AP NEWS

45th Consecutive Year of Dividend Increases for United Bankshares

November 16, 2018

WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--Nov 16, 2018--United Bankshares, Inc. (NASDAQ: UBSI ) today announced that its Board of Directors declared a fourth quarter dividend of $0.34 per share for shareholders of record as of December 14, 2018. Dividends per share of $1.36 for the year 2018 represents an increase over the $1.33 per share paid for the year of 2017. The dividend is payable January 2, 2019.

The year 2018 marks the 45th consecutive year of dividend increases to United shareholders. United is one of only two major banking companies in the USA to have increased its dividend to shareholders for 45 consecutive years.

United Bankshares, Inc. is the parent company of United Bank, the largest community bank headquartered in the D.C. Metro region. United Bank which comprises 140 full-service banking offices and 21 George Mason Mortgage, LLC locations, is located throughout Virginia, West Virginia, Maryland, North Carolina, South Carolina, Ohio, Pennsylvania and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol “ UBSI.”

View source version on businesswire.com:https://www.businesswire.com/news/home/20181116005479/en/

CONTACT: W. Mark Tatterson

Chief Financial Officer

(800) 445-1347 ext. 8716

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA WEST VIRGINIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES

SOURCE: United Bankshares, Inc.

Copyright Business Wire 2018.

PUB: 11/16/2018 02:45 PM/DISC: 11/16/2018 02:45 PM

http://www.businesswire.com/news/home/20181116005479/en

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