Theodore J. Georgelas is an Independent Director of United Bankshares, Inc. Mr. Georgelas is the Managing Director of the Georgelas Group Holdings, LLC. Mr. Georgelas is a current director and a former Chairman of United Bank. Mr. Georgelas is also a former Chairman of the Board of Sector Communications. Mr. Georgelas has been a director of the Company since 1990. Mr. Georgelas has spent more than 40 years heading a multi-national real estate development and construction company. During his business career, Mr. Georgelas has expanded from a spot builder of custom homes to a multi-faceted developer of commercial, industrial, retail and residential properties with primary geographic emphasis in the Mid-Atlantic states of Virginia, Maryland, Delaware and the District of Columbia. Mr. Georgelas has a broad range of experience in structuring financial transactions and legal documentation. Mr. Georgelas is also technologically proficient having formed a cellular phone business that was later sold. Mr. Georgelas brings this management and leadership experience to his role as a director of the Company.
As the Independent Director of United Bankshares, the total compensation of Theodore Georgelas at United Bankshares is $93,532. There are 16 executives at United Bankshares getting paid more, with Richard M. Adams Sr. having the highest compensation of $2,779,124.
Theodore Georgelas is 73, he's been the Independent Director of United Bankshares since 1990. There are 1 older and 20 younger executives at United Bankshares. The oldest executive at United Bankshares, Inc. is Richard M. Adams Sr., 74, who is the Chairman & CEO.
Over the last 24 years, insiders at United Bankshares have traded over $20,542,182 worth of United Bankshares stock and bought 125,154 units worth $3,780,610 . The most active insiders traders include Michael P Fitzgerald, Peter A Converse, and Richard M Sr Adams. On average, United Bankshares executives and independent directors trade stock every 30 days with the average trade being worth of $373,285. The most recent stock trade was executed by Ross M Draber on 7 December 2023, trading 1,000 units of UBSI stock currently worth $28,890.
at united, we are committed to providing each customer with an unmatched level of service. while we offer competitive products, services, rates, and technology, the level of service we provide and our commitment to building relationships is what sets us apart from our competitors. united isn’t just growing to get bigger. we are growing to satisfy the continued demand for a bank that focuses on service. with 130 branches across maryland, ohio, pennsylvania, virginia and west virginia and over 1600 employees, our mix of competitive products, combined with a high level of service and a focus on relationships is an overwhelming value proposition for our customers.
United Bankshares executives and other stock owners filed with the SEC include: