secwatch.observer — SEC 8-K summary
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Issuer:     UNITED BANKSHARES INC/WV (UBSI)
CIK:        0000729986
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001193125-25-004551
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Bankshares completes acquisition of Piedmont Bancorp; combined assets >$32B
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- Each Piedmont share converted into 0.300 share of UBSI common stock plus cash for fractional shares.
- Combined organization has over $32 billion in assets and 240+ locations across nine states.
- United assumed $20M of Piedmont subordinated notes due 2030 as part of the deal.
- Monty Watson, former Piedmont CEO, to serve as regional president for former Piedmont locations.
- Merger effective as of 5:01 p.m. on January 10, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/729986/000119312525004551/0001193125-25-004551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/729986/000119312525004551/d880247d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-004551

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