United Community Banks completed the acquisition of Progress Financial for $340m.

United Community Banks, a bank holding company, completed the acquisition of Progress Financial, a financial holding company, for $340m. “I would like to thank the dedicated employees of Progress that have elevated our franchise over the past several years to one of the best performing banks in our region. I am proud of the company we have built together and believe that a partnership with United represents an excellent opportunity for us to continue to serve our customers at the highest level. We also greatly value United’s commitment to communities because that has always been a big part of our Progress culture," David Nast, Progress President and CEO.