Core Viewpoint - United Community Banks, Inc. has successfully completed its merger with ANB Holdings, Inc., enhancing its presence in the South Florida market and expanding its customer service capabilities [1][3]. Company Overview - United Community Banks, Inc. is a financial holding company with $27.9 billion in assets as of March 31, 2025, operating 200 offices across several states [4]. - ANB Bank, a subsidiary of ANB Holdings, is headquartered in Oakland Park, Florida, with total assets of $452 million, total loans of $317 million, and total deposits of $387 million as of March 31, 2025 [2][4]. Merger Details - The merger became effective on May 1, 2025, with ANB Bank being integrated into United Community Bank, which will adopt the United Community brand by July 11, 2025 [1][3]. - The merger is expected to create a customer service-focused hub in a growing market, aligning the values and priorities of both organizations [3]. Leadership Statements - Lynn Harton, CEO of United, expressed enthusiasm about the cultural alignment and community-focused approach of ANB Bank's team [3]. - Ginger Martin, CEO of ANB Bank, highlighted the benefits of a larger balance sheet and expanded product offerings for continued excellent service to customers [3]. Financial Advisors - Stephens Inc. served as the financial advisor for United, while Hovde Group, LLC acted as the financial advisor for ANB [3].
United Community Banks, Inc. Announces Completion of Merger With ANB Holdings, Inc., The Parent of American National Bank