release here: https://www.businesswire.com/news/home/20240207878755/en/
    Marie Brooks - VP, Branch Manager - Loudoun (Photo: Business Wire)
    Ms. Brooks most recently served as a Vice President, Branch Manager for United Bank in Purcellville, VA. She brings a history of financial expertise and strong leadership skills to the Bank and its Loudoun Market.
  • “We are very excited for Marie to join the JMB team and for the dynamic talent she brings to the Loudoun Region,” stated Kelly J.

United Bank provides funding for the construction of The Lenox in Augusta, Georgia

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수요일, 1월 24, 2024
Magnet, OTCQX, United Bank, LEED, City

ATMORE, Ala., Jan. 24, 2024 /PRNewswire/ -- United Bank (OTCQX:UBAB) has provided $440,000 in soft financing as well as a $6 million construction bridge loan to Woda Cooper Companies, Inc. for the construction of The Lenox, a new multi-family affordable housing complex in Augusta, Georgia.

Key Points: 
  • ATMORE, Ala., Jan. 24, 2024 /PRNewswire/ -- United Bank (OTCQX:UBAB) has provided $440,000 in soft financing as well as a $6 million construction bridge loan to Woda Cooper Companies, Inc. for the construction of The Lenox, a new multi-family affordable housing complex in Augusta, Georgia.
  • The soft financing is funded through United Bank's 2023 Capital Magnet Fund award from the CDFI Fund division of the US Treasury Department.
  • Located in downtown Augusta with close proximity to amenities, The Lenox supports the City of Augusta's goals of downtown redevelopment.
  • On-site amenities will include a laundry facility, clubhouse and community center,  a rooftop terrace, fitness center, playground, a covered picnic pavilion, and a computer center.

United Bank provides funding for the construction of River Pointe Apartments In Childersburg, Alabama

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목요일, 1월 4, 2024
Housing, United Bank, HVAC, Bath, Lighting

ATMORE, Ala., Jan. 4, 2024 /PRNewswire/ -- (OTCQX:UBAB) – United Bank has provided $4.6 million in construction financing to Hall Housing for the renovation of River Pointe Apartments, a 37-unit affordable housing facility for families in Childersburg, Alabama.

Key Points: 
  • ATMORE, Ala., Jan. 4, 2024 /PRNewswire/ -- (OTCQX:UBAB) – United Bank has provided $4.6 million in construction financing to Hall Housing for the renovation of River Pointe Apartments, a 37-unit affordable housing facility for families in Childersburg, Alabama.
  • The complex offers one- and two-bedroom apartment homes and will be extensively renovated including updated kitchens and baths, lighting, ceiling fans, and HVAC systems.
  • On-site amenities will include an upgraded clubhouse featuring a new computer center and community laundry, a new covered picnic pavilion with grills, an upgraded playground, and new outdoor fitness equipment available for residents' use.

United Bank provides funding for the construction of Arbours at Moore's Mill in Huntsville, Alabama

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목요일, 12월 28, 2023
Magnet, United Bank

ATMORE, Ala., Dec. 28, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $250,000 in soft financing to Arbour Valley Development for the construction of Arbours at Moore's Mill, an 80-unit affordable housing complex for elderly residents 62 and older in Huntsville, Alabama.

Key Points: 
  • ATMORE, Ala., Dec. 28, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $250,000 in soft financing to Arbour Valley Development for the construction of Arbours at Moore's Mill, an 80-unit affordable housing complex for elderly residents 62 and older in Huntsville, Alabama.
  • The soft financing is funded through United Bank's 2020 Capital Magnet Fund award from the CDFI Fund division of the US Treasury Department.
  • On-site amenities include a clubhouse featuring a community laundry facility, indoor fitness center, Wi-Fi lounge and business center.
  • An outdoor barbeque and picnic area with landscaped courtyard will also be available for residents' use.