December 12, 2013
Federal Reserve Board announces approval of applications by United Bankshares, Inc., and its subsidiary, George Mason Bankshares, Inc.
For immediate release
The Federal Reserve Board on Thursday announced its approval of the applications under section 3 of the Bank Holding Company Act, section 18(c) of the Federal Deposit Insurance Act, and section 9 of the Federal Reserve Act for United Bankshares, Inc., Charleston, West Virginia, and its subsidiary, George Mason Bankshares, Inc., Fairfax, Virginia (collectively, "United"), to acquire Virginia Commerce Bancorp, Inc., Arlington, Virginia; and for United's subsidiary bank, United Bank, Fairfax, Virginia, to (1) merge with Virginia Commerce Bank ("VC Bank"), Arlington, Virginia, and (2) retain and operate branches at the locations of VC Bank's main office and branches.
Attached is the Board's Order relating to this action.