M&A Deal Summary

United Bank Acquires Centra Financial Holdings

On July 8, 2011, United Bank acquired financial services company Centra Financial Holdings for 185M USD

Acquisition Highlights
  • This is United Bank’s 15th transaction in the Financial Services sector.
  • This is United Bank’s 9th largest (disclosed) transaction.
  • This is United Bank’s 16th transaction in the United States.
  • This is United Bank’s 5th transaction in West Virginia.

M&A Deal Summary
Date 2011-07-08
Target Centra Financial Holdings
Sector Financial Services
Buyer(s) United Bank
Deal Type Add-on Acquisition
Deal Value 185M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
DLA Piper (Legal)

Target

Centra Financial Holdings

Morgantown, West Virginia, United States
Centra Financial Holdings has $1.4 billion in assets and 15 offices and one loan origination office. Centra’s locations are in and surrounding the four strategic markets of Hagerstown, Maryland; Martinsburg, West Virginia; Morgantown, West Virginia; and Uniontown, Pennsylvania.

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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 16 of 22
Sector (Financial Services) 15 of 21
Type (Add-on Acquisition) 16 of 19
State (West Virginia) 5 of 5
Country (United States) 16 of 22
Year (2011) 2 of 2
Size (of disclosed) 9 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-17 McIntosh Financial Services

Jackson,, Georgia, United States

McIntosh Financial Services, Inc. is a provider of insurance brokerage services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-25 Liberty Bancshares

Springfield, Montana, United States

Liberty Bancshares, Inc. provides a financial services in US.

Sell -
Mergr

Product

Company

Legal