other
confidence high
sentiment neutral
materiality 0.35
UCBI Board authorizes up to $25M repurchase of Series I preferred stock
UNITED COMMUNITY BANKS INC
- Board approved repurchase of up to $25M of Series I Non-Cumulative Preferred Stock (UCBIO) through open-market or private transactions.
- Program may be modified, suspended, or discontinued at any time without prior notice.
- Company is not committed to repurchase any specific number of shares; actual purchases depend on market conditions and other factors.
- Repurchases may be executed directly or via depositary shares representing 1/1000th interest in a preferred share.