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Announced

Completed

UCBI completed the merger with Reliant Bancorp in a $517m deal.

Financials

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Transaction Value£373m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

banks

United States

Friendly

Public

Acquisition

Domestic

Single Bidder

Majority

Merger

Completed

Synopsis

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United Community Banks, a banking, wealth management and mortgage services company, completed the merger with Reliant Bancorp, the parent of Reliant Bank, in a $517m deal. “By joining forces with United, we recognize an opportunity to align ourselves with a partner that shares our passion for providing high-quality customer service, and to leverage their larger balance sheet and a broader set of products and services for our customers. Becoming part of United’s team-oriented, high-performance culture presents a unique opportunity for Reliant, and we consider it a privilege,” DeVan Ard, Jr., Reliant Chairman and CEO.

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