United Community Bank

United Community Banks, Inc. (NASDAQ: UCBI) is a bank holding company headquartered in Blairsville, Georgia, with executive offices in Greenville, South Carolina. United is one of the largest full-service financial institutions in the Southeast, with $18.6 billion in assets, and 161 offices in Florida, Georgia, North Carolina, South Carolina and Tennessee.[1] 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, including mortgage, advisory, treasury management, and wealth management.

United Community Bank
S&P 600 Component
HeadquartersGreenville, SC, United States
Key people
H. Lynn Harton Chief Executive Officer
Total assets$17.8 billion

Formed in 1950 as Union County Bank, United has operated on the philosophy of providing exceptional banking service[citation needed] while caring deeply for the communities it serves.[citation needed] This philosophy has fueled the company's growth from a $40 million bank a little more than three decades ago.[citation needed]

United's success[citation needed] comes from its strong,[citation needed] talented[citation needed] and experienced[citation needed] management team, as well as the dynamic growth markets they serve.[citation needed] 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. Additional information about United Community Banks, Inc. and its full range of services and products can be found at www.ucbi.com.[citation needed]


United offers a full range of consumer and commercial banking products including mortgage services, interest-bearing and non interest-bearing deposits, NOW accounts (Negotiable Order of Withdrawal account), money market accounts, checking accounts, savings accounts, and[2] advisory and treasury management services. Through its wholly owned subsidiary Navitas Credit Corp., United also offers equipment lending.


  • H. Lynn Harton, President and chief executive officer
  • Jefferson Harralson, Chief Financial Officer
  • Rob Edwards, Chief Risk Officer
  • Rich Bradshaw, President and Chief Banking Officer
  • Melinda Davis Lux, EVP & General Counsel
  • Mark Terry, Chief Information Officer


Union County Bank began in 1949 in Blairsville, Georgia, and had $42 million in assets when Jimmy C. Tallent became president in 1984.[3]

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, North Carolina which became United Community Bank (North Carolina) in 1990, United Community Bank Towns County in 1992, White County Bank of Cleveland, Georgia (United Community Bank White County) in 1995 and United Community Bank Rabun County in 1997. The North Carolina bank added branches in Andrews, Franklin and Waynesville in 1995.[4][3] With changes in Georgia's banking laws, United Community Bank began opening branches in addition to making acquisitions. Other acquisitions included assets of a bank in Cornelia and First Clayton Bank and Trust in 1997.[3]

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.[4]

In 2000, North Point Bancshares Inc., Independent Bancshares Inc. and consultant Brintech, Inc. were acquired and Lendmark Financial Services Inc. purchased the consumer finance division.[4]

UCB was listed on Nasdaq in 2002.[3]

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,[3] acquisitions included Fairbanco Holding Co. for $24.7 million, Eagle National Bank for $12.4 million, Liberty National Bancshares Inc. for $42.5 million.[4]

The first public stock offering came in 2005.[3]

In 2006, Southern National Bank parent Southern Bancorp was acquired for stock valued at $67.8 million and merged into United Community Bank,[4] and two Sylva, North Carolina offices were purchased from First Charter Bank, giving UCB 19 North Carolina locations.[3]

In 2007, First Bank of the South parent Gwinnett Commercial Group was acquired for $222.9 million.[4]

In 2009, UCB purchased assets and most liabilities of Southern Community Bank, with the FDIC paying $31 million.[4]

In 2014, UCB purchased assets of Business Carolina Inc. for $31.3 million.[4]

In 2015, UCB acquired MoneyTree Corporation and its wholly owned bank subsidiary, First National Bank, of Lenoir City, TN.[5]

In 2015, Palmetto Bancshares, Inc. merged with United Community Banks.[4]

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.[6]

In 2018, NLFC Holdings Corp. and its wholly owned subsidiary Navitas Credit Corp. were acquired for $130 million.

In July 2020, Three Shores Bancorporation, Orlando, Florida and it's wholly owned subsidiary, Seaside Bank and Trust, was acquired, with full conversion, expected in February, 2021, adding 14 Florida locations to United Community Bank's network.

In January 2021, UCB announced plans to move the corporate headquarters to downtown Greenville, South Carolina for a new $30 million building.[7]

On October 1, 2021, UCB announced the closing of the purchase of Aquesta Financial Holdings Inc., based in Cornelius, North Carolina, for $131 million in a cash-and-stock deal. The combined bank has $18.6 billion in assets.[8][1]

In January 2022, UCB announced the completion of its merger with Reliant Bancorp.[9]

In May 2022, UCB announced their merger with Progress Bank & Trust, headquartered in Huntsville, Alabama.[10] The merger is expected to take place during October and November of 2022.


  1. ^ a b Craver, Richard (October 1, 2021). "United Community completes $131M purchase of Aquesta". Winston-Salem Journal.
  2. ^ "UCBI Profile | United Community Banks, Inc. Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2012-07-13.
  3. ^ a b c d e f g Dinger, Ed (2009). 'United Community Banks, Inc.' International Directory of Company Histories, edited by Tina Grant. Vol. 98. St. James Press. pp. 417–420. Gale Virtual Reference Library. Retrieved 10 November 2017.
  4. ^ a b c d e f g h i Bank & Finance Manual. 2015. p. 917.
  5. ^ "First National Bank to merge with UCB". News-Herald. January 27, 2015. Retrieved February 3, 2021.
  6. ^ Craver, Richard (2017-06-28). "Triangle bank joins trend of selling to larger out-of-state competitor". Winston-Salem Journal. Retrieved 2017-06-28.
  7. ^ Kirk Brown (January 31, 2021). "United Community Bank to invest $30 million, create jobs with new Greenville headquarter". Greenville News. Retrieved February 3, 2021.
  8. ^ Hudson, Caroline (May 27, 2021). "'Like a key in a keyhole': United Community Bank to acquire Aquesta in $131M deal later this year". Charlotte Business Journal. Retrieved May 27, 2021.
  9. ^ "United Community Banks, Inc. Announces Completion of Merger with Reliant Bancorp, Inc. and Reliant Bank" (Press release). Globe Newswire. January 2, 2022 – via Yahoo! Finance.
  10. ^ "United Community Banks, Inc. and Progress Financial Corporation Announce Merger Agreement". Press Release. No. May 4, 2022. United Community Bank Inc. Retrieved May 4, 2022.

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