United Community Banks completed the acquisition of Navitas Credit for $130m.

United Community Banks, the bank holding company for United Community, completed the acquisition of Navitas Credit, an equipment financing company providing loans and leases for small and medium-sized businesses, for $130m. “For some time, we have been looking for the right equipment finance company to help grow our C&I lending business. Navitas is that 'right' partner. The Navitas management and leadership team is impressive, possesses significant industry experience, and is committed to providing excellent customer service. They also come with a proven track record of delivering quality growth. We are excited to have Navitas as part of the United team,” Lynn Harton, United President.