United Bankshares to acquire Piedmont Bancorp for $267m.

United Bankshares, the parent company of United Bank, agreed to acquire Piedmont Bancorp, the parent company of The Piedmont Bank, for $267m. “We are excited to bring these two great companies together. We share similar commitments to serving our customers and communities with a relationship-focused approach. The greater Atlanta area is the perfect addition to UBSI’s footprint, and we look forward to being a part of the vibrant and fast-growing communities there,” Richard M. Adams, Jr., United Bankshares CEO.