United Community Banks completed the acquisition of First National Bank for $52m.

United Community Banks, the bank holding company for United Community, completed the acquisition of First National Bank, a banking services provider based in Lenoir City, Tennessee, for $52m. "This combination will benefit our customers through enhanced resources, a wider range of products and a continued focus on service. Tomorrow, May 2, First National Bank marks its 108th year of faithful service to its customers in East Tennessee, and this transaction will enable the combined organization to continue to contribute to our local communities in meaningful ways," David Allen, First National Bank President and CEO.