This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

UBSI Holds Annual Shareholders Meeting

United Bankshares, Inc. (NASDAQ: UBSI), a $11.9 billion regional banking company with dual headquarters in Charleston, WV and Washington, DC, held its Annual Meeting of Shareholders today at The Ritz-Carlton Hotel in McLean, VA.

United Bankshares, Inc. (UBSI) is ranked the 48th largest banking company in the U.S. based on market capitalization and is celebrating its 175 th anniversary of banking tradition. United consists of 133 full-service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, DC. United’s Virginia-Metro-DC bank subsidiary is the largest independent banking franchise headquartered in the Greater Washington Area.

“2013 was another successful year for United, as we were able to increase the dividends to shareholders for the 40 th consecutive year. We are one of only two major banking companies in the USA to achieve such a record, which is evidence of our consistent profitability, solid asset quality, and sound capital position,” stated Richard Adams, United Chairman & CEO. He also commented that, “Before tax earnings increased from $121 million to $125 million, with earnings per share increasing from $1.64 to $1.70.”

“In January of this year, we completed the 29 th acquisition of the current administration, Virginia Commerce Bancorp, Inc. I would like to officially welcome all of our new shareholders from VCBI. We are very happy to have you on our United team,” Adams stated. With the addition of VCBI, United is now the dominant independent bank headquartered in the Nation’s Capital.

During the meeting, it was announced that the following directors were elected by the Shareholders to serve on the Board of Directors until the next Annual Meeting in 2015: Richard M. Adams, Chairman and Chief Executive Officer; Robert G. Astorg, CPA and Managing Member of Astorg and Koreski, PLLC; W. Gaston Caperton, III, Former President of The College Board, Chairman of the Caperton Group, and Former Governor of the State of West Virginia; Peter A. Converse, Former President and CEO of Virginia Commerce Bancorp, Inc; Lawrence K. Doll, President of The Lawrence Doll Co. and Lawrence Doll Homes, LLC; W. Douglas Fisher, Former Chairman of the Board of Virginia Commerce Bancorp, Inc.; Theodore J. Georgelas, Managing Director of the Georgelas Group, LLC; Douglas J. Leech, Former Chairman, President and Chief Executive Officer of Centra Financial Holdings, Inc; John M. McMahon, Chairman, Miller & Long Co., Inc.; J. Paul McNamara, Chairman, Potomac Capital Advisors; Mark R. Nesselroad, Chief Executive Officer, Glenmark Holding, LLC; William C. Pitt, III, Former President and CEO, The Greenbrier and CSX Hotels; Mary K. Weddle, CPA; Gary G. White, President and Chief Operating Officer, International Resources Partners LP; and P. Clinton Winter, Jr., President of Bray & Oakley Insurance Agency.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs