United Bankshares Expands Into Atlanta With Piedmont Bancorp Acquisition, Eyes $267M Deal
United Bankshares Expands Into Atlanta With Piedmont Bancorp Acquisition, Eyes $267M Deal
United Bankshares, Inc. (NASDAQ:UBSI) announced on Friday that it entered into a definitive merger agreement under which United would acquire Piedmont Bancorp.
聯合銀行股份公司（納斯達克股票代碼：UBSI）週五宣佈，它已簽訂最終合併協議，根據該協議，美聯航將收購皮埃蒙特銀行。
The exchange ratio will be fixed at 0.300 of United's shares for each share of Piedmont, resulting in an aggregate transaction value of approximately $267 million.
皮埃蒙特每股的兌換率將固定爲美聯航股份的0.300，因此總交易價值約爲2.67億美元。
The merger will strengthen United's position in the Mid-Atlantic and Southeast.
此次合併將鞏固美聯航在大西洋中部和東南部的地位。
"The greater Atlanta area is the perfect addition to UBSI's footprint, and we look forward to being a part of the vibrant and fast-growing communities there," said Richard M. Adams Jr., CEO of United Bankshares.
聯合銀行股份首席執行官小理查德·亞當斯表示：“大亞特蘭大地區是瑞銀國際足跡的完美補充，我們期待成爲那裏充滿活力和快速發展的社區的一員。”
The combined organization will have more than $32 billion in assets and a network of over 240 locations across eight states and Washington, D.C.
合併後的組織將擁有超過320億美元的資產，並在八個州和華盛頓特區建立一個由240多個地點組成的網絡。
Piedmont, headquartered in Peachtree Corners, Georgia, has assets of approximately $2.1 billion and 16 locations.
皮埃蒙特總部位於佐治亞州桃樹角，擁有約21億美元的資產，設有16個分支機構。
The merger is expected to close late in the fourth quarter of 2024 or early in the first quarter of 2025.
合併預計將在2024年第四季度末或2025年第一季度初完成。
According to Benzinga Pro, UBSI stock has gained over 18% in the past year. Investors can gain exposure to the stock via First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA).
根據Benzinga Pro的數據，瑞銀證券的股票在過去一年中上漲了18％以上。投資者可以通過第一信託納斯達克ABA社區銀行指數基金（納斯達克股票代碼：QABA）獲得股票敞口。
UBSI Price Action: United Bankshares shares are trading higher by 0.011% to $46.77 at last check Friday.
瑞銀股價走勢：週五最後一次支票時，聯合銀行股價上漲0.011％，至46.77美元。
Photo: Shutterstock
照片：Shutterstock
譯文內容由第三人軟體翻譯。