United Community Banks completed the acquisition of FNBSM for $116m.

United Community Banks, a bank holding company, completed the acquisition of First National Bank of South Miami, a bank, for $116m. “We are thrilled to welcome this group of talented bankers to the United Community team. While we have been acquainted for some time, we’ve had the opportunity to really get to know the FNBSM team since announcing the merger. Their culture and approach to community engagement, customer service, and the employee experience is very similar to ours at United Community,” Lynn Harton, United Community Banks Chairman and CEO.