United Bank celebrates 180th anniversary
PARKERSBURG — On March 17, 1839, United Bank, originally known as the Northwestern Bank of Virginia, opened its doors in Parkersburg.
During the 42 years of the current administration and through 31 acquisitions, it has grown from a single office, $100 million bank to one of the most successful regional financial services companies in the United States with $19.3 billion in assets and offices located throughout West Virginia, Virginia, Washington, D.C., Ohio, Pennsylvania, Maryland, North Carolina and South Carolina. In less than three and a half years and through three acquisitions, United more than doubled in size and is the largest publicly traded company headquartered in West Virginia.
United’s 180th anniversary follows a notable 2018 for the bank. Its parent company, United Bankshares, (NASDAQ: UBSI), reported record earnings, outperformed its Federal Reserve peer group and increased dividends to its shareholders for the 45th consecutive year – a record only one other major banking company in the nation has achieved. United’s employee volunteer program also was recognized by the American Bankers Association as the best in the nation.
“We have a rich tradition of providing people-focused and community-minded financial services,” said UBSI Chairman of the Board and Chief Executive Officer Richard M. Adams. “Our mission has always been to provide excellence in service to our shareholders, employees, customers and communities. That commitment has positioned us for continued success in the future. Celebrating our anniversary is our way of thanking those who have supported us.”
Because its founding falls on March 17, United has established a long-standing tradition of celebrating St. Patrick’s Day, along with its anniversary, each year. In 1902, Christian Nelly was elected president of Parkersburg National Bank, originally known as the Northwestern Bank of Virginia and later became United Bank. It was during his tenure that the tradition of giving shamrocks on St. Patrick’s Day began.
To show its appreciation for nearly two centuries of support, United invites customers and members of the community to visit a local branch on Friday for refreshments and to take part in the tradition of receiving a potted shamrock.