United Bankshares, parent company of United Bank, completed its acquisition of Atlanta-based Piedmont Bancorp, parent company of The Piedmont Bank.
“We are thrilled to have Piedmont join the United family,” said Richard M. Adams Jr., CEO of United Bankshares. “This transaction allows us to grow our presence in one of the most desirable banking markets in the nation. We look forward to serving the employees, customers, and communities in our new footprint.”
The acquisition is United’s 34th, and the combined organization has more than $32 billion in assets and a network of over 240 locations across states including Ohio. The former Piedmont offices will operate under the DBA United Bankshares.
