SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 10, 2001
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United Bankshares, Inc.
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(Exact name of registrant as specified in its charter)
West Virginia No. 0-13322 55-0641179
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
300 United Center
500 Virginia Street, East
Charleston, West Virginia 25301
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(Address of Principal Executive Offices)
(304) 424-8800
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or address, if changed since last report)
Item 5. Other Events
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As of the close of business on December 7, 2001, United Bankshares,
Inc.("United"), a West Virginia corporation, completed its acquisition of
Century Bancshares, Inc. ("Century"), a Delaware corporation headquartered in
Washington, D.C. Century was merged with and into United (the "Merger") in a
transaction to be accounted for under the purchase method of accounting.
Under the terms of the Merger, each outstanding share of common stock of
Century, par value $1.00 per share, (other than any shares held by United other
than in a fiduciary capacity or in satisfaction of a debt previously contracted)
shall, by virtue of the Merger and without any action on the part of the holder
thereof, be converted into the right to receive 0.4500 shares of United common
stock, par value $2.50 per share, cash of $3.43, and the right to receive cash
in lieu of any fractional share without interest.
In connection with the Merger, Century National Bank ("CNB"), a wholly-
owned subsidiary of Century, was merged into United Bank ("UB"), a wholly-owned
subsidiary of United.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
99.1 Press Release, dated December 10, 2001, issued by United
Bankshares, Inc.
SIGNATURES
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Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UNITED BANKSHARES, INC.
Date: December 10, 2001 By: /s/ Steven E. Wilson
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Steven E. Wilson, Executive Vice
President, Treasurer, Secretary
and Chief Financial Officer