United Bank Chairman Richard M. Adams to Receive Lifetime Achievement Award

United Bank Executive Chairman Richard M. Adams is being recognized with a lifetime achievement award by a business group in the nation’s capital. Adams will be inducted into the Washington Business Hall of Fame on December 5. This prestigious honor is bestowed upon less than 200 business and community leaders who have demonstrated excellence and visionary leadership that has made a significant and lasting impact on the Greater Washington Region.

The Washington Business Hall of Fame is a project of Junior Achievement of Greater Washington, the Greater Washington Board of Trade, and the Washington Business Journal. The Hall of Fame gala event, where Adams will be celebrated, will support Junior Achievement of Greater Washington.

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Adams’ Journey and Achievements

In a recent Q&A with the Washington Business Journal, Adams shared his remarkable journey in the banking industry. Following his father’s death in 1974, Adams became a leader at the Parkersburg National Bank and was appointed president of the company at just 29 years old. Under Adams’ leadership, the bank transformed into United Bankshares, an institution with nearly $30 billion in assets and 250 offices across eight states and Washington, D.C.

Adams attributed his success to his ability to find and develop talented individuals, which proved crucial in overcoming various challenges along the way. He also expressed admiration for his father, who served as his most influential role model and taught him important values such as hard work, integrity, and caring for others.

Throughout the COVID-19 pandemic, United Bank under Adams’ guidance demonstrated its commitment to supporting its customers and communities. The bank offered loans through the Paycheck Protection Program, deferred loan payments, waived fees, and engaged in charitable efforts. As a result, Adams was recognized as the COVID-19 Response CEO of the Year by the Washington Business Journal in 2021.

Adams is now set to join the prestigious class of Hall of Fame laureates, including prominent business leaders such as Thomas J. Baltimore Jr., Terri McClements, Deryl McKissack, and Kurt D. Newman. The annual Hall of Fame gala, scheduled for December 5 in Washington, D.C., will celebrate these accomplished individuals.