United Bankshares Declares First Quarter Dividend

United Bankshares, Inc. (UBSI) declared a first quarter dividend of 21¢ per share for shareholders of record as of March 10, 2000. This is a 5% increase over the 20¢ paid in the first quarter of 1999 and is equal to the fourth quarter 1999 dividend.

The dividend payout of approximately $8.9 million on 42.3 million shares is payable April 1, 2000. The year 2000 will be the 27th consecutive year of dividend increases to United shareholders. The annualized 2000 dividend of 84¢ equates to a yield of approximately 4.5% based on recent UBSI market prices.

United Bankshares stock is traded on the NASDAQ (National Association of Securities Dealers Quotation System) National Market System under the quotation symbol “UBSI”.