secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001193125-24-135753
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312524135753/0001193125-24-135753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312524135753/d824152d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-135753

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