M&A Deal Summary

United Community Bank Acquires Business Carolina

On June 27, 2014, United Community Bank acquired financial services company Business Carolina

Acquisition Highlights
  • This is United Community Bank’s 5th transaction in the Financial Services sector.
  • This is United Community Bank’s 5th transaction in the United States.
  • This is United Community Bank’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2014-06-27
Target Business Carolina
Sector Financial Services
Buyer(s) United Community Bank
Deal Type Add-on Acquisition

Target

Business Carolina

Columbia,, South Carolina, United States
Business Carolina, Inc. (dba BCI Lending Services) is a provider of financial services. The company specializes in Small Business Administration (SBA) and U.S. Department of Agriculture (USDA) loans. The loans help fund small businesses with everything from acquiring land and renovating facilities to purchasing equipment and refinancing debt as well as funding for startup companies.

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Buyer(S) 1

Buyer

United Community Bank

Blairsville, Georgia, United States

Category Company
Founded 1950
Sector Financial Services
Employees2,979
Revenue 930M USD (2024)
DESCRIPTION

United Community Bank is a provider of financial services. The bank specializes in providing personalized community banking services to individuals, small businesses and corporations. United Community Bank was founded in 1950 and is based in Blairsville, Georgia.


DEAL STATS #
Overall 5 of 11
Sector: Financial Services M&A 5 of 10
Type: Add-on Acquisition M&A Deals 4 of 9
State: South Carolina M&A 1 of 4
Country: United States M&A 5 of 11
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-19 Southern Community Bank

Fayetteville,, Georgia, United States

Southern Community Bank is a commercial bank that offers personal and business banking services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-28 MoneyTree

Seattle, Washington, United States

MoneyTree, Inc. (dba Moneytree Financial Services) is a national and regional provider of financial services.

Buy -