On May 1, 2020, United Bankshares Inc., completed its merger with Carolina Financial Corporation, pursuant to the Agreement and Plan of Merger dated as of November 17, 2019, by and between United and Carolina Financial. At the Effective Time of the Merger, all of the directors and executive officers of Carolina Financial ceased serving as directors and executive officers of Carolina Financial. As of the Effective Time, Jerold L. Rexroad, the former President and Chief Executive Officer of Carolina Financial, was appointed to the board of directors of each of United and United Bank.