M&A
confidence high
sentiment neutral
materiality 0.60
UCBI receives all regulatory approvals for First Miami merger; closing expected July 1, 2023
UNITED COMMUNITY BANKS INC
- FDIC, Federal Reserve Bank of Richmond, and South Carolina Board of Financial Institutions approved the acquisition.
- First Miami shareholders approved the transaction on May 30, 2023 at their annual meeting.
- Legal closing expected July 1, 2023; no further regulatory approvals are required.
- Merger unanimously approved by both boards; First National Bank of South Miami is the target.