M&A Deal Summary

United Community Bank Acquires First Bank of the South

On June 1, 2007, United Community Bank acquired financial services company First Bank of the South for 217M USD

Acquisition Highlights
  • This is United Community Bank’s 3rd transaction in the Financial Services sector.
  • This is United Community Bank’s 2nd largest (disclosed) transaction.
  • This is United Community Bank’s 3rd transaction in the United States.
  • This is United Community Bank’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2007-06-01
Target First Bank of the South
Sector Financial Services
Buyer(s) United Community Bank
Deal Type Add-on Acquisition
Deal Value 217M USD

Target

First Bank of the South

Lawrenceville, Georgia, United States
First Bank of the South, a community bank, provides banking services in Atlanta. First Bank of the South has two additional offices in Gwinnett County and one each in DeKalb and north Fulton counties.

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Buyer(S) 1

Buyer

United Community Bank

Blairsville, Georgia, United States

website

Category Company
Founded 1950
Sector Financial Services
Employees2,399
Revenue 868M USD (2022)
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 3 of 10
Sector (Financial Services) 3 of 9
Type (Add-on Acquisition) 3 of 9
State (Georgia) 2 of 3
Country (United States) 3 of 10
Year (2007) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Gwinnett Commercial Group

Gwinnett, Georgia, United States

Gwinnett Commercial Group, Inc. is a provider of financial services.

Buy $217M
FOLLOWING 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 -
Mergr

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