Announced
Completed
Financials
Tags
Majority
Domestic
Single Bidder
Acquisition
bank
Public
Friendly
Merger
United States
Banks
Completed
Synopsis
United Bankshares, a financial holding company, completed the acquisition of Community Bankers Trust, a single bank holding company, for $303m. "We are extremely pleased to have Community Bankers Trust joining United. We have been looking forward to the opportunity to broaden our footprint throughout Virginia and Maryland, and this transaction will allow us to enhance our presence in some of the most desirable banking markets in the nation," Richard M. Adams, United Bankshares Chairman and CEO.
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