Item 8.01 - Other Events.

On December 1, 2008, United Bankshares Inc ("United") filed with the Securities and Exchange Commission (the "SEC") a Definitive Proxy Statement dated December 3, 2008 (the "Definitive Proxy Statement"), to be furnished to its shareholders in connection with the solicitation of proxies by the Board of Directors of United (the "Board") to vote at the Special Meeting of Shareholders (the "Special Meeting") to be held on December 23, 2008.
As disclosed in the Definitive Proxy Statement, at the Special Meeting, the shareholders of United will consider and vote upon the adoption of a proposed amendment to Article VI of United's Articles of Incorporation to increase United's authorized capital stock and to authorize the issuance of preferred stock. The primary objective of the proposed amendment to Article VI of United's Articles of Incorporation is to enable United to participate in the TARP Capital Purchase Program (the "CPP") instituted by the United States Department of the Treasury under the Emergency Economic Stabilization Act of 2008. United received preliminary approval to participate in the CPP on December 3, 2008. See the Form 8-K filed by United dated December 3, 2008.
On December 15, 2008, the Executive Committee of the Board, acting on behalf of the Board of Directors, passed a resolution that the Board will not, without prior shareholder approval, issue any series of preferred stock for any defensive or anti-takeover purpose, for the purpose of implementing any shareholder rights plan or with features specifically intended to make any attempted acquisition of United more difficult or costly. Within the limits described above, the Board may issue preferred stock for capital raising transactions, acquisitions, joint ventures or other corporate purposes that has the effect of making an acquisition of United more difficult or costly, as could also be the case if the Board were to issue additional common stock for such purposes.

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