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United Bankshares Declares Second Quarter Dividend


WASHINGTON, DC and CHARLESTON, WV-- United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a second quarter dividend of 28¢ per share for shareholders of record as of June 8, 2007. Dividends of 28¢ and 56¢ per share for the second quarter and first half of 2007, respectively, each represent a 4% increase over the 27¢ and 52¢ per share dividends paid for the second quarter and first half of 2006.

The dividend payout of approximately $11.4 million on 40.7 million shares is payable July 2, 2007. The year 2007 is expected to be the 34th consecutive year of dividend increases to United shareholders. The annualized 2007 dividend of $1.12 equates to a yield of approximately 3.3% based on recent UBSI market prices.

United recently announced diluted earnings per share of 59¢ for the first quarter of 2007 which represented a 2% increase from diluted earnings per share of 58¢ for the first quarter of 2006. United generated net income of $24.4 million for the first quarter of 2007 as compared to $24.6 million earned in the first quarter of 2006.

United Bankshares, with $6.6 billion in assets, has 90 full-service offices in West Virginia, Virginia, Maryland, Ohio, and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI."




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