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United Bankshares holds annual shareholders meeting

United Bankshares Inc., a $30 billion regional financial services company, held its Annual Meeting of Shareholders on  May 15 at Congressional Country Club in Bethesda, Md.  During the meeting, United Executive Chairman of the Board Richard M. Adams addressed shareholders by highlighting several key points from the 2023 Annual Report to Shareholders.  The report indicates 2023 was a year of growth, profitability and soundness for United. The company grew loans, grew deposits and increased its net interest margin versus the prior year. In addition, United delivered ...

Underground Printing is tops in custom T-shirt business

Over the last 15 years, Underground Printing has become a go-to source of customized T-shirts, apparel and accessories. The WVU School of Dentistry and the City of Morgantown are among the entities that have used UGP’s services. The business first opened on Fayette Street in downtown Morgantown in November of 2008. The parent business, however, is much older than that. Founders Rishi Narayan and Ryan Gregg originally began screen printing gear out of a dorm room at the University of Michigan in 2001. Now headquartered in a 172,000-square-foot facility in Ypsilanti, Mich., UGP has ...

United Bank shares announces its first-quarter earnings

United Bankshares Inc. reported earnings for the first quarter of 2024 of $86.8 million, or 64 cents per share. First quarter of 2024 results produced annualized returns on average assets, average equity and average tangible equity, of 1.19%, 7.25% and 11.98%, respectively. The first quarter of 2024 included $1.8 million of expense for the Federal Deposit Insurance Corp.’s (“FDIC”) special assessment levied on all banking organizations stemming from the FDIC’s Deposit Insurance Fund. “UBSI delivered solid performance in the first quarter of 2024,” stated Richard M. ...

State PSC OK’s Cheat View PSD consolidation with MUB

MORGANTOWN – The state Public Service Commission gave its OK this week for the consolidation of Cheat View Public Service District's waterworks system into Morgantown Utility Board's. The two utilities filed their joint petition for the consolidation last Dec. 11 and PSC staff ...