S&P could cut United Bank

Moody's Investors Service said it placed the long-term ratings of United Bank, Inc. and United Bank, the bank subsidiaries of United Bankshares, Inc., on review for downgrade.

United has a standalone bank financial strength rating/baseline credit assessment of C/A3 and a long-term deposit rating of A3. United's Prime-2 short-term deposit rating was affirmed. The holding company is not rated.

Moody's said the review follows the announcement that United entered into a definitive agreement to acquire Virginia Commerce Bancorp, Inc. in an all stock transaction valued at approximately $491 million. The transaction is expected to close in the third quarter of 2013.

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