United Community Banks, Inc. acquires Progress Financial Corporation

Transaction Details

Announcement:
5/4/22

Consideration:
268.38M

Consideration Mix:
0 Cash /100 Stock

P/TBV:
1.65x

Source: CapitalIQ

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Buyer

United Community Banks Inc.Blairsville, GA

Seller

Progress Financial Corp.Huntsville, AL

Financial Highlights
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Funding Profile

Data as of 2021Q4.