United Bank - M&A Summary and Business Overview

Financial ServicesCompany

United Bank M&A Summary

United Bank has acquired 21 companies, including 2 in the last 5 years. It has also divested 1 asset.

United Bank’s largest acquisition to date was in 2019, when it acquired Carolina Financial for $1.1B. United Bank has acquired in 8 different US states. The Company’s most targeted sectors include financial services (96%) and insurance (5%).

United Bank Business Overview

Where is United Bank headquartered?

United Bank is headquartered in Charleston, West Virginia.

What is United Bank’s revenue?

United Bank disclosed revenue of 1,040M USD for 2022 and 1,007M USD for 2021.

How many employees does United Bank have?

United Bank has 3,051 employees.

What sector is United Bank in?

United Bank is a financial services company.

When was United Bank founded?

United Bank was founded in 1982.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity21
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 6

United Bank

United Bankshares Inc.

300 United Center 500 Virginia Street, East,
Charleston, West Virginia 25301
United States,
(304) 424-8716
www.ubsi-inc.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 20 - 1 - - - 21
vol $3.8B $303M $4.1B
Sell (0.0/yr) # 1 - - - - - 1
  22

Most Recent M&A

Company Date Value Type
Community Bankers Trust Corp. 2021-06-03 303M USD Merger
Richmond, Virginia · www.cbtrustcorp.com
Carolina Financial Corp. (CresCom Bank) 2019-11-18 1.1B USD Merger
Charleston, South Carolina · www.haveanicebank.com
Cardinal Financial Corp. 2016-08-18 912M USD Merger
McLean, Virginia · www.cardinalbank.com
Bank of Georgetown 2015-11-09 269M USD Add-on Acquisition
Washington, District of Columbia · www.bankofgeorgetown.com
Virginia Commerce Bancorp Inc. 2014-01-31 467M USD Add-on Acquisition
Arlington, Virginia · www.vcbonline.com
Liberty Bancshares, Inc. 2013-06-25 - Divestiture
Springfield, Montana
Centra Financial Holdings Inc. 2011-07-08 185M USD Add-on Acquisition
Morgantown, West Virginia
McIntosh Financial Services, Inc. 2011-06-17 - Add-on Acquisition
Jackson,, Georgia · www.mcintoshbancshares.com/mfs.asp
Premier Community Bankshares Inc. 2007-07-14 200M USD Add-on Acquisition
Winchester,, Virginia
Sequoia Bancshares, Inc 2003-10-10 112M USD Add-on Acquisition
Bethesda, Maryland
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 20 (95%) 4.1B (100%) 1 (100%) -
Insurance 1 (5%) - - -
Total 21 $4.1B 1 -

By Geo

State/Country Buy Value Sell Value
United States 21 4.1B 1 -
  Virginia 7 2.1B - -
  West Virginia 5 312M - -
  Georgia 2 93M - -
  District of Columbia 2 339M - -
  Montana 1 12M 1 -
  Maryland 1 112M - -
  South Carolina 1 1.1B - -
Total 21 $4.1B 1 -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
 4
Keefe, Bruyette, & Woods, Inc.
 2
Performance Trust Capital Partners LLC
 1
Legal Deals
Bowles Rice
 16
Porter Wright Morris & Arthur LLP
 1
Sullivan & Cromwell
 1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 8 $2.7B
< $100M 11 $380M
TOTAL $4.1B
Largest Carolina Financial Corp. (CresCom Bank)
$1.1B (2019-11-18)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Financial Services

Revenue

1,040   4% 2022
1,007   3% 2021
1,031   42% 2020
727   2% 2019
713   6% 2018
679   38% 2017
494   2016
(millions of USD) Show More Show Less

Employees

3,051

Established

1982

Public

NASDAQ: UBSI

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