M&A Deal Summary

United Bank Acquires CB&T-Westover Bank

On September 13, 1993, United Bank acquired financial services company CB&T-Westover Bank for 8M USD

Acquisition Highlights
  • This is United Bank’s 6th transaction in the Financial Services sector.
  • This is United Bank’s 20th largest (disclosed) transaction.
  • This is United Bank’s 6th transaction in the United States.
  • This is United Bank’s 3rd transaction in West Virginia.

M&A Deal Summary
Date 1993-09-13
Target CB&T-Westover Bank
Sector Financial Services
Buyer(s) United Bank
Deal Type Add-on Acquisition
Deal Value 8M USD
Advisor(s) Bowles Rice (Legal)

Target

CB&T-Westover Bank

Westover, West Virginia, United States
CB&T-Westover Bank engages in the financial services.

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Buyer(S) 1

Buyer

United Bank

Charleston, West Virginia, United States
Category Company
Founded 1982
Sector Financial Services
Employees2,716
Revenue 1.0B USD (2023)
DESCRIPTION

United Bank is a bank holding company with full service banking offices in West Virginia, Virginia, Washington, DC, Maryland, Ohio, and Pennsylvania. United Bank was founded in 1982 and is based in Charleston, West Virginia.

DEAL STATS #
Overall 6 of 22
Sector (Financial Services) 6 of 21
Type (Add-on Acquisition) 6 of 19
State (West Virginia) 3 of 5
Country (United States) 6 of 22
Year (1993) 2 of 2
Size (of disclosed) 20 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-09-01 Financial Future

United States

Financial Future Corp is a provider of financial services for Individuals and commercials.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-10-31 First Commercial Bank

Arlington, Virginia, United States

First Commercial Bank is a provider of various banking services for commercial and individuals.

Buy $11M
Mergr

Product

Company

Legal