United Bankshares completes Virginia acquisition - WOWK 13 Charleston, Huntington WV News, Weather, Sports

United Bankshares completes Virginia acquisition

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United Bankshares announced Feb. 3 that it has completed the acquisition of Virginia Commerce Bancorp of Arlington, Va.

Virginia Commerce locations have been rebranded as United Bank locations.

"This acquisition significantly enhances the United footprint in the greater Washington, D.C., market, making us the dominant independent community bank headquartered in the area," Richard M. Adams, chairman of CEO of United Bankshares, said.

With completion of the acquisition, United Bankshares now has about $11.5 billion in assets and 133 full-service offices in Virginia, West Virginia, Pennsylvania, Maryland, Ohio, and Washington, D.C. Based on market capitalization, United is the 48th-largest banking company in the nation.

 

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