United, Cardinal Bank Merger Complete

United Bankshares Inc. has completed its acquisition of Cardinal Financial Corporation and added three Loudoun branches to its Washington-area footprint.

United Bank is the largest locally headquartered community bank and holds the top deposit market share among community banks in the Washington, D.C., metropolitan statistical area. United acquired George Mason Mortgage LLC, the region’s largest locally headquartered home mortgage lender.

Among United’s 22 newly acquired banking locations are branch offices at 46005 Regal Plaza in CountrySide, 20 Catoctin Circle SE in Leesburg and 440 E. Main St. in Purcellville.

United now has more than $19 billion in assets with 145 full-service offices in Virginia, West Virginia, Pennsylvania, Maryland, Ohio and Washington, D.C. United is the 38th largest banking company in the country based on market capitalization. In 2016, United increased dividends to shareholders for the 43rd consecutive year.

Leave a Reply