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

United Bankshares reports earnings increase

Posted: Updated:
  • BusinessBusinessMore>>

  • Hatfield and McCoy feuding continues in Gilbert, WV

    Hatfield and McCoy feuding continues in Gilbert, WV

    Thursday, August 21 2014 11:39 PM EDT2014-08-22 03:39:40 GMT
    A modern day family feud is brewing in Gilbert, WV over moonshine and the family name.
    A modern day family feud is brewing in Gilbert, WV over moonshine and the family name.
  • 'Downtown Wheeling Inc.' Changes Name, Still Has Same Goals

    'Downtown Wheeling Inc.' Changes Name, Still Has Same Goals

    Thursday, August 21 2014 3:16 PM EDT2014-08-21 19:16:18 GMT
    One popular organization in Wheeling has changed their name. "Downtown Wheeling Inc.," will now be known as "Reinvent Wheeling." The group hosts many events in the Wheeling area such as the Wine and Jazz Festival, the Big Ideas Speaker series, and First Fridays. According to Reinvent Wheeling member Jake Dougherty, the name change is intended to reflect the organizations efforts to revitalize the downtown area. He said, "We were looking for a name that really expresses what was happening in d...
    One popular organization in Wheeling has changed their name. "Downtown Wheeling Inc.," will now be known as "Reinvent Wheeling." The group hosts many events in the Wheeling area such as the Wine and Jazz Festival, the Big Ideas Speaker series, and First Fridays. According to Reinvent Wheeling member Jake Dougherty, the name change is intended to reflect the organizations efforts to revitalize the downtown area. He said, "We were looking for a name that really expresses what was happening in d...
  • US existing home sales rise for 4th straight month

    US existing home sales rise for 4th straight month

    Thursday, August 21 2014 10:33 AM EDT2014-08-21 14:33:29 GMT
    Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
    Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.

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.