United Community Banks, Inc. /
Progress Financial Corporation
United Community Banks completes Progress Financial merger
- Valuation
- $296.4m
- Stage
- Closed
What happened
United Community Banks, Inc. completed its merger with Progress Financial Corporation, effective Jan. 3, 2023. Progress’s bank subsidiary merged into United’s bank subsidiary.
United issued approximately 8,771,000 shares valued at approximately $296.4 million. Progress operates a 14-branch network in Alabama and on the Florida Panhandle.
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United Community Banks completes Progress Financial merger
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