United Bankshares Declares Dividend

WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI), today announced that its Board of Directors declared a third quarter dividend of $0.29 per share for shareholders of record as of September 12, 2008. The third quarter dividend of $0.29 per share represents a 4% increase over the $0.28 paid in the third quarter of 2007. Dividends per share of $0.87 for the first three quarters of 2008 also represents a 4% increase over the $0.84 per share paid for the first three quarters of 2007.

The dividend payout of approximately $12.6 million on 43.3 million shares is payable October 1, 2008. The year 2008 is expected to be the 35th consecutive year of dividend increases to United shareholders. The annualized 2008 dividend of $1.16 equates to a yield of approximately 5% based on recent UBSI market prices.

United Bankshares has 114 full-service offices in West Virginia, Virginia, Maryland, Ohio, and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".

www.ubsi-inc.com