United Bankshares, Inc. Elects Charles L. Capito, Jr. to its Board of Directors
United Bankshares, Inc. appointed Charles L. Capito, Jr. to its board of directors during the Annual Meeting of Shareholders. Capito, a seasoned leader with experience as Managing Director at Wells Fargo Advisors in West Virginia, is expected to enhance the company’s commitment to local leadership and community service.
His background includes significant roles at United Bank and Citigroup, complemented by active involvement in various boards and organizations. With consolidated assets of approximately $27 billion, United Bankshares operates across multiple states and has its stock traded under the symbol UBSI.
- Charles L. Capito, Jr. brings extensive experience in financial services, which may enhance strategic decision-making.
- Capito's local and national industry connections could strengthen partnerships and community engagement.
- Concerns may arise regarding the continuity of leadership with a new board member.
- Potential experience gaps in specific areas relevant to modern banking may exist.
During its Annual Meeting of Shareholders held today, United Bankshares, Inc. (United), a
“As a seasoned leader in the financial services industry, Charlie is highly respected in the business community throughout West Virginia and in Washington, D.C.,” stated United Bankshares, Inc. Chairman and Chief Executive Officer, Richard M. Adams. “United prides itself in its local leadership and commitment to serving the local communities across our footprint, which makes Charlie a welcome addition to our board as we continue our mission of excellence in service to our employees, our customers, our shareholders and our communities.”
During his time at Wells Fargo, he was charged with the prudent management of the firm’s resources, while also building local partnerships in West Virginia, recruiting top talent and creating an inclusive environment of teamwork and innovation across the firm. Previously, he also served as Executive Vice President and Director of Business Development at United Bank. While at United, Capito was also a member of the United Brokerage Services, Inc. Board. Prior to this, he served in leadership roles with Citigroup in New York City and the Legg Mason Division at Smith Barney in Washington, D.C.
Currently, in addition to his role as President of the Congressional Club Museum and Foundation in Washington, D.C., Capito serves on the West Virginia University Board of Governors. He is also a trustee, as well as Audit Committee Chairman, for both Charleston Area Medical Center, Inc. and CAMC Health Systems, Inc. in Charleston, West Virginia. Capito is the husband of U.S. Senator Shelley Moore Capito, R-WV.
About United Bankshares, Inc.
United Bankshares, Inc. has consolidated assets of approximately
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