United Bankshares Declares Third Quarter 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 $0.30 per share for shareholders of record as of September 10, 2010. This is a 3% increase over the $0.29 per share paid in the third quarter of 2009.

The dividend payout of approximately $13.1 million on 43.6 million shares is payable October 1, 2010. The annualized 2010 dividend of $1.20 equates to a yield of approximately 5% based on recent UBSI market prices. United has increased its dividend to shareholders for 36 consecutive years.

United Bankshares, with $7.5 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 under the quotation symbol "UBSI."