United Community Banks, Inc. and ANB Holdings, Inc., the Parent of American National Bank, Announce Merger Agreement
United Community Banks, Inc. (UCB)
Company Research
Source: GlobeNewswire
GREENVILLE, S.C., Dec. 03, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”) and ANB Holdings, Inc. (“ANB”) announced today the execution of a definitive merger agreement (the “Merger Agreement”) pursuant to which United will acquire ANB, and its wholly-owned subsidiary, American National Bank (“ANB Bank”), in an all-stock transaction with an aggregate value of approximately $80 million (the “Merger”). ANB Bank is headquartered in Oakland Park, Florida, a northern and fast-growing part of the Miami metropolitan area. Founded in 1985, ANB Bank primarily services Miami Dade, Broward, and Palm Beach Counties. It is a premier franchise with an experienced management team led by President and Chief Executive Officer Ginger Martin. ANB Bank’s high-touch customer service is delivered to retail and business customers through one location on North Federal Highway in Oakland Park. As of September 30, 2024, ANB Bank reported total assets of $439 million, with to
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UCB
News
- United Community Banks, Inc. Announces Quarterly Cash Dividend on Common and Preferred StockGlobeNewswire
- United Community earns 8th consecutive recognition as one of the Best Banks to Work ForPR Newswire
- United Community Banks: Too Rich For My Blood [Seeking Alpha]Seeking Alpha
- United Community Banks, Inc. (NASDAQ: UCB) had its price target lowered by analysts at Piper Sandler from $29.00 to $28.00. They now have a "neutral" rating on the stock.MarketBeat
- United Community Banks, Inc. (NASDAQ: UCB) had its price target lowered by analysts at Truist Financial Co. from $32.00 to $30.00. They now have a "hold" rating on the stock.MarketBeat
UCB
Earnings
- 10/23/24 - Miss
UCB
Sec Filings
- 12/3/24 - Form 425
- 12/3/24 - Form 8-K
- 11/19/24 - Form 4
- UCB's page on the SEC website