Material Event Form 8 K

Item 8.01 Other Events.

On November 29, 2024, United Bankshares, Inc. ("United") received regulatory approval from the Board of Governors of the Federal Reserve System (the "Federal Reserve Board") for the merger of Piedmont Bancorp, Inc. ("Piedmont") with and into United pursuant to the Agreement and Plan of Merger, dated as of May 9, 2024, and the merger of The Piedmont Bank, a wholly-owned direct subsidiary of Piedmont, with and into United Bank, a wholly-owned direct subsidiary of United (the "Merger"). United and Piedmont previously received the necessary state banking regulatory approvals for the Merger. All requisite regulatory approvals have now been received and the Merger also has been approved by the stockholders of Piedmont.

The parties intend for the Merger to close in early 2025, subject to the satisfaction of customary closing conditions. The former Piedmont offices will operate under the DBA United Bankshares in the State of Georgia. The operational conversion is anticipated to take place in late first quarter of 2025.