BRIEF-United Bankshares To Acquire Piedmont Bancorp, Inc.

Reuters05-10

May 10 (Reuters) - United Bankshares Inc :

* UNITED BANKSHARES, INC. TO ACQUIRE PIEDMONT BANCORP, INC.

* UNITED BANKSHARES INC - PROPOSED DEAL FOR EXCHANGE RATIO WILL BE FIXED AT 0.300 OF UNITED'S SHARES FOR EACH SHARE OF PIEDMONT

* UNITED BANKSHARES INC - UNITED WILL ACQUIRE 100% OF OUTSTANDING SHARES OF PIEDMONT IN EXCHANGE FOR COMMON SHARES OF UNITED

* UNITED BANKSHARES INC - UNITED WILL ACQUIRE 100% OF OUTSTANDING SHARES OF PIEDMONT IN AN AGGREGATE TRANSACTION VALUE OF APPROXIMATELY $267 MILLION

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((Reuters.Briefs@thomsonreuters.com;))

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