M&A Deal Summary

United Community Bank Acquires Tidelands Bancshares

On April 4, 2016, United Community Bank acquired financial services company Tidelands Bancshares for 2M USD

Acquisition Highlights
  • This is United Community Bank’s 8th transaction in the Financial Services sector.
  • This is United Community Bank’s 5th largest (disclosed) transaction.
  • This is United Community Bank’s 8th transaction in the United States.
  • This is United Community Bank’s 3rd transaction in South Carolina.

M&A Deal Summary

Date 2016-04-04
Target Tidelands Bancshares
Sector Financial Services
Buyer(s) United Community Bank
Deal Type Add-on Acquisition
Deal Value 2M USD
Advisor(s) Banks Street Partners (Financial)
Nelson Mullins Riley & Scarborough (Legal)

Target

Tidelands Bancshares

Mount Pleasant, South Carolina, United States
Tidelands Bancshares, Inc. is a bank holding company of Tidelands Bank. Tidelands is a local community bank focused on serving individuals, families, entrepreneurs, and small business.

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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 8 of 11
Sector: Financial Services M&A 8 of 10
Type: Add-on Acquisition M&A Deals 7 of 9
State: South Carolina M&A 3 of 4
Country: United States M&A 8 of 11
Year: 2016 M&A 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 Palmetto Bancshares

Greenville, South Carolina, United States

Palmetto Bancshares, Inc. is a provider of retail and commercial banking, and wealth management services to consumers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Seaside National Bank & Trust

Orlando, Florida, United States

Seaside National Bank & Trust is a chartered commercial bank offering clients a complete array of wealth management, commercial and private banking financial solutions. Seaside was formed in 2006 and is based in Orlando, Florida.

Buy -