United Community Banks completes First Miami Bancorp acquisition in stock-for-stock merger

UNITED COMMUNITY BANKS INC

Each First Miami share converted into 40.2685 UCBI shares; ~3.5 million UCBI shares issued.
Target had $945M assets, $605M loans, $823M deposits as of March 31, 2023.
First Miami's wealth management unit added ~$320 million in AUM.
Merger expands UCBI's presence in the Miami metro with three FNBSM offices.

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