secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0000857855-23-000052
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000085785523000052/0000857855-23-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000085785523000052/ucbi-20230701.htm
  HTML page:      https://secwatch.observer/filing/0000857855-23-000052

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