The Register-Herald, Beckley, West Virginia


February 1, 2014

United Bankshares earnings up

United Bankshares Inc. announced on Thursday that earnings were up year over year by $3 million.

Earnings for 2013 were $85.6 million, or $1.70 per diluted share, up from $82.6 million or $1.64 per diluted share for the prior year.

Also, the company announced the signing of a merger agreement with Virginia Commerce Bancorp. Inc. of Arlington, Va. Virginia Commerce has 28 banking offices, one residential mortgage office and one wealth management office located in the Northern Virginia suburbs of Washington, D.C.

Virginia Commerce has over $3 billion in assets, which takes United Bankshares assets to over $10 billion.

“Earnings rose from 2012 while the dividend to shareholders has increased for the 40th consecutive year,” said Richard M. Adams, United’s chairman and CEO. “We also announced the signing of a definitive merger agreement with Virginia Commerce Bancorp Inc., the largest acquisition in United’s history.”

Fourth-quarter results showed a return on average assets of 0.91 percent and a return on average equity of 7.57 percent. For the year, United Bankshares’ return on average assets was 1.02 percent and the return on average equity was 8.43 percent.

United has 113 full-service offices in West Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C.


Text Only
  • 042014 Money Adam Taylor 2.jpg Simply green

    A new “greener” law office has been planted in downtown Beckley.

    April 20, 2014 1 Photo

  • 042014 Money Beckley Barber .jpg The Right Cuts

    If you want to experience an old school barber shop with some modern flair, the owner of Beckley Barber Shop says he’ll take care of you.

    April 20, 2014 3 Photos

  • lewis shop 1 Custom car care

    Lewis Automotive Group has added exhaust and mufflers to its list of available services.

    April 13, 2014 2 Photos

  • Class explores ABCs of starting a business

    If you have a dream of owning your own business, an upcoming class sponsored by the Office of Workforce Education at New River Community and Technical College will give you valuable information on how to get started.

    April 13, 2014

  • Rightway Rightway Auto offers dealer-quality service

    Whether you have two cars or 20 trucks to take care of, one local business owner says he wants to bring you dealership-quality service at a backyard price.

    April 6, 2014 1 Photo

  • johnson satterfield Johnson, Satterfield named certified Travel Marketing Professionals

    Maura Johnson, chief operating officer, and Becky Satterfield, Membership & group tour director of Visit Southern West Virginia, have earned certification as Travel Marketing Professionals (TMP) after completing a three-year program of the Southeast Tourism Society (STS) Marketing College.

    April 6, 2014 1 Photo

  • skyline resort 2 Southern skyline

    Cozy, upscale, but affordable. That’s the game plan for a newly opened resort in southern West Virginia.
    Located in Ghent, just off I-77 on U.S. 19, Skyline Resort recently opened its restaurant, 4 Season, and Rich & Ernie’s Bar.

    March 30, 2014 2 Photos

  • drone Up in the sky! It’s a bird, it’s a plane, it’s ... a drone

    With the launch this month of “Chopper Foxfire,” Foxfire Realty has become one of the first real estate companies in the region to experiment with “drone” technology.

    March 30, 2014 1 Photo

  • Auto rental expands to Beckley, Daniels

    Andrew Auto Rental has opened locations in both Beckley and Daniels as it expands in southern West Virginia.

    March 30, 2014

  • Summit designer is honored

    Freese and Nichols Inc. of Raleigh, N.C., designer of a series of dams and lakes at the Summit Bechtel Family National Scout Reserve, earned a National Recognition Award for exemplary engineering achievement for the work at the American Council of Engineering Companies’ (ACEC) 48th annual Engineering Excellence Awards.

    March 30, 2014