Charleston, W.Va. (AP) -- The parent company of united bank says it's rewriting third-quarter financial results to include a $5.04 million loss on an investment in a failed Chicago bank.
Charleston-based United Bankshares says in a regulatory filing Wednesday the loss stems from the shutdown of Park National Bank.
Federal regulators took over park and eight related banks owned by Oak Park, Ill.-based FBOP Corp. on Friday.
United says its investment in park was worth $8.47 million as of September.
The shutdown occurred four days after United had released its third-quarter results, which the bank says it's going to change in its next quarterly report to the securities and exchange commission.
United has approximately $8 billion in assets and branches in West Virginia, Virginia, Maryland, Ohio and Washington, D.C.
(Copyright 2009 by the Associated Press. All rights reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.