secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001104659-23-022325
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465923022325/0001104659-23-022325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465923022325/tm236951d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-022325

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