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United Bankshares To Establish Washington, DC Headquarters


WASHINGTON, DC – March 22, 2005 - United Bankshares, Inc., the parent company of United Bank, announced today that it has established a corporate headquarters in Washington, DC. The address of the new headquarters office will be 1275 Pennsylvania Avenue, NW, Washington, DC. The company will now have dual headquarters in Washington, DC and Charleston, WV.

The establishment of the Washington, DC headquarters reflects the company’s continued emphasis on the Washington metropolitan area, as well as the outstanding growth potential that the region provides, according to United officials. A wholly-owned subsidiary, United Bank, is headquartered in Vienna, Virginia and operates 35 banking offices in Northern Virginia, Washington, DC and Montgomery County, Maryland.

"The greater Washington area is a very important market for us," said Richard M. Adams, Chairman and CEO of United Bankshares, Inc. "The region currently accounts for half of our deposit franchise, and we see continued growth potential in both business and consumer banking in the years ahead. Our new Washington headquarters will enhance our abilities to serve the needs of our customers, support our existing United Bank franchise, and build greater value for our shareholders."

United Bankshares, with $6.4 billion in assets, presently has 90 full-service offices in Virginia, Washington, DC, Maryland, West Virginia and Ohio. United Bankshares stock is traded on the NASDAQ (National Association of Securities Dealers Quotation System) National Market System under the quotation symbol "UBSI".



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