United Bankshares Acquires Community Bankers Trust Corporation (Essex Bank)

United Community Banks Acquires Three Shores Bancorporation and Seaside National Bank & Trust

July 1, 2020

Financial Services

United Community Banks, Inc. completed its merger with Three Shores Bancorporation, Inc., effective July 1, 2020, with Three Shores' bank subsidiary Seaside National Bank & Trust merging into United's bank subsidiary. United will continue to operate Seaside locations under the Seaside Bank and Trust brand and expects the deal to expand its Florida presence while adding Seaside's wealth management capabilities to United's offerings.

Atlantic Union Bankshares Acquires American National Bankshares

April 1, 2024

Financial Services

Atlantic Union Bankshares Corporation completed its merger with American National Bankshares Inc., effective April 1, 2024, in a stock-for-stock transaction valued at approximately $507 million. The deal expands Atlantic Union's footprint across Central, Western and Southern Virginia and provides entry into North Carolina's Piedmont Triad and Raleigh markets.

SmartBiz Acquires Centrust Bank and United Community Bancshares

March 17, 2025

Financial Services

SmartBiz (formerly SmartBiz Loans) closed its acquisition of United Community Bancshares, Inc. and its wholly owned subsidiary Centrust Bank, N.A., receiving regulatory approval to operate as a bank and bank holding company under the SmartBiz Bancshares, Inc. banner. The deal brings Centrust’s commercial banking team and SBA lending capabilities into SmartBiz Bank to expand technology-enabled lending and full-service banking for small and medium-sized businesses nationwide.

United Federal Credit Union Acquires Edgewater Bank

October 27, 2020

Financial Services

United Federal Credit Union will acquire the assets and assume the liabilities of Edgewater Bank in an all-cash transaction. Edgewater Bancorp and Edgewater Bank will liquidate and distribute remaining cash to stockholders; the deal expands United's branch network and increases its assets to roughly $3.5 billion.

United Bankshares, Inc. Acquires Piedmont Bancorp, Inc.

May 10, 2024

Financial Services

United Bankshares, Inc. (UBSI) has entered into a definitive agreement to acquire Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, in an all-stock transaction valued at approximately $267 million. The deal will add Piedmont's ~16 Atlanta-area branches and ~$2.1 billion in assets to United's franchise, expanding United's footprint in the greater Atlanta market and increasing its presence across the Mid-Atlantic and Southeast.

Atlantic Union Bankshares Completes Acquisition of Sandy Spring Bancorp, Inc.

April 1, 2025

Financial Services

Atlantic Union Bankshares Corporation completed its previously announced merger with Sandy Spring Bancorp, Inc., creating the largest regional banking franchise headquartered in the lower Mid-Atlantic. Under the terms of the deal, Sandy Spring shareholders received 0.900 shares of Atlantic Union common stock per Sandy Spring share, and the transaction had an implied aggregate value of approximately $1.3 billion based on Atlantic Union's March 31, 2025 closing price.