Business
United Bankshares, Inc. Elects Diana Lewis Jackson and Lacy I. Rice, III to its Board of Directors
WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)-- During its Annual Meeting of Shareholders held Wednesday, May 11, 2022, United Bankshares, Inc. (“United”)
About this update from United Bankshares, Inc.
[{"type":"text","content":" WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--\nDuring its Annual Meeting of Shareholders held Wednesday, May 11, 2022, United Bankshares, Inc. (“United”) (NASDAQ: UBSI), a $29.4 billion regional financial services company, elected two new directors to its board of directors – Diana Lewis Jackson and Lacy I. Rice, III. In addition, Richard M. Adams, Jr., United Bankshares’ new Chief Executive Officer, was also newly elected to the Board.\n\nJackson founded and currently serves as President and CEO of Action Facilities Management, Inc. (“AFM”), a premier government and commercial contract firm specializing in building integrated facilities maintenance, janitorial/sanitation, administrative and security services, in Morgantown, West Virginia. With just under 400 employees in 10 states and Washington, D.C., AFM champions diversity through its employment practices and retention programs and is proud to be among the minority and women-owned small businesses that represent West Virginia.\n\nRice is the co-founder and Managing Partner of Federal Capital Partners (“FCP”), a privately held real estate investment company that acquires, operates and develops residential and commercial assets nationally. Headquartered in Chevy Chase, Maryland, FCP also deploys capital in residential and commercial product sectors through joint venture equity, mezzanine debt and preferred equity investments.\n\n“Diana and Lacy are highly-respected leaders in their respective industries, communities and the business world,” stated United Bankshares’ Executive Chairman of the Board, Richard M. Adams. “United prides itself in its local leadership and commitment to serving the local communities across our footprint, which makes Diana and Lacy both welcome additions to our board as we continue our mission of excellence in service to our employees, our customers, our shareholders and our communities.”\n\nFor the past several decades, Jackson has focused on building her community, providing her time, leadership and generosity through a multitude of organizations that prioritize education, health, support for the disadvantaged and local entrepreneurship. She currently serves on the Discover the Real West Virginia Foundation, West Virginia Higher Education Policy Commission, West Virginia Regional Technology Park Board of Directors, WVU Medicine Cancer Institute ...