secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001104659-23-019787
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Community Banks to acquire First Miami Bancorp in $115.9M all-stock deal
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- All-stock transaction valued at ~$115.9M; exchange ratio 40.2685 UCBI shares per FMIA share.
- First Miami has $1.0B assets, $594M loans, $867M deposits, and $310M in AUM.
- Deal expected to be accretive to UCBI EPS by ~$0.09 (3%) in 2024, excluding transaction costs.
- Closing expected in Q3 2023, subject to regulatory and First Miami shareholder approval.
- First Miami shareholders also to receive special cash dividend from sale of investment securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465923019787/0001104659-23-019787-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465923019787/tm236564d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-019787

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