{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-000785","form_type":"8-K","ticker":"UCB","cik":"0000857855","company_name":"UNITED COMMUNITY BANKS INC","filed_at":"2023-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.267507+00:00","generated_at":"2026-06-20T20:37:50.549937+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"United Community Banks closes $296M stock merger with Progress Financial Corp.","bullets":["Effective Jan 3, 2023: each Progress share converted to 0.770 UCBI shares; total ~8.771M new UCBI shares issued.","Transaction valued at ~$296.4M based on UCBI Dec 30, 2022 closing price of $33.76.","Progress had $1.7B assets, $1.4B loans, $1.5B deposits as of Sept 30, 2022; 14 branches in AL and FL Panhandle.","David Nast named United Community Bank State President for Alabama and Florida Panhandle."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-000785","json":"https://secwatch.observer/filing/0001104659-23-000785.json","markdown":"https://secwatch.observer/filing/0001104659-23-000785.md","text":"https://secwatch.observer/filing/0001104659-23-000785.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/857855/000110465923000785/0001104659-23-000785-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/857855/000110465923000785/tm231415d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:37:50.549937+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c273c06da040a0b48535c1cd956e3fc78d33477f","claim":"UNITED COMMUNITY BANKS INC completed an acquisition involving Progress Financial Corporation for approximately $296.4 million (closed 2023-01-03).","evidence_excerpt":"President, Alabama and Florida Panhandle. In connection with the Merger, United issued approximately 8,771,000 shares of United Common Stock, which had a value of approximately $296.4 million based on the closing price of United Common Stock on December 30, 2022. Each share of United Common Stock outstanding prior to the Merger remained outstanding and unaffected by","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/857855/000110465923000785/0001104659-23-000785-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Progress Financial Corporation"},{"label":"Consideration","value":"approximately $296.4 million"},{"label":"Closing","value":"2023-01-03"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}