M&A Deal Summary

United Bank Acquires Fed One Bancorp

On October 1, 1998, United Bank acquired financial services company Fed One Bancorp for 92M USD

Acquisition Highlights
  • This is United Bank’s 11th transaction in the Financial Services sector.
  • This is United Bank’s 12th largest (disclosed) transaction.
  • This is United Bank’s 11th transaction in the United States.
  • This is United Bank’s 4th transaction in West Virginia.

M&A Deal Summary
Date 1998-10-01
Target Fed One Bancorp
Sector Financial Services
Buyer(s) United Bank
Deal Type Add-on Acquisition
Deal Value 92M USD

Target

Fed One Bancorp

Wheeling,, West Virginia, United States
Fed One Bancorp, Inc. operated as the holding company of Fed One Bank, a community-oriented financial institution.

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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 11 of 22
Sector (Financial Services) 11 of 21
Type (Add-on Acquisition) 11 of 19
State (West Virginia) 4 of 5
Country (United States) 11 of 22
Year (1998) 2 of 2
Size (of disclosed) 12 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-02 George Mason Bankshares

Fairfax,, Virginia, United States

George Mason Bankshares provided various financial services, such as individual and commercial checking, savings and time deposit accounts, commercial loans, real estate and consumer loans.

Buy $208M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-10 Century Bancshares

Washington, District of Columbia, United States

Century Bancshares, Inc. operates as a bank holding company for the Century National Bank. The Bank provides financial products and services.

Buy $70M
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