United Community Banks (UCBI) Declares $0.16 Quarterly Dividend; 2.3% Yield

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United Community Banks (UCBI) and First Madison Bank & Trust Announce Merger Agreement

February 5, 2019 9:05 AM EST

United Community Banks, Inc. (NASDAQ: UCBI) and First Madison Bank & Trust announced today a definitive agreement for United to acquire First Madison in an all-cash transaction. The transaction has been unanimously approved by the Board of Directors of each company and is expected to close in the second quarter of 2019.

First Madison operates four banking offices, all of which are located in the Athens-Clarke County, Georgia MSA. The merger will expand Uniteds presence into one of Georgias fastest-growing market areas and is a natural geographic extension of its existing footprint.... More