United Bankshares to buy Piedmont Bancorp in $267 million deal [Yahoo! Finance Canada]
United Bankshares, Inc. (UBSI)
Last united bankshares, inc. earnings: 4/30 07:50 am
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US:NASDAQ Investor Relations:
irsolutions.snl.com/corporateprofile.aspx?iid=100469
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Source: Yahoo! Finance Canada
WHY IT'S IMPORTANT High interest rates, exposure to commercial real estate and muted loan activity have clouded the outlook for regional U.S. lenders which are more susceptible to economic fluctuations compared with larger so-called 'too-big-to-fail' rivals. Last year, the failure of three mid-sized U.S. banks reverberated across the global financial system. In the aftermath, Treasury Secretary Janet Yellen had said the current banking environment and pressures on earnings of some U.S. regional banks may lead to some consolidation in the sector. ADVERTISEMENT CONTEXT United Bankshares expects the acquisition will expand its reach in the greater Atlanta area. Its stock is down nearly 9% this year, through previous close, giving it a market cap of about $4.63 billion. Piedmont's CEO Monty Watson will serve as regional president responsible for Georgia operations at United Bankshares after the deal closes. Late last month, regional lender UMB Financial Corp agreed to buy
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UBSI
News
- United Bankshares, Inc. Holds Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- United Bankshares, Inc. Holds Annual Meeting of ShareholdersBusiness Wire
- United Bankshares Declares Second Quarter DividendBusiness Wire
- United Bankshares to buy Piedmont Bancorp in $267 million deal [Reuters]Reuters
- United Bankshares Expands Into Atlanta With Piedmont Bancorp Acquisition, Eyes $267M Deal [Yahoo! Finance]Yahoo! Finance
UBSI
Earnings
- 4/25/24 - Miss
UBSI
Analyst Actions
- 4/26/24 - Stephens & Co.
UBSI
Sec Filings
- 5/10/24 - Form 10-Q
- 5/10/24 - Form 425
- 5/10/24 - Form 8-K
- UBSI's page on the SEC website