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Press Release: United Bankshares, Inc. Completes Acquisition of Piedmont Bancorp, Inc.
United Bankshares, Inc. Completes Acquisition Of Piedmont Bancorp, Inc. >UBSI
The provincial association reform has made another advancement, as Jiangsu Rural Commercial United Bank has been approved for establishment, continuing the promotion of the "one province, one policy" strategy.
① The application for the establishment of Jiangsu Rural Commercial United Bank has been approved, marking the official start of the construction work for the country's first rural commercial united bank established through the reform of provincial credit unions. ② Since 2024, multiple provincial credit unions, including those in Guizhou, Hubei, and Jiangxi, have successively announced their decisions to establish rural commercial united banks.
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