Lacy I. Rice, III net worth and biography

Lacy Rice, III Biography and Net Worth

Founding partner Lacy Rice has 38 years of experience in real estate and corporate finance. Prior to co-founding FCP, Mr. Rice was a Principal at The Carlyle Group, where he and Mr. Korhonen helped raise and invest Carlyle’s first real estate private equity fund ($457 million). Mr. Rice also served on the fund’s Investment Committee. Prior to joining Carlyle, Mr. Rice was a member of the Investment Banking Group at Alex. Brown & Sons, where he was involved in $2.5 billion of real estate M&A and underwriting transactions. Mr. Rice also developed residential communities as a Principal at Haas & Hayne Corporation and structured and closed loans, private placements, and interest rate swaps as a Corporate Account Officer at Chemical Bank. Mr. Rice serves on the boards of United Bankshares, Inc. (NASDQ: UBSI) and The Boys and Girls Clubs of Greater Washington and is the Co-Chair of NMHC’s Workforce Housing Committee Legislative Sub-Committee. He has served as Board Chairperson of American Community Properties Trust (NYSE AMEX: APO) and as a member of the Shepherd University Board of Governors, the WV Economic Development Authority Board, the BB&T D.C. Advisory Board, and the Mercersburg Academy Alumni Council. Mr. Rice received a Masters of Business Administration degree from Harvard Business School and a Bachelor of Arts degree from Princeton University.

What is Lacy I. Rice, III's net worth?: The estimated net worth of Lacy I. Rice, III is at least $1.11 million as of May 25th, 2023. Mr. Rice, III owns 33,261 shares of United Bankshares stock worth more than $1,109,254 as of April 27th. This net worth evaluation does not reflect any other investments that Mr. Rice, III may own. Learn More about Lacy I. Rice, III's net worth.
How do I contact Lacy I. Rice, III?: The corporate mailing address for Mr. Rice, III and other United Bankshares executives is 300 UNITED CTR 500 VIRGINIA ST E, CHARLESTON WV, 25301. United Bankshares can also be reached via phone at (304) 424-8716. Learn More on Lacy I. Rice, III's contact information.
Has Lacy I. Rice, III been buying or selling shares of United Bankshares?: Lacy I. Rice, III has not been actively trading shares of United Bankshares during the last ninety days. Most recently, on Thursday, May 25th, Lacy I. Rice III bought 10,000 shares of United Bankshares stock. The stock was acquired at an average cost of $29.43 per share, with a total value of $294,300.00. Following the completion of the transaction, the director now directly owns 33,261 shares of the company's stock, valued at $978,871.23. Learn More on Lacy I. Rice, III's trading history.
Who are United Bankshares' active insiders?: United Bankshares' insider roster includes Richard Adams, Sr. (Chairman), Peter Converse (Director), J. McNamara (Director), Mark Nesselroad (Director), Jerry Rexroad (EVP), Lacy Rice, III (Director), and Gary White (Director). Learn More on United Bankshares' active insiders.
Are insiders buying or selling shares of United Bankshares?: In the last year, United Bankshares insiders bought shares 5 times. They purchased a total of 11,350 shares worth more than $333,705.00. The most recent insider tranaction occured on October, 27th when Director Gary G White bought 400 shares worth more than $11,124.00. Insiders at United Bankshares own 3.7% of the company. Learn More about insider trades at United Bankshares.
Information on this page was last updated on 10/27/2023.

Lacy I. Rice, III Insider Trading History at United Bankshares

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
5/25/2023	Buy	10,000	$29.43	$294,300.00	33,261

Lacy I. Rice, III Buying and Selling Activity at United Bankshares

United Bankshares Company Overview

United Bankshares, Inc., through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts. Its loan products include commercial loans and leases to small to mid-size industrial and commercial companies; construction and real estate loans, such as commercial and residential mortgages, and loans secured by owner-occupied real estate; personal, student, credit card receivables, personal, commercial, and floor plan loans; and home equity loans. In addition, the company provides credit cards; safe deposit boxes, wire transfers, and other banking products and services; investment and security services; services to correspondent banks, including buying and selling federal funds; automated teller machine services; and internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services, as well as investment management and retirement planning services. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.

Today's Range

Now: $33.35

$32.88

$33.62

50 Day Range

MA: $34.26

$32.47

$35.79

2 Week Range

Now: $33.35

$25.35

$38.74

Volume

755,761 shs

Average Volume

419,705 shs

Market Capitalization

$4.50 billion

P/E Ratio

12.73

Dividend Yield

4.44%

Beta

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