Federal Reserve Board announces approval of applications by United Bankshares, Inc., UBV Holding Company, LLC, and United Bank
April 07, 2017
Federal Reserve Board announces approval of applications by United Bankshares, Inc., UBV Holding Company, LLC, and United Bank
For release at 4:00 p.m. EDT
The Federal Reserve Board on Friday announced its approval of the applications under section 3 of the Bank Holding Company Act by United Bankshares, Inc., Charleston, West Virginia, and UBV Holding Company, LLC, Fairfax, Virginia, to acquire Cardinal Financial Corporation and thereby indirectly acquire Cardinal Bank, both of McLean, Virginia. The Board also approved applications under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by United Bank, Fairfax, Virginia, to merge with Cardinal Bank and to establish and operate branches at the locations of Cardinal Bank's main office and branches.
Attached is the Board's order relating to this action.
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