United Bankshares, Inc. (NASDAQ:UBSI) Files An 8-K Other Events
Item8.01.
| Other Events. |
On August17, 2016, United Bankshares, Inc. (United) and its
wholly-owned subsidiary, UBV Holding Company, LLC (UBV) entered
into an Agreement and Plan of Reorganization (the Agreement) with
Cardinal Financial Corporation (Cardinal), a Virginia corporation
headquartered in Tysons Corner, Virginia. In accordance with the
Agreement, Cardinal shall merge with and into UBV (the Merger).
At which time, Cardinal shall cease to exist and UBV shall
survive and continue to exist as a Virginia limited liability
company.
In connection with the proposed Merger, United has filed with the
SEC a registration statement on Form S-4 that was declared
effective by the U.S. Securities and Exchange Commission on
February9, 2017.
A copy of the unqualified legal opinion relating to the
securities issued to Uniteds Registration Statement on Form S-4,
as amended (Registration No.333-215010), is filed as Exhibit 5.1
hereto.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
The following exhibits are filed with this Current Report on Form
8-K:
|
Exhibit No. |
Exhibit Description |
|
| 5.1 |
Opinion of Bowles Rice LLP as to the validity of the shares of United Bankshares, Inc. to be issued in the Merger |
Cautionary
Statements Regarding Forward-Looking
Information
This Current
Report on Form 8-K may contain forward looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995 giving Uniteds expectations or predictions of future
financial or business performance or conditions. Forward-looking
statements are typically identified by words such as believe,
expect, anticipate, intend, target, estimate, continue,
positions, prospects or potential, by future conditional verbs
such as will, would, should, could or may, or by variations of
such words or by similar expressions. These forward-looking
statements are subject to numerous assumptions, risks and
uncertainties which change over time. Forward-looking statements
speak only as of the date they are made and we assume no duty to
update forward-looking statements.
About United Bankshares, Inc. (NASDAQ:UBSI)
United Bankshares, Inc. (United) is a bank holding company. The Company has approximately two banking subsidiaries (the Banking Subsidiaries) doing business under the name of United Bank, one operating under the laws of West Virginia referred to as United Bank (WV) and the other operating under the laws of Virginia referred to as United Bank (VA). The Company operates through community banking segment. United also owns nonbank subsidiaries, which engage in other community banking services, such as asset management, real property title insurance, financial planning, and brokerage services. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation. 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. United Bankshares, Inc. (NASDAQ:UBSI) Recent Trading Information
United Bankshares, Inc. (NASDAQ:UBSI) closed its last trading session up +1.10 at 41.10 with 611,957 shares trading hands.
