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Deal Overview

Buyer:
First West Virginia Bancorp, Inc.
Actual Acquirer:
Progressive Bank, NA
Target:
1 Branch
Deal Type:
Bank & Thrift Branch
Seller:
United Bankshares, Inc.
Agreement Date:
10/10/2000
Announcement Date:
10/10/2000
Number of Target Branches
1
Branch Locations
New Martinsville
WV
Franchise Premium ($ 000)
1,021
Tangible Book Premium/ Deposits (%)
10.75
Status:
Completed
Completion Date:
3/9/2001

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 9,500
Total Assets ($ 000) 8,479
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Hoefer & Arnett Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Bowles Rice LLP