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What bank did United Community Bank merge with?
and Progress Financial Corporation Announce Merger Agreement. GREENVILLE, S.C. and HUNTSVILLE, Ala. , May 04, 2022 (GLOBE NEWSWIRE) -- United Community Banks, Inc.
Is Seaside bank the same as United Community Bank?
Also, effective July 1, 2020 , Three Shores' bank subsidiary, Seaside National Bank & Trust , merged into United's bank subsidiary, United Community Bank .
Is Reliant Bank changing its name?
The corporation changed its name to Reliant Bancorp, Inc. on December 31, 2017. The corporation acquired Community First, Inc. (“Community First”) and Community First Bank & Trust, Community First's wholly owned bank subsidiary, located in Columbia, Tennessee, through a merger on January 1, 2018.
Is United Community Bank a local bank?
Its business model includes local bank presidents with an average of 20 years in community banking experience, 90% of which has been in their local markets....United Community Banks, Inc.TypePublicFounded1950HeadquartersGreenville, SC, United StatesKey peopleH. Lynn Harton Chief Executive Officer3 more rows
Who purchased seaside bank?
United Community BankUnited Community Bank acquires Florida-based Seaside National Bank and Trust. United Community Bank announced on Monday, March 9, the acquisition of Florida-based Three Shores Bancorporation and its wholly owned subsidiary Seaside National Bank and Trust.
Where is headquarters for United Community Bank?
Greenville, SCUnited Community Bank, Inc. / Headquarters
Who owns Reliant Bank?
United Community Bank(NASDAQ: UCBI) (United) has completed its merger, effective January 1, 2022, with Reliant Bancorp, Inc. (NASDAQCM: RBNC) (Reliant), including its wholly-owned subsidiary, Reliant Bank, which was merged with and into United's bank subsidiary, United Community Bank, and will now operate under the United brand.
Did Reliant Bank get bought out?
(NASDAQ: UCBI) (United) has completed its merger, effective January 1, 2022 , with Reliant Bancorp, Inc. (NASDAQCM: RBNC) (Reliant), including its wholly-owned subsidiary, Reliant Bank , which was merged with and into United's bank subsidiary, United Community Bank , and will now operate under the United brand.
Who bought reliant?
United Community BanksUnited Community Banks announced on Wednesday, July 14 it will acquire Reliant Bancorp and its subsidiary Reliant Bank. The transaction value is worth $517 million.
What is the largest black owned bank?
OneUnited BankWhat is the largest Black-owned bank? OneUnited Bank is the nation's largest Black-owned and FDIC-insured bank.
Is United Community Bank in Florida?
United Community Bank has locations throughout Georgia, North Carolina, Tennessee and South Carolina. From business and personal banking solutions to real estate and mortgage lending to advisory services, we are experts in getting you the financial support you need.
What bank is routing number 061112843?
United Community Bank'sUnited Community Bank's ABA routing number is 061112843.
What is a united community?
United Community is a coordinated care network of health, education, and social care providers.
Does United Community Bank have Zelle?
It's easy — Zelle® is already available within your UCB online banking and your UCB Banks Mobile App! Check our app or sign-in online and follow a few simple steps to enroll with Zelle today. To get started in the UCB Banks Mobile App, choose the Transfer & Pay menu, and then select "Send Money with Zelle®".
Does United Bank have Zelle?
Zelle® is now available in United Bank's mobile banking app (Bank With United). Zelle is a fast, safe and easy way to send money directly between almost any bank accounts in the U.S., typically within minutes1 .
How do you cash a check?
Cash it at the issuing bank (this is the bank name that is pre-printed on the check) Cash a check at a retailer that cashes checks (discount department store, grocery stores, etc.) Cash the check at a check-cashing store. Deposit at an ATM onto a pre-paid card account or checkless debit card account.
How many banks does Three Shores have?
Three Shores operates 14 banking offices, all located in high-growth markets across Florida. At March 31, 2020, Three Shores had $1.8 billion in assets, $1.5 billion in deposits and $1.4 billion in loans. It also had approximately $857 million in assets under advisement.
Is United or Three Shores forward looking?
Any forward-looking statement speaks only as of the date of this communication, and neither United nor Three Shores undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
What banks did UCB acquire?
In 2003, First Georgia Holding Inc. was acquired for about $42 million, and UCB also acquired First Central Bank of Lenoir City, Tennessee. In 2004, when assets reached $5 billion, acquisitions included Fairbanco Holding Co. for $24.7 million, Eagle National Bank for $12.4 million, Liberty National Bancshares Inc. for $42.5 million.
What is United Community Bank?
United Community Bank, United's wholly owned bank subsidiary, specializes in personalized community banking services for individuals, small businesses and companies throughout its geographic footprint, including Florida under the brand Seaside Bank and Trust. Services include a full range of consumer and commercial banking products, ...
When did UCB buy 1st Floyd Bank?
In 1999, UCB paid $7.1 million plus other costs for Bank of Adairsville parent Adairsville Bancshares, and also acquired 1st Floyd Bank. Both of these became part of United Community Bank (Georgia) in 2001. In 2000, North Point Bancshares Inc., Independent Bancshares Inc. and consultant Brintech, Inc.
How much did the FDIC pay for Southern Community Bank in 2009?
In 2009, UCB purchased assets and most liabilities of Southern Community Bank, with the FDIC paying $31 million.
When did Palmetto Bancshares merge with United Community Banks?
In 2015, Palmetto Bancshares, Inc. merged with United Community Banks. On June 27, 2017, Four Oaks Fincorp of Four Oaks, North Carolina, started in 1912, agreed to a $124 million deal which would give United Community Bank 14 more North Carolina branches, twelve of those in the Triangle and an additional $737 million in assets.
When did Southern National Bank merge with United Community Bank?
In 2006, Southern National Bank parent Southern Bancorp was acquired for stock valued at $67.8 million and merged into United Community Bank, and two Sylva, North Carolina offices were purchased from First Charter Bank, giving UCB 19 North Carolina locations.
When was Union County Bank founded?
Union County Bank began in 1949 in Blairsville, Georgia, and had $42 million in assets when Jimmy C. Tallent became president in 1984. United Community Banks was incorporated in 1987. Union County Bank was acquired in 1988 and became United Community Bank (Georgia) in 1996. Other acquisitions were Citizens Bank of Murphy, ...
When did United Community Banks enter the Nashville market?
The bank entered the Nashville market in 2013. Upon closure of the deal in the first quarter 2022, Greenville, South Carolina-based United Community Banks is expected to be the 10th-largest bank in Tennessee for deposit market share.
Who bought Reliant Bancorp?
Brentwood-based Reliant Bancorp Inc. (Nasdaq: RBNC) has been purchased by United Community Banks Inc. in an all-stock deal valued at $517 million, or $30.58 per share, according to a news release.
What is reliant bank?
Reliant is Middle Tennessee's 10th-largest bank, according to Nashville Business Journal research, with $2.6 billion in local deposits. Founded in 2006, the homegrown lender has 25 branches in Tennessee, according to the release, with $3.1 billion in total assets. Upon closure of the deal in the first quarter 2022, Greenville, ...
How many offices does United Bank have?
United Bank and its subsidiaries comprise 223 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. The Community Bankers Trust transaction represents the 33rd acquisition of the current administration. United has increased its dividend to shareholders for 47 consecutive ...
When will Essex Bank merge with Community Bankers Trust?
The merger agreement has been approved by the boards of directors of both companies. The merger is expected to close in the fourth quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of Community Bankers Trust. Community Bankers Trust will merge into United, and Essex Bank will merge into United Bank, with United and United Bank being the surviving entities.
Where is Community Bankers Trust located?
Community Bankers Trust is a well-capitalized, single bank holding company headquartered in the greater Richmond, Virginia market with approximately $1.7 billion in assets as of March 31, 2021. Community Bankers Trust is the holding company for Essex Bank, a Virginia state chartered bank with 24 full-service offices, ...
Who is considered a participant in the merger of Community Bankers Trust?
Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Community Bankers Trust shareholders in connection with the proposed Merger will be set forth in the proxy statement/prospectus when it is filed with the SEC.
Who is the CEO of Community Bankers Trust?
Community Bankers Trust President and CEO Rex L. Smith III stated, "We are excited to become a part of the United Bank family. They have a steadfast and proven commitment to their customers and the communities in which they operate. The merger will give us the ability to offer better and more sophisticated products and services while still maintaining the community bank approach to doing business with local leadership. This will be a great benefit to our customers, to our shareholders and to the communities of Central Virginia, the Northern Neck and Eastern Maryland ." Mr. Smith will be retained as Regional President responsible for the existing Essex Bank locations in Virginia.
Is United and Community Bankers Trust a forward looking company?
United and Community Bankers Trust caution that the foregoing list of factors is not exclusive. All subsequent written and oral forward-looking statements concerning the proposed transaction or other matters attributable to United or Community Bankers Trust or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. United and Community Bankers Trust do not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made.
When did UCB acquire Farmer's State Bank?
UCB's roots go back to 1907 with the establishment of Farmer's State Bank of Greenfield, Ill., which was acquired by UCB in 1973. Over the years the holding company — United Community Bancorp — acquired about a dozen satellite banks along with the banks in Mount Sterling and Carthage. The corporation now is a $1.3 billion institution operating in eight counties.
What banks did Mercantile Bancorp sell?
As part of that move, Mercantile Bancorp in 2010 sold two of its smallest banks — Brown County State Bank in Mount Sterling and Marine Bank and Trust in Carthage — to United Community Bancorp for $25.8 million.
When did Mercantile Bancorp buy a bank?
Mercantile Bancorp at one point owned multiple banks in multiple states after carrying out a series of acquisitions starting in 2005, including a bank in Florida that was bought to tap into that state's booming housing market. But when the real estate bubble burst as part of a national economic downturn in 2008, Mercantile Bancorp's financial picture turned bleak. The worst period came in 2009 and 2010. The holding company reported net losses of $58.5 million in 2009, followed by $44.6 million in losses in 2010.
Is the Mercantile Bank name still used?
Todd Wise, president and CEO of United Community Bank, said the Mercantile Bank name will continue to be used even after the transaction is finalized. He said operations at Mercantile's four Quincy locations will continue as always, and there is no anticipated change in staffing. The bank employs around 120 people in Quincy, Wise said.
Does the Mercantile Bank sale affect customers?
The sale will have little, if any, impact on Mercantile's customers or employees, according to Blaine Strock, president and chief executive officer of Mercantile Bank.
Will mortgage loans be administered locally?
In addition, mortgage loans will continue to be administered locally as they have in the past.
Is Mercantile Bank going bankrupt?
The sale is complicated, however, because as part of the transaction, Mercantile Bancorp — the holding company that owns Mercantile Bank — filed for bankruptcy Thursday in the state of Delaware, where the corporation is chartered. If the petition is approved by the bankruptcy court, Mercantile Bancorp will cease to exist.
