---
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"
generated_at: "2026-06-02T04:24:38.139238+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# United Bankshares to acquire Piedmont Bancorp for ~$267M in stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-135753
- JSON: https://secwatch.observer/filing/0001193125-24-135753.json
- Plain text: https://secwatch.observer/filing/0001193125-24-135753.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: merger
  - Counterparty: Piedmont Bancorp, Inc.
  - Value: United will issue approximately 7,756,514 shares of United Common Stock; merger consideration is 0.3
  - Effective: 2024-05-09
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/729986/000119312524135753/0001193125-24-135753-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.