UNITED BANKSHARES INC/WV false 0000729986 0000729986 2024-11-29 2024-11-29

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

November 29, 2024

 

 

United Bankshares, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

West Virginia   No. 002-86947   55-0641179
(State or other jurisdiction of
incorporation or organization)		   (Commission
File Number)		   (I.R.S. Employer
Identification No.)

 

300 United Center
500 Virginia Street, East
Charleston, West Virginia 25301
(Address of Principal Executive Offices)

(304) 424-8800

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Common Stock, par value $2.50 per share   UBSI   NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 8.01 Other Events.

On November 29, 2024, United Bankshares, Inc. (“United”) received regulatory approval from the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) for the merger of Piedmont Bancorp, Inc. (“Piedmont”) with and into United pursuant to the Agreement and Plan of Merger, dated as of May 9, 2024, and the merger of The Piedmont Bank, a wholly-owned direct subsidiary of Piedmont, with and into United Bank, a wholly-owned direct subsidiary of United (the “Merger”). United and Piedmont previously received the necessary state banking regulatory approvals for the Merger. All requisite regulatory approvals have now been received and the Merger also has been approved by the stockholders of Piedmont.

The parties intend for the Merger to close in early 2025, subject to the satisfaction of customary closing conditions. The former Piedmont offices will operate under the DBA United Bankshares in the State of Georgia. The operational conversion is anticipated to take place in late first quarter of 2025.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    UNITED BANKSHARES, INC.
Date: December 2, 2024     By:  

/s/ W. Mark Tatterson

    W. Mark Tatterson, Executive Vice President
and Chief Financial Officer
v3.24.3
Document and Entity Information
Nov. 29, 2024
Cover [Abstract]  
Entity Registrant Name UNITED BANKSHARES INC/WV
Amendment Flag false
Entity Central Index Key 0000729986
Document Type 8-K
Document Period End Date Nov. 29, 2024
Entity Incorporation State Country Code WV
Entity File Number 002-86947
Entity Tax Identification Number 55-0641179
Entity Address, Address Line One 300 United Center
Entity Address, Address Line Two 500 Virginia Street
Entity Address, Address Line Three East
Entity Address, City or Town Charleston
Entity Address, State or Province WV
Entity Address, Postal Zip Code 25301
City Area Code (304)
Local Phone Number 424-8800
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, par value $2.50 per share
Trading Symbol UBSI
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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