United Community Banks Inc

NASDAQ:UCBI   3:59:59 PM EDT
30.57
+0.27 (+0.89%)
Debt Financing / Related, Equity Investments, Mergers / Acquisitions

United Community Banks And Progress Financial Corp Announce Merger

Published: 05/04/2022 13:46 GMT
United Community Banks Inc (UCBI) - United Community Banks, Inc. and Progress Financial Corporation Announce Merger Agreement.
United Community Banks Inc - United Will Acquire Progress, and Its Wholly-owned Subsidiary, Progress Bank & Trust in an All-stock Transaction.
United Community Banks Inc - Deal for Approximately $271.5 Million, Or $23.52 per Share of Progress Common Stock.
United Community Banks Inc - Progress Shareholders Will Receive 0.77 Shares of United Common Stock for Each Share of Progress Common Stock.
United Community Banks - Deal Expected to Be Accretive to Co's Eps, Excluding Transaction Costs, by About $0.07 per Share, Or 2.0% in 2023.