secwatch.observer — SEC 8-K summary
======================================

Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0000857855-23-000050
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

UCBI Board authorizes up to $25M repurchase of Series I preferred stock
-----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000085785523000050/0000857855-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000085785523000050/ucbi-20230614.htm
  HTML page:      https://secwatch.observer/filing/0000857855-23-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer