United Community Banks (UCBI) to Acquire MoneyTree in Cash, Stock Deal
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United Community Banks, Inc. and MoneyTree Corporation (First National Bank, Lenoir City, TN) Announce Merger Agreement
January 27, 2015 7:29 PM ESTExpands presence in key East Tennessee growth markets Great opportunity to partner with 107 year old community bank Strategically and financially attractive combination
BLAIRSVILLE, Ga., Jan. 27, 2015 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (Nasdaq: UCBI) ("United") and MoneyTree Corporation ("MoneyTree") 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... More
