United Bankshares Declares First Quarter Dividend

  United Bankshares Declares First Quarter Dividend

Business Wire

WASHINGTON & CHARLESTON, W. Va. -- February 19, 2013

United Bankshares, Inc. (NASDAQ: UBSI) today announced that its Board of
Directors declared a first quarter 2013 dividend of $0.31 per share for
shareholders of record as of March 8, 2013.

The dividend payout of approximately $15.6 million on 50.3 million shares is
payable April 1, 2013. The annualized 2013 dividend of $1.24 per share equates
to a yield of approximately 5% based on recent UBSI market prices. The year of
2012 represented the thirty-ninth consecutive year of dividend increases for
United shareholders. Only one other major banking company in the USA has
achieved such a dividend record.

Recently, United announced the signing of a definitive merger agreement with
Virginia Commerce Bancorp, Inc. (“VCBI”). The acquisition of VCBI will afford
United the opportunity to significantly enhance its existing footprint in the
Washington, D.C. Metropolitan Statistical Area. With the acquisition of VCBI,
United’s assets will grow to over $11 billion.

United currently has consolidated assets of approximately $8.4 billion with
115 full service offices in West Virginia, Virginia, Maryland, Ohio,
Pennsylvania and Washington, D.C. United Bankshares stock is traded on the
NASDAQ Global Select Market under the quotation symbol "UBSI".

                               www.ubsi-inc.com

Contact:

United Bankshares, Inc.
Steven E. Wilson, 800-445-1347 ext. 8704
Chief Financial Officer
 
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