---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-022325"
form_type: "8-K"
ticker: "UCB"
cik: "0000857855"
company_name: "UNITED COMMUNITY BANKS INC"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:37:07.802031+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# United Community Banks to acquire First Miami Bancorp in stock-for-stock merger

## Summary
- Each share of First Miami common stock to be exchanged for 40.2685 shares of UCBI common stock.
- Transaction expected to close by February 13, 2024, subject to regulatory approvals and First Miami shareholder vote.
- Termination fee of $4.5 million payable by First Miami under customary circumstances.
- First Miami directors entered into voting and support agreements to vote in favor of the merger.
- Merger agreement includes customary representations, warranties, and non-solicitation covenants.

## SEC filing metadata
- accession: 0001104659-23-022325
- form_type: 8-K
- ticker: UCB
- cik: 0000857855
- company_name: UNITED COMMUNITY BANKS INC
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857855/000110465923022325/0001104659-23-022325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857855/000110465923022325/tm236951d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-022325
- JSON: https://secwatch.observer/filing/0001104659-23-022325.json
- Plain text: https://secwatch.observer/filing/0001104659-23-022325.txt

## Key facts
- Material Agreements
  UNITED COMMUNITY BANKS INC entered into Agreement and Plan of Merger with First Miami Bancorp, Inc. (effective 2023-02-13).
  - Action: entry
  - Agreement: merger
  - Counterparty: First Miami Bancorp, Inc.
  - Effective: 2023-02-13
  source text: On February 13, 2023, United Community Banks, Inc., a Georgia corporation (“United” or the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with First Miami Bancorp, Inc., a Delaware corporation (“First Miami”) and Zamboni Merger Sub, Inc., a Delaware corporation and direct wholly-owned subsidiary of the Company (“Merger Sub”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/857855/000110465923022325/0001104659-23-022325-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.