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United Bank Announces New President

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United Bankshares, Inc. has announced the promotion of Julie R. Gurtis to President, effective April 1, 2022. Gurtis, previously EVP and Chief Commercial Banking Officer, has a 31-year tenure at United, excelling in various leadership roles. Michael P. Fitzgerald will assume the role of Vice Chairman, maintaining focus on business development. As of December 31, 2021, UBSI reported consolidated assets of approximately $29.3 billion, operating nearly 250 offices across multiple states, including Virginia, Maryland, and West Virginia.

Positive
  • Promotion of Julie R. Gurtis to President signifies strong internal leadership continuity.
  • Michael P. Fitzgerald remains involved as Vice Chairman, ensuring experienced guidance.
Negative
  • None.

WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)-- Richard M. Adams, Chairman of the Board of United Bank (“United”), announced the Board’s approval of the promotion of Julie R. Gurtis to President effective April 1, 2022.

Julie Gurtis currently serves as United’s EVP and Chief Commercial Banking Officer. In addition to managing Commercial Lending, she is responsible for overseeing Commercial Services, Business Banking, Loan Administration, Sales Management, and Marketing. Her 31-year career at United has included roles as Commercial Lender, Market President, and Regional President. Ms. Gurtis previously served on boards with Charleston Area Alliance, YWCA Charleston, and West Virginia Symphony. She currently serves as Treasurer on the Board of West Virginia Independent Colleges and Universities. Ms. Gurtis earned a degree in Finance from West Virginia University. She and her spouse, Andy, reside in Morgantown, WV. They have three children, a daughter-in-law and one granddaughter.

Michael P. Fitzgerald, United’s President, will become Vice Chairman of the Board of Directors. He will continue to focus on business development and client relationships. Prior to joining United, Fitzgerald was the Founder, Chairman, President & CEO of Bank of Georgetown, Washington, D.C., which was acquired by United in 2016. Mr. Fitzgerald will continue to serve on the Board of Directors of United Bankshares, Inc., and as Chairman of United’s Board Trust Committee. He and his spouse, Eileen, have two daughters and sons-in law, as well as two granddaughters.

As of December 31, 2021, United Bankshares, Inc. (“UBSI”) had consolidated assets of approximately $29.3 billion. UBSI is the parent company of United Bank which comprises nearly 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol "UBSI".

W. Mark Tatterson

Chief Financial Officer

(800) 445-1347 ext. 8716

Source: United Bankshares, Inc.

FAQ

Who has been promoted to President of United Bankshares, Inc. (UBSI)?

Julie R. Gurtis has been promoted to President of United Bankshares, Inc. effective April 1, 2022.

What are the total consolidated assets of United Bankshares, Inc. (UBSI)?

As of December 31, 2021, United Bankshares, Inc. reported consolidated assets of approximately $29.3 billion.

What is the role of Michael P. Fitzgerald in United Bankshares, Inc. after the recent changes?

Michael P. Fitzgerald will transition to Vice Chairman of the Board of Directors while focusing on business development.

How many offices does United Bank operate?

United Bank operates nearly 250 offices across several states including Virginia, Maryland, and West Virginia.

United Bankshares Inc

NASDAQ:UBSI

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