M&A Deal Summary

United Bank Acquires First National Bank of Weirton

On August 31, 1990, United Bank acquired financial services company First National Bank of Weirton for 4M USD

Acquisition Highlights
  • This is United Bank’s 2nd transaction in the Financial Services sector.
  • This is United Bank’s 21st largest (disclosed) transaction.
  • This is United Bank’s 2nd transaction in the United States.
  • This is United Bank’s 1st transaction in West Virginia.

M&A Deal Summary
Date 1990-08-31
Target First National Bank of Weirton
Sector Financial Services
Buyer(s) United Bank
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

First National Bank of Weirton

Weirton, West Virginia, United States
First National Bank of Weirton is a provider of 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 2 of 22
Sector (Financial Services) 2 of 21
Type (Add-on Acquisition) 2 of 19
State (West Virginia) 1 of 5
Country (United States) 2 of 22
Year (1990) 2 of 2
Size (of disclosed) 21 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-07-10 Bank First NA

United States

Bank First, NA provides personal and business banking products and services.

Buy $10M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1992-10-21 Liberty Bancshares

Springfield, Montana, United States

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

Buy $12M
Mergr

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