United Bankshares Declares First Quarter Dividend

WASHINGTON, D.C. & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of Directors declared a first quarter 2010 dividend of $0.30 per share for shareholders of record as of March 12, 2010. This is a 3% increase over the $0.29 per share paid in the first quarter of 2009.

The dividend payout of approximately $13.0 million on 43.4 million shares is payable April 1, 2010. The annualized 2010 dividend of $1.20 per share equates to a yield of approximately 5% based on recent UBSI market prices. The dividend of $1.17 per share for year of 2009 represented the thirty-sixth consecutive year of dividend increases for United shareholders.

United Bankshares, with $7.8 billion in assets, has 113 full-service offices in West Virginia, Virginia, Maryland, Ohio, and Washington, D.C. United Bankshares stock is traded on the NASDAQ Global Select Market System under the quotation symbol "UBSI".

www.ubsi-inc.com