United Bankshares To Acquire Piedmont Bancorp: Merger Is Expected To Close Late In Fourth Quarter Of 2024 Or Early In First Quarter Of 2025
Portfolio Pulse from Benzinga Newsdesk
United Bankshares is set to acquire Piedmont Bancorp, with the merger anticipated to conclude late in the fourth quarter of 2024 or early in the first quarter of 2025.
May 10, 2024 | 11:58 am
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POSITIVE IMPACT
United Bankshares' acquisition of Piedmont Bancorp is a significant expansion move, expected to close by early 2025.
The acquisition of Piedmont Bancorp by United Bankshares is a strategic move likely to enhance UBSI's market presence and financial strength, potentially leading to positive investor sentiment and a favorable impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90