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New Deal


Announced

Completed

United Bankshares completed a $1.1bn merger with Carolina Financial.

Financials

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Transaction Value£856m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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United States

bank holding company

Friendly

Majority

Banks

Acquisition

Merger

Single Bidder

Completed

Public

Synopsis

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United Bankshares, a bank holding company, completed a $1.1bn merger with Carolina Financial, the parent company of CresCom Bank. The combined organization is worth c. $25bn. "The merger brings together two of the best performing banking companies in the country, and uniquely positions our franchise as one of the most valuable regional banking companies in the Southeast and Mid-Atlantic,” Richard M. Adams, United’s Chairman and Chief Executive Officer.

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