WASHINGTON — Cardinal Bank signs at branches throughout the Washington area were swapped out over the weekend for United Bank signs, making their merger official. But a handful of Cardinal Bank branch locations have been closed because of overlap with nearby United Bank branches.
United Bankshares Inc. has officially completed its acquisition of Cardinal Financial Corporation for more than $900 million, giving it 23 additional branches in the Washington area. United Bank also gets Cardinal’s George Mason Mortgage LLC mortgage-lending business.
Seven Cardinal branches have closed in Virginia:
- 4115 Annandale Road, Annandale
- 2100 N. Glebe Road, Arlington
- 4300 Wilson Blvd., Arlington
- 199 Elden St., Herndon
- 5335 Lee Highway, Arlington
- 133 Maple Ave. E, Vienna
- 2505 Wilson Blvd., Arlington
United Bank is now the largest community bank in the Washington region and holds the No. 1 market share of deposits among community banks.
It is the latest in a string of acquisitions for United Bank, which has acquired 10 banks in the Washington region. It acquired Bank of Georgetown last year and Virginia Commerce Bank in 2013.
United Bank now has $19 billion in assets and 145 branches in D.C., Maryland, Virginia, West Virginia, Pennsylvania and Ohio.