United Bankshares, Inc. Announces Florida Expansion
Key Highlights
- ➤United Bankshares (UBSI) plans Palm Beach office, entering Florida through de novo expansion
- ➤New office will provide commercial banking, private banking, wealth management, treasury, and lending services
- ➤Florida expansion is subject to regulatory approval
- ➤United Bankshares reports approximately $34 billion in consolidated assets as of June 30, 2026
Expert Statements
Richard M. Adams, Jr., Chief Executive Officer of United Bankshares, Inc.
“Our focus for future geographic expansion continues to be on the Southeast, where we've seen strong opportunities and positive demographic trends”
Richard M. Adams, Jr., Chief Executive Officer of United Bankshares, Inc.
“Florida has long been a market of interest for us, and Palm Beach represents one of the country's premier centers for business, wealth creation, and entrepreneurship.”
Richard M. Adams, Jr., Chief Executive Officer of United Bankshares, Inc.
“The franchise we have built over the years has benefited from both strategic acquisitions and organic growth, and this expansion reflects that balanced approach.”
Richard M. Adams, Jr., Chief Executive Officer of United Bankshares, Inc.
“With an exceptional local team, we are building a strong foundation for long-term success in Florida.”
Terence Callahan, Market President of United Bankshares
“We believe Palm Beach presents a tremendous opportunity for us, and we’re bringing together the leadership and capabilities needed to compete at the highest level in this market”
Terence Callahan, Market President of United Bankshares
“We’re building a talented local team and look forward to delivering the personalized service, expertise, and long-term commitment that clients have come to expect from our organization.”
Chris Battifarano, Chief Investment Officer of United Bankshares
“I could not be more excited to be part of what United Bankshares is building in Florida,”
Chris Battifarano, Chief Investment Officer of United Bankshares
“Palm Beach is a unique market, and we are bringing together an experienced team with deep local roots and a shared commitment to putting clients first.”
Chris Battifarano, Chief Investment Officer of United Bankshares
“Combined with United Bankshares' relationship-driven approach, we have an opportunity to build something truly distinctive for clients and communities across Florida.”
New Palm Beach office marks United Bankshares’ de novo entry into one of the nation’s premier banking and wealth markets
United Bankshares, Inc. (NASDAQ: UBSI) today announced its expansion into Florida with plans to establish a new office in Palm Beach, marking the Company’s entry into one of the nation’s premier banking and wealth markets and advancing its long-term growth strategy across the Southeast.
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