UBSI receives all regulatory approvals for Piedmont Bancorp merger; closing expected early 2025

UNITED BANKSHARES INC/WV

Federal Reserve Board approval received Nov 29, 2024; state banking approvals already in hand.
Stockholders of Piedmont have approved the merger.
Closing anticipated in early 2025; operational conversion in late Q1 2025.
Former Piedmont offices to operate under United Bankshares DBA in Georgia.

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