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United Bank: Record Earnings

Washington DC
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United Bank announces record earnings for the third quarter and the first nine months of 2015: $35M and $104.5M, respectively, says COO Ross Draber. United’s return-on-average assets of 1.14% and return-on-average equity of 8.25% both compared favorably to its latest Federal Reserve peer group's numbers (bank holding companies with total assets over $10B). United continues to prudently grow assets and core earnings, solidifying its position as the dominant community bank of the nation's capital. During Q3 2015, United’s board of directors declared a cash dividend of 32 cents per share. United has increased its dividend to shareholders for 41 consecutive years and is one of only two banks in the United States to achieve such a record. For more info on our Bisnow partner, click here.