$UCBI (United Community Banks, Inc.)

$UCBI {{ '2015-11-20T11:44:13+0000' | timeago}} • Announcement

$UCBI revealed sale of aggregate of 3MM voting common shares by its largest shareholder, Corsair Capital, to Morgan Stanley as sole underwriter in registered public offering. Corsair will receive all of net proceeds from this offering. In total, Corsair will hold 7.3MM shares, or about 10.2%, of $UCBI's outstanding common shares.

$UCBI {{ '2017-08-17T12:48:23+0000' | timeago}} • Announcement

$UCBI's BoD names Lynn Harton as the chief executive officer of its banking subsidiary United Community Bank. Jimmy C. Tallent will continue to serve as chairman and chief executive officer of UCBI, as well as chairman of the Bank.

$UCBI {{ '2017-08-08T16:52:30+0000' | timeago}} • Announcement

$UCBI announced an increase of its regular quarterly cash dividend to 10 cents per common share. The dividend is payable Oct 5, 2017, to shareholders as on Sept 15, 2017.

$UCBI {{ '2017-08-01T19:40:25+0000' | timeago}} • Announcement

Following the $UCBI-HCSB Financial merger, the legacy Horry County State Bank offices will continue as Horry County State Bank until conversion by Nov 2017.  After conversion, these offices will operate under brand name of United Community Bank. Horry County State Bank has 8 branches with $390MM in assets, $322MM in deposits and $233MM in loans.

$UCBI {{ '2017-08-01T19:39:31+0000' | timeago}} • Announcement

$UCBI has completed its merger with Myrtle Beach, South Carolina-based HCSB Financial, effective July 31, 2017. HCFB's bank subsidiary, Horry County State Bank, merged into $UCBI’s bank subsidiary, United Community Bank also effective July 31, 2017. The merger moves United's Myrtle Beach market share from the 15th position to number 5.

$UCBI {{ '2017-07-24T13:58:53+0000' | timeago}} • Announcement

$UCBI announced the addition of Clayton Summers to its lending team to focus on the renewable energy sector. The Renewable Energy lending team will be part of Commercial Banking Solutions, formerly known as Specialized Lending.

$UCBI {{ '2017-06-27T12:07:36+0000' | timeago}} • Announcement

$UCBI agreed to buy Four Oaks Fincorp and its bank subsidiary Four Oaks Bank & Trust Co. The transaction is expected to be less than 1% dilutive to $UCBI's tangible book value per share, including one-time transaction costs; and 2%, or $0.04 per share, accretive to $UCBI's EPS for 2018, excluding one-time transaction costs.

$UCBI {{ '2017-06-27T12:06:21+0000' | timeago}} • Announcement

$UCBI agreed to buy Four Oaks Fincorp and its bank subsidiary Four Oaks Bank & Trust Co., in a stock and cash transaction. Four Oaks shareholders will receive merger consideration consisting of about 90% stock, with a fixed exchange ratio of 0.6178 shares of United common stock and 10% cash or $1.90 for each share of Four Oaks.

$UCBI {{ '2017-06-27T12:05:22+0000' | timeago}} • Announcement

$UCBI agreed to buy Four Oaks Fincorp and its bank subsidiary Four Oaks Bank & Trust Co., in a stock and cash transaction. The transaction has been unanimously approved by the BoD of each company and is expected to close in 4Q17.

$UCBI {{ '2017-05-25T12:43:30+0000' | timeago}} • Announcement

$UCBI's BoD  approved a regular quarterly cash dividend of 9 cents per common share. The dividend is payable on July 5, 2017, to shareholders of record on June 15, 2017.

$UCBI {{ '2017-04-20T12:27:51+0000' | timeago}} • Announcement

$UCBI to acquire HCSB Financial Corp. Under the agreement terms, HCSB shareholders will receive merger consideration consisting of 100% stock, with a fixed exchange ratio of 0.0050 shares of $UCBI common stock for each share of HCSB. The transaction is valued at approx. $66MM based on $UCBI's closing price of $26.70 per share on April 19, 2017.

$UCBI {{ '2017-04-20T12:26:00+0000' | timeago}} • Announcement

$UCBI to acquire HCSB Financial Corporation and its wholly-owned bank subsidiary, Horry County State Bank, in an all-stock transaction. The transaction has been unanimously approved by the BoD of each company and is expected to close in 3Q17.

$UCBI {{ '2017-04-17T15:18:53+0000' | timeago}} • Announcement

$UCBI appointed Jefferson Harralson as EVP and CFO of both the parent company and its banking subsidiary, United Community Bank. Harralson will assume duties previously held by Rex Schuette, who has served in the role of CFO for the past 16 years. Schuette plans to retire in 2017 and will remain during transition period to ensure smooth transfer.

$UCBI {{ '2017-02-16T20:00:48+0000' | timeago}} • Announcement

$UCBI's BoD approved an increase of its regular quarterly cash dividend to 9 cents per common share. The dividend is payable on April 5, 2017, to shareholders of record on March 15, 2017.

$UCBI {{ '2016-12-20T13:17:44+0000' | timeago}} • Announcement

$UCBI's CFO Rex Schuette to retire in 2017. The company has started search process to identify a new CFO. Schuette's retirement date will follow his successor's selection and an appropriate transition period.

$UCBI {{ '2016-08-11T16:04:56+0000' | timeago}} • Announcement

$UCBI said its BoD has appointed David Shaver and David Wilkins to serve as Board members, effective immediately. Shaver is currently the CEO and founder of Cost Segregation Advisors. Wilkins is a partner at Nelson Mullins Riley & Scarborough. Shaver will serve on Audit Committee and Wilkins will serve on Risk Committee.

$UCBI {{ '2016-07-27T17:59:49+0000' | timeago}} • Announcement

$UCBI said its BoD approved an increase of 1 cent in the regular quarterly cash dividend to 8 cents per common share. The dividend is payable Oct. 5, 2016, to shareholders of record on Sept. 15, 2016. This is 14% higher than current dividend and a 33% increase from a year ago.

$UCBI {{ '2016-07-01T12:35:09+0000' | timeago}} • Announcement

$UCBI said the legacy Tidelands Bank offices will continue to operate as Tidelands Bank until conversion to United's operating systems, which is expected in November 2016. After conversion, these offices will operate under the brand name of $UCBI.

$UCBI {{ '2016-07-01T12:34:23+0000' | timeago}} • Announcement

$UCBI said it has completed its merger, effective today, with Mt. Pleasant, South Carolina-based Tidelands Bancshares, Inc.$UCBI also said that effective today, Tidelands' bank subsidiary, Tidelands Bank, merged into United's bank subsidiary, United Community Bank.

$UCBI {{ '2016-05-13T20:00:46+0000' | timeago}} • Announcement

Banking company $UCBI said that its Board of Directors approved a regular quarterly cash dividend of $0.07 per common share. This dividend is payable July 1, 2016, to shareholders of record on June 15, 2016. The quarterly cash dividend represents a payout ratio of 21% based on $UCBI's reported 1Q16 operating earnings.

$UCBI {{ '2016-04-04T21:24:55+0000' | timeago}} • Announcement

$UCBI said that under the terms of the merger agreement, Tidelands' common shareholders will receive cash equal to $0.52 per share or an aggregate of approx. $2.2MM. The transaction is expected to be $0.09-0.10 accretive to $UCBI's fully diluted EPS in 2017 with all operating expense savings realized.

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