secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2021-12-03T23:59:59+00:00
Accession:  0001193125-21-347984
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Bankshares completes acquisition of Community Bankers Trust; adds $1.7B assets
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- Deal closed Dec 3, 2021; ESXB shareholders received 0.3173 UBSI shares per share.
- United now has ~$29B assets and ~250 offices across 9 states.
- Former Community Bankers Trust CEO Rex L. Smith III retained as Regional President for former Essex Bank locations.
- United assumed $4.124M Floating Rate Junior Subordinated Debentures due 2033.
- Transaction adds $1.7B in assets from Essex Bank; strengthens Mid-Atlantic and SE presence.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312521347984/0001193125-21-347984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312521347984/d329833d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-347984

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer