Press Release May 20, 2024

Alston & Bird Represents Piedmont Bancorp in $267 Million Acquisition by United Bankshares

Alston & Bird represented Piedmont Bancorp, the parent company of The Piedmont Bank, in its $267 million acquisition by United Bankshares, the parent company of United Bank, making United the 39th-largest banking company in the United States based on market capitalization. Piedmont is a $2.1 billion asset bank holding company headquartered in Georgia. Through The Piedmont Bank, Piedmont operates 16 locations in the Atlanta area and North Georgia dedicated to exceptional service and innovative products for both business and personal banking.

The Alston & Bird team was led by partners Mark Kanaly and David Park (Corporate & Finance); partners John Shannon, Meredith Gage, and Blake MacKay (Employee Benefits & Executive Compensation); senior associate John Harden (Tax); and senior associate John Hobgood and associate Janelle Owusu (Financial Services).

Media Contact
Alex Wolfe
Communications Director

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