Key Developments: United Bankshares Inc (UBSI.O)
26.52USD
20 May 2013
$-0.03 (-0.11%)
$26.55
$26.52
$26.58
$26.40
185,924
215,872
$27.24
$22.54
Latest Key Developments (Source: Significant Developments)
United Bankshares Inc Declares First Quarter Dividend
United Bankshares Inc announced that its Board of Directors declared a first quarter 2013 dividend of $0.31 per share for shareholders of record as of March 8, 2013. Full Article
United Bankshares Inc To Acquire Virginia Commerce Bancorp Inc
United Bankshares Inc announced the signing of a definitive merger agreement with Virginia Commerce Bancorp, Inc. (VCBI). The acquisition of VCBI will afford United the opportunity to significantly enhance its existing footprint in the Washington, D.C. Metropolitan Statistical Area. Since 1982, United has completed and effectively integrated 28 acquisitions. United will acquire 100% of the outstanding shares of VCBI in exchange for common shares of United. The exchange ratio will be fixed at 0.5442 of United`s shares for each share of VCBI which equates to a deal value of $14.00 per share, or approximately $490.6 million in the aggregate, based on United`s ten-day average closing price of $25.73 as of January 29, 2013. The transaction, which has been unanimously approved by both United`s and VCBI`s Boards of Directors, is expected to close in the third quarter of 2013, pending regulatory approvals and the approval of United`s and VCBI`s shareholders. The aggregate consideration of the transaction is approximately $490.6 million based on VCBI`s common shares outstanding, plus outstanding options and warrants. The announced price represents a premium of 15% over VCBI`s closing price on January 29, 2013, and 1.82 times VCBI`s tangible book value at December 31, 2012. Keefe, Bruyette & Woods, Inc. served as financial advisor and Bowles Rice LLP provided legal counsel to United Bankshares, Inc. Full Article
United Bankshares Inc Declares Fourth Quarter Dividend
United Bankshares Inc announced that Board of Directors declared a fourth quarter dividend of $0.31 per share for shareholders of record as of December 14, 2012. Dividends per share of $1.24 for the year 2012 represents a 2% increase over the $1.21 per share paid for the year of 2011. The dividend payout of approximately $15.6 million on 50.3 million shares is payable January 2, 2013. Full Article
United Bankshares Inc Declares Third Quarter Dividend
United Bankshares Inc announced that its Board of Directors declared a third quarter dividend of $0.31 per share for shareholders of record as of September 14, 2012. The dividend payout of approximately $15.6 million on 50.3 million shares is payable October 1, 2012. Full Article
United Bankshares, Inc. Declares Second Quarter Dividend
United Bankshares, Inc. announced that its Board of Directors declared a second quarter dividend of $0.31 per share for shareholders of record as of June 8, 2012. Full Article
United Bankshares, Inc. Declares First Quarter Dividend
United Bankshares, Inc. announced that its Board of Directors declared a first quarter 2012 dividend of $0.31 per share for shareholders of record as of March 9, 2012. Full Article
United Bankshares, Inc. Increases Quarterly Dividend
United Bankshares, Inc. announced that it has declared a fourth quarter dividend of $0.31 per share for shareholders of record as of December 9, 2011. The dividend payout of approximately $15.6 million on 50.2 million shares is payable January 3, 2012. Full Article
United Bankshares, Inc. Declares Third Quarter Dividend
United Bankshares, Inc. announced that its Board of Directors declared a third quarter dividend of $0.30 per share for shareholders of record as of September 9, 2011. Full Article
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