| Business Summary | | United
Bankshares,
Inc.
engages
primarily
in
community
banking
and
mortgage
banking,
and
additionally
offers
most
types
of
business
permitted
by
law
and
regulation.
The
Company
has
two
banking
subsidiaries,
United
National
Bank
(UNB)
and
United
Bank.
Included
among
the
banking
services
offered
are
the
acceptance
of
deposits
in
checking,
savings,
time
and
money
market
accounts;
the
making
and
servicing
of
personal,
commercial,
floor
plan
and
student
loans;
and
the
making
of
construction
and
real
estate
loans.
Also
offered
are
individual
retirement
accounts,
safe
deposit
boxes,
wire
transfers
and
other
standard
banking
products
and
services.
As
a
part
of
their
lending
function,
UNB
and
United
Bank
offer
credit
card
services
including
accounts
issued
under
the
name
of
certain
correspondent
banks. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | United
Bankshares
is
a
multi-bank
holding
company
whose
subsidiaries
operate
offices
in
West
Virginia
and
Virginia.
For
the
six
months
ended
6/30/01,
total
interest
income
decreased
2%
to
$183.7
million.
Net
interest
income
after
loan
loss
provision
remained
flat
at
$85.8
million.
Net
income
rose
8%
to
$39.1
million.
Net
interest
income
reflects
lower
earning
asset
balances,
offset
by
reduced
interest
paid
on
borrowings.
Earnings
reflect
higher
mortgage
banking
income. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Richard Adams, 53 Chairman,
CEO | $674K | $260K | Steven Wilson, 51 Exec.
VP, Treasurer, CFO | 270K | -- | Douglass Adams, 61 Exec.
VP | -- | -- | James Consagra, Jr., 39 Exec.
VP | -- | -- | James Hayhurst, Jr., 53 Exec.
VP | 222K | 138K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|