United Community Banks Inc

NASDAQ:UCBI   9:52:04 AM EDT
29.30
+0.17 (+0.58%)
Debt Financing / Related, Mergers / Acquisitions

United Community Banks Inc And Reliant Bancorp Inc Announce Merger Agreement

Published: 07/14/2021 20:40 GMT
United Community Banks Inc (UCBI) - United Community Banks, Inc. and Reliant Bancorp, Inc., the Parent of Reliant Bank, Announce Merger Agreement.
United Community Banks Inc - Deal for Approximately $517 Million, Or $30.58 per Share of Reliant Common Stock.
United Community Banks Inc - United Will Acquire Reliant, and Its Wholly-owned Subsidiary, Reliant Bank in an All-stock Transaction.
United Community Banks Inc - Reliant Shareholders Will Receive 0.9842 Shares of United Common Stock for Each Share of Reliant Common Stock Outstanding.
United Community Banks - Merger Expected to Be Accretive to Co's Eps, Excluding Transaction Costs, by About $0.15/share in 2022 & $0.22/share in 2023.