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United Bankshares To Acquire Piedmont Bancorp In All-stock Deal Of About $267 Mln

United Bankshares To Acquire Piedmont Bancorp In All-stock Deal Of About $267 Mln

United Bankshares, Inc. (UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, announced Friday they have entered into a definitive merger agreement under which United will acquire 100 percent of the outstanding shares of Piedmont in an all-stock deal valued at about $267 million.
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