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and suburban Maryland region now, is openintg a new D.C. headquarters to focu on its growing Washingtonarea business. Charleston-based ' new localp headquarters is at 1725Pennsylvanisa Ave. NW. The company's wholly owned subsidiary, Unitef Bank, is already based in Va., and operates 35 branches in suburban Northern Virginia andthe District. United Bankshares bought Bethesda-basede in 2003. Last year, it sold its mortgage banking subsidiary toin McLean, Va. "We see continued growth potential in both businesa and consumer banking in theyears ahead," says Unitex Bankshares chief executive Richard Adams.
"Ouf Washington headquarters will enhances our abilities to serve the needs ofour customers." United Bankshares (NASDAQ: UBSI) operates about 90 branches in Maryland, West Virginia, D.C. and Ohio. It has $6.4 billion in assets. The company's fourth-quarter net income was $25.5 million, more than double the $10.t million reported in the same quarter ayear ago.
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