M&A Deal Summary

United Community Bank Acquires Reliant Bank

On July 14, 2021, United Community Bank acquired financial services company Reliant Bank for 517M USD

Acquisition Highlights
  • This is United Community Bank’s 10th transaction in the Financial Services sector.
  • This is United Community Bank’s largest (disclosed) transaction.
  • This is United Community Bank’s 11th transaction in the United States.
  • This is United Community Bank’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-07-14
Target Reliant Bank
Sector Financial Services
Buyer(s) United Community Bank
Deal Type Merger
Deal Value 517M USD
Advisor(s) K&L Gates (Legal)

Target

Reliant Bank

Brentwood, Tennessee, United States
Reliant Bank provides a range of commercial banking services for businesses and individuals. The company operates in two segments, retail banking, and residential mortgage banking. Reliant Bank was formed in 2006 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

United Community Bank

Blairsville, Georgia, United States
Category Company
Founded 1950
Sector Financial Services
Employees3,071
Revenue 872M USD (2023)
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 11 of 11
Sector (Financial Services) 10 of 10
Type (Merger) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 11 of 11
Year (2021) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 FinTrust

Greenville, South Carolina, United States

FinTrust provides investment advisory, financial planning, and securities brokerage services to private wealth and corporate and institutional customers. FinTrust has over $2.0 in client assets under management in four offices across South Carolina and Georgia.

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Company

Legal