Richard (Rick) Adams Jr. (Photo Provided)

PARKERSBURG — United Bankshares Inc. will be undergoing a leadership change in April.

Richard M. Adams, Chairman and CEO of United Bankshares Inc., announced Tuesday the Board of Directors’ approval of an executive management reorganization to become effective at the beginning of the second quarter, April 1, 2022.

Under the reorganization, Adams will become the Executive Chairman of the Board of United.

Richard (Rick) Adams Jr., the current President, will become the Chief Executive Officer and will be joining the United Board of Directors.

“I’m excited about the opportunity to work with our great team, to continue to build the company and to serve our customers and communities,” Rick Adams said.

Richard Adams became CEO of United — which was Parkersburg National Bank at the time in 1976 — at the age of 29.

“We took a $100 million bank in Parkersburg, West Virginia, with a single office to an almost $30 billion company in eight states and the nation’s capital through 33 acquisitions with the help of a lot of great people,” he said. “It has been a true blessing for our company.”

Rick Adams will become the 14th CEO in United’s 183-year history.

In addition, James (Jim) C. Consagra Jr., currently COO, will become President.

Rick Adams joined United in 1994. Prior to that time, he was an attorney with the law firm of Bowles Rice LLP. He is a graduate of Rollins College and received his JD from Washington & Lee University.

He and his spouse, Chrystal, reside in Bethesda, Md., with their three sons.

Prior to joining United in 1998, Consagra held the position of CFO & Treasurer of George Mason Bankshares, which was acquired by United. He began his professional career in public accounting with the firm of Swart, LaLande and Associates, CPAs.

Consagra is a graduate of James Madison University where he holds degrees in accounting and economics.

He and his spouse, Kathy, reside in Northern Virginia.

As of Dec. 31, 2021, United had consolidated assets of approximately $29.3 billion. United is the parent company of United Bank which comprises nearly 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio.

United’s stock is traded on the NASDAQ Global Select Market under the quotation symbol “UBSI”.