United Bank

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

Retrieved on: 
Friday, March 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

Retrieved on: 
Monday, February 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

Retrieved on: 
Tuesday, February 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

Retrieved on: 
Wednesday, February 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

Retrieved on: 
Wednesday, January 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

Retrieved on: 
Thursday, January 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

Retrieved on: 
Thursday, December 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.

United Bank provides funding for the construction of The Vinings at Newport In Kingsland, Georgia

Retrieved on: 
Thursday, December 21, 2023
Housing, United Bank, School, Bank

ATMORE, Ala., Dec. 21, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $600,000 in soft financing to Vantage Development for the construction of The Vinings at Newport, a 96-unit affordable housing property for families in Kingsland, Georgia.

Key Points: 
  • ATMORE, Ala., Dec. 21, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $600,000 in soft financing to Vantage Development for the construction of The Vinings at Newport, a 96-unit affordable housing property for families in Kingsland, Georgia.
  • United Bank is also providing $5 million in construction financing to the project through its participation in US Bank's $20 million construction facility.
  • On-site amenities include a clubhouse featuring a community laundry facility and indoor fitness center.
  • An outdoor barbeque area and playground will also be available for residents' use.

United Bancorporation of Alabama announces semiannual dividend

Retrieved on: 
Wednesday, December 20, 2023
Community development, Economic development, Housing, United Bank, CDFI, OTCQX, Community development financial institution, FDIC

ATMORE, Ala., Dec. 20, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development, has announced a semiannual dividend of $0.35 per share.

Key Points: 
  • ATMORE, Ala., Dec. 20, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development, has announced a semiannual dividend of $0.35 per share.
  • The cash dividend will be payable on or near January 22, 2024 to stockholders of record as of December 31, 2023.
  • United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.4 billion financial holding company primarily serving Southwest Alabama and Northwest Florida.
  • United is a Community Development Financial Institution (CDFI), which recognizes its commitment to stimulating economic development in underserved communities.

United Bank provides funding for the construction of High Point Senior Apartments in Andalusia, Alabama

Retrieved on: 
Tuesday, December 19, 2023
Magnet, Workforce, United Bank, Southeastern United States, Gateway

ATMORE, Ala., Dec. 19, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $350,000 in soft financing to The Gateway Companies for the new construction of High Point Senior Apartments, a 56-unit senior affordable housing complex in Andalusia, Alabama.

Key Points: 
  • ATMORE, Ala., Dec. 19, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $350,000 in soft financing to The Gateway Companies for the new construction of High Point Senior Apartments, a 56-unit senior affordable housing complex in Andalusia, 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.
  • United Bank is also providing $3 million in construction financing to the project through its participation in Cadence Bank's $10.5 million construction facility.
  • The Gateway Companies develop, own and operate affordable, workforce, conventional and senior multi-family housing communities throughout the Southeastern United States.