Form 8-K UNITED COMMUNITY BANKS For: Jan 27
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United Community Banks (UCBI) to Acquire MoneyTree in Cash, Stock Deal
January 28, 2015 6:43 AM ESTUnited Community Banks (NASDAQ: UCBI) and MoneyTree Corporation announced today a definitive agreement for United to acquire MoneyTree and its wholly-owned bank subsidiary, First National Bank ("FNB"). MoneyTree and FNB are headquartered in Lenoir City, Tennessee. The resulting combination will enhance both United's position in key growth markets in East Tennessee and its ability to offer expanded banking products to FNB's customer base. The transaction has been unanimously approved by the Board of Directors of each company and is expected to close in the second quarter of 2015.
Under the terms of the merger agreement,... More
