.
MergerLinks Header Logo

New Deal


Announced

Completed

United Community completed the acquisition of Three Shores for c. $180m.

Financials

Edit Data
Transaction Value£140m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

private banking

United States

commercial banking

Majority

Banks

banking services

Acquisition

Public

Single Bidder

Friendly

Merger

Completed

Domestic

Synopsis

Edit

United Community Banks, a bank holding company, completed the acquisition of Three Shores, a bank holding company, including its subsidiary Seaside National Bank & Trust, for c. $180m. “We have been looking for an opportunity to enter Florida in the right markets, with the right business model, and most importantly, with the right people. We believe that we have accomplished all of these things with this merger. Since the transaction announcement in March, our relationship with Gideon and his team has become even stronger, and we continue to believe that now more than ever, our combined banks are better together. We are very excited to have Seaside’s talented team join the United team and help us lead our expansion into Florida,” Lynn Harton, United Community Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US