United Bankshares, Inc. Appoints Albert E. Small, Jr. as Independent Director, Effective November 16, 2018
October 26, 2018 at 02:01 pm EDT
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On October 22, 2018, United Bankshares, Inc., at a meeting of its Board of Directors, increased the size of the Board to eleven members and appointed Albert E. Small, Jr. to serve on the Board as an “independent” director to fill the vacancy created by that action. The appointment is effective November 16, 2018. Mr. Small has not yet been appointed to any committees of United’s Board.
United Bankshares, Inc. is a financial holding company. The Company's segments include community banking and mortgage banking. The community banking segment includes both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing and consumer loans. In addition, this segment provides customers with several choices of deposit products including demand deposit accounts, savings accounts and certificates of deposit as well as investment and financial advisory services to businesses and individuals, including financial planning, retirement/estate planning, and investment management. The mortgage banking segment engages primarily in the origination and acquisition of residential mortgages for sale into the secondary market though Unitedâs mortgage banking subsidiaries, George Mason and Crescent. The Company has one banking subsidiary doing business under the name of United Bank. It also owns nonbank subsidiaries.