On Jan. 29, United said its fourth-quarter earnings increased 5 percent from the year before, to $21.2 million or 42 cents a share.
Earnings for last year totaled $82.6 million, which is a 9 percent increase from the company's $75.6 million earnings in 2011.
United has completed 28 acquisitions since 1982.
The last transaction took place in 2010 when United bought Morgantown-based Centra Financial Holdings, the parent company of Centra Bank.
The $186.9 million deal increased the company's reach in West Virginia and Maryland and expanded into Pennsylvania.
Centra had $1.4 billion is assets and 15 branches at the time.
In 2009, Centra made national headlines after it became the first bank in the U.S. to pay off the funds it received from the federal government as part of the Troubled Asset Relief Program.
Centra returned the $15 million it borrowed, as well as an additional $750,000 to buy back warrants the Treasury was holding that gave the government an ownership stake in the bank.
VCBI recently repurchased $71 million of preferred stock issued under the TARP Capital Purchase Program, according to United officials.
The deal values VCBI at $14 per share, or a 14.6 percent one-day market premium on its closing price Jan. 29, according to United.
Reach Megan Workman at megan.work...@wvgazette.com or 304-348-5113.