United Bankshares reports earnings increase - Beckley, Bluefield & Lewisburg News, Weather, Sports

United Bankshares reports earnings increase

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United Bankshares reported second-quarter net income of $22.2 million on July 18, up from $21.0 million in the second quarter of 2012.

First-half net income was $43.8 million, up from $42.1 million a year ago.

Assets at the end of the quarter totaled $8.36 billion, up from $8.48 billion a year ago.

On Jan. 30, United announced an agreement to acquire Virginia Commerce Bancorp of Arlington, Va. VCBI has 28 banking offices, one residential mortgage origination office and one wealth management office located in the Northern Virginia suburbs of Washington, D.C.

United currently has 115 full service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C.