M&A
confidence high
sentiment positive
materiality 0.70
United Community Banks to acquire ANB Holdings for ~$80M in all-stock deal
UNITED COMMUNITY BANKS INC
- United will issue 1.650 shares of its common stock per share of ANB common stock; deal value ~$80 million.
- ANB Bank has total assets of $439M, loans of $322M, and deposits of $374M as of Sep 30, 2024.
- Transaction expected to close in Q2 2025, subject to regulatory approval and ANB shareholder approval.
- Deal expected to be accretive to UCB's EPS by approximately $0.04 in 2026, the first full year.
- Acquisition strengthens United's presence in the Miami metro area; ANB CEO Ginger Martin to join.