Acquiring Company
United Bankshares
Acquired Company
Piedmont Bancorp
CharlestonPeachtree CornersFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
United Bankshares Inc. has successfully closed its acquisition of Piedmont Bancorp Inc. in January 2025. This strategic move will enhance United's Southeast banking franchise, significantly increasing its market share in the region. The acquisition is anticipated to be highly beneficial for earnings per share. United Bankshares continues to demonstrate strong performance in the financial sector.
Quick answer
United Bankshares is acquiring Piedmont Bancorp, announced May 16, 2026. United Bankshares is based in Charleston, West Virginia, United States.
- How much did United Bankshares pay for Piedmont Bancorp?
- The deal value was not disclosed.
- What does United Bankshares do?
- United Bankshares, Inc. (NASDAQ: UBSI), the parent company of United Bank, is a high-performing banking company with consolidated assets of approximately $30 billion.
- Where are United Bankshares and Piedmont Bancorp based?
- United Bankshares is based in Charleston, West Virginia, United States. Piedmont Bancorp is based in Peachtree Corners, Georgia, United States.
- Who are the decision-makers at United Bankshares?
- Fundz holds 1 contact at United Bankshares. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Morrow Bank to acquire MedMera Bank for SEK 1,960 million (June 29, 2026)
- Colony Bancorp to merge with First Reliance Bancshares (June 26, 2026)
- J.C. Flowers to acquire Republic Finance (June 26, 2026)
- Providus Bank merges with Unity Bank after court approval (June 25, 2026)
- Keweenaw Financial merges with Range Financial (June 25, 2026)
- Kakao Bank to fully acquire Mastern Capital (June 25, 2026)
Who to call at United Bankshares, and when
When United Bankshares changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day United Bankshares raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at United Bankshares, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Piedmont Bancorp?
Piedmont Bancorp was acquired by United Bankshares, based in Charleston. The deal was reported on May 16, 2026. United Bankshares, Inc. (NASDAQ: UBSI), the parent company of United Bank, is a high-performing banking company with consolidated assets of approximately $30 billion. United Bankshares is publicly traded (UBSI) and operates in Financial Services.
When did United Bankshares acquire Piedmont Bancorp?
United Bankshares's acquisition of Piedmont Bancorp was reported on May 16, 2026. United Bankshares Inc. has successfully closed its acquisition of Piedmont Bancorp Inc. in January 2025. This strategic move will enhance United's Southeast banking franchise, significantly increasing its market share in the region. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Piedmont Bancorp do?
Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, is a bank holding company with assets of approximately $2.1 billion. It is privately held, operating in Financial Services, and is based in Peachtree Corners.
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