United reports earnings growth - WOWK 13 Charleston, Huntington WV News, Weather, Sports

United reports earnings growth

Posted: Updated:
  • BusinessBusinessMore>>

  • ASBDC to honor small business coach

    ASBDC to honor small business coach

    Sunday, September 14 2014 4:00 PM EDT2014-09-14 20:00:15 GMT
    America's Small Business Development Centers recently announced James Epling has been selected as the West Virginia 2014 State Star. The ASBDC State Star honors outstanding employees from Small Business Development Centers.
    America's Small Business Development Centers recently announced James Epling has been selected as the West Virginia 2014 State Star. The ASBDC State Star honors outstanding employees from Small Business Development Centers.

  • Frontier, Dish to award small towns

    Frontier, Dish to award small towns

    Sunday, September 14 2014 3:00 PM EDT2014-09-14 19:00:16 GMT
    Frontier Communications will help revitalize small towns through “America's Best Communities,” an $8.5 million, nationwide prize competition.
    Frontier Communications will help revitalize small towns through “America's Best Communities,” an $8.5 million, nationwide prize competition.
  • Writer, author, scuba diver calls WV home, again

    Writer, author, scuba diver calls WV home, again

    Sunday, September 14 2014 1:00 PM EDT2014-09-14 17:00:12 GMT
    Eric Douglas is a journalist, author and … scuba diver? That's right. A graduate of Marshall University, Douglas received a degree in journalism. However, originally from Cross Lanes, he moved to Orange County, California to pursue a career he wouldn't have been able to in the Mountain State.
    Eric Douglas is a journalist, author and … scuba diver? That's right. A graduate of Marshall University, Douglas received a degree in journalism. However, originally from Cross Lanes, he moved to Orange County, California to pursue a career he wouldn't have been able to in the Mountain State.

By JIM ROSS

For The State Journal

United Bankshares reported strong growth in earnings in the second quarter thanks to an acquisition that was completed in January.

United reported second-quarter net income of $33.2 million in the quarter, up from $22.2 million a year ago. For the first half, income totaled $63.4 million, up from $43.8 million last year.

On Jan. 31, United completed its acquisition of Virginia Commerce Bancorp of Arlington, Virginia. At that time, Virginia Commerce had assets of approximately $2.8 billion, loans of $2.1 billion and deposits of $2 billion.

United is based in Parkersburg. It has consolidated assets of about $12.1 billion with 132 full-service offices in West Virginia, Virginia, Maryland, Ohio, Pennsylvania and Washington, D.C.