{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-135753","form_type":"8-K","ticker":"UBSI","cik":"0000729986","company_name":"UNITED BANKSHARES INC/WV","filed_at":"2024-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.853148+00:00","generated_at":"2026-06-02T04:24:38.139238+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"United Bankshares to acquire Piedmont Bancorp for ~$267M in stock","bullets":["United will acquire all Piedmont shares at 0.300x UBSI shares; total consideration ~$267M.","Combined entity will have >$32B in assets, 240+ branches across 8 states and D.C.","Piedmont has $2.1B assets, 16 GA locations; expected close late Q4 2024 or early Q1 2025.","Piedmont CEO Monty Watson to serve as Regional President for Georgia post-close.","Transaction is United's 34th acquisition; subject to Piedmont shareholder and regulatory approvals."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-135753","json":"https://secwatch.observer/filing/0001193125-24-135753.json","markdown":"https://secwatch.observer/filing/0001193125-24-135753.md","text":"https://secwatch.observer/filing/0001193125-24-135753.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/729986/000119312524135753/0001193125-24-135753-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/729986/000119312524135753/d824152d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T04:24:38.139238+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d344d2dffb5e23905e15f007905cdcf84d519842","claim":"UNITED BANKSHARES INC/WV entered into Agreement and Plan of Merger with Piedmont Bancorp, Inc. valued at United will issue approximately 7,756,514 shares of United Common Stock; merger consideration is 0.3 (effective 2024-05-09).","evidence_excerpt":"On May 9, 2024, United Bankshares, Inc. (“United”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Piedmont Bancorp, Inc., a Georgia corporation (“Piedmont”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/729986/000119312524135753/0001193125-24-135753-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Piedmont Bancorp, Inc."},{"label":"Value","value":"United will issue approximately 7,756,514 shares of United Common Stock; merger consideration is 0.3"},{"label":"Effective","value":"2024-05-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}