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United Bankshares, Inc. (UBSI)

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  • Jan. 30, 2013, 8:32 AM
    More action in community bank M&A where Virginia Commerce Bancorp (VCBI) agrees to be acquired by United Bankshares (UBSI). The stock deal has a value of $14 based on the 10-day average closing price of United. VCBI closed at $12.21 yesterday, but were around $9.50 two weeks ago when the bank put itself on the block. Book value as of Sept. 30 was $7.63 ... nice.
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Company Description
United Bankshares Inc is a bank holding company. The Company, through its subsidiaries, offers commercial, retail and community banking services and products.