Mergers & Acquisitions

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Deal Overview

Buyer:
United Bankshares, Inc.
Actual Acquirer:
United National Bank
Target:
2 Branches
Deal Type:
Bank & Thrift Branch
Seller:
Community Trust Bancorp, Inc.
Agreement Date:
1/20/1998
Announcement Date:
1/20/1998
Number of Target Branches
2
Branch Locations
Charles Town,WV
Shepardstown,WV
Franchise Premium ($ 000)
9,523
Tangible Book Premium/ Deposits (%)
11.70
Status:
Completed
Completion Date:
6/30/1998

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 81,395
Total Assets ($ 000) 71,872
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Bowles Rice LLP
Seller Yes Greenebaum Doll & McDonald