Parkersburg, West Virginia-based United Bankshares, Inc., the parent company of United Bank, announced on May 10, 2024, it is acquiring in a merger agreement the Peachtree Corners, Georgia-based Piedmont Bank. The merger will make United Bank the 39th largest banking company in the U.S. based on market capitalization. This transaction represents United’s 34th acquisition. The deal is valued at approximately $267 million.
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