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Announced

United Community Banks to acquire FinTrust Capital Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Pending

investment advisor

Acquisition

Private

Majority

Single Bidder

Asset Managers and Custodians

Friendly

United States

Synopsis

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United Community Banks, a provider of a full range of banking, wealth management and mortgage services, agreed to acquire FinTrust Capital Partners, a provider of investment advisory, financial planning, and securities brokerage services. Financial terms were not disclosed. "Our investment advisory business has grown organically over the past several years and was expanded in 2020 with a broader product offering with the acquisition of Seaside and their wealth management business. The addition of FinTrust, a strong and growing Registered Investment Adviser, continues the expansion of our product offerings and gives us additional opportunities to provide a full range of financial services to our customers," Lynn Harton, United Chairman and CEO.

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