secwatch.observer — SEC 8-K summary
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Issuer:     UNITED COMMUNITY BANKS INC (UCB)
CIK:        0000857855
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001104659-24-124900
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Community Banks to acquire ANB Holdings for ~$80M in all-stock deal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857855/000110465924124900/0001104659-24-124900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857855/000110465924124900/tm2429974d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-124900

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