UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT
OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF
AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) [ ]
___________________________
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
| Not
Applicable (State of incorporation if not a U.S. national bank) |
95-3571558 (I.R.S. employer identification no.) |
400 South Hope Street, Suite 400 Los
Angeles, California |
90071 (Zip code) |
___________________________
UNITED COMMUNITY
BANKS, INC.
(Exact name of obligor as specified in its charter)
Georgia
|
58-1807304 (I.R.S.
employer |
125 Highway 515 East Blairsville,
Georgia |
30512 (Zip code) |
__________________________________________________
4.500% Fixed to Floating Rate Subordinated Notes due January 30, 2028
(Title of the indenture securities)
1. General information. Furnish the following information as to the trustee:
| (a) | Name and address of each examining or supervising authority to which it is subject. |
| Name | Address |
|
Comptroller of the Currency United States Department of the Treasury |
400 7th Street SW, Suite 3E-218 Washington, D.C. 20219
|
| Federal Reserve Bank of San Francisco | 101 Market Street San Francisco, CA 94105 |
| Federal Deposit Insurance Corporation |
550 17th Street, N.W.
3501 N. Fairfax Drive
|
| (b) | Whether it is authorized to exercise corporate trust powers. |
Yes.
| 2. | Affiliations with Obligor. |
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
| 3-15. | Pursuant to General Instruction B of the Form T-1, no responses are included for Items 3-15 of this Form T-1 because, to the best of The Bank of New York Mellon Trust Company, N.A.’s knowledge, the obligor is not in default on any securities issued under indentures under which The Bank of New York Mellon Trust Company, N.A. acts as trustee and the trustee is not a foreign trustee as provided under Item 15. |
| 16. | List of Exhibits. |
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).
| 1. | A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.) (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875). |
| 2. | A copy of the certificate of authority of the trustee to commence business (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948). |
| 3. | A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875). |
| 4. | A copy of the existing By-Laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713). |
| 6. | The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875). | |
| 7. | A copy of the latest report of condition of the trustee published pursuant to law or to the requirements of its supervising or examining authority. |
SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Los Angeles, and State of California, on the 18th day of January, 2018.
| THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. | |||
| By: | /s/ Karen Yu | ||
| Name: | Karen Yu | ||
| Title: | Vice President | ||
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 400 South Hope Street, Suite 500, Los Angeles, CA 90071
At the close of business September 30, 2017, published in accordance with Federal regulatory authority instructions.
| Dollar amounts | ||||
| ASSETS | in thousands | |||
| Cash and balances due from | ||||
| depository institutions: | ||||
| Noninterest-bearing balances | ||||
| and currency and coin | 2,212 | |||
| Interest-bearing balances | 437,186 | |||
| Securities: | ||||
| Held-to-maturity securities | 0 | |||
| Available-for-sale securities | 628,999 | |||
| Federal funds sold and securities | ||||
| purchased under agreements to resell: | ||||
| Federal funds sold | 0 | |||
| Securities purchased under agreements to resell | 0 | |||
| Loans and lease financing receivables: | ||||
| Loans and leases held for sale | 0 | |||
| Loans and leases, held for investment | 0 | |||
| LESS: Allowance for loan and lease losses | 0 | |||
| Loans and leases held for investment, net of allowance | 0 | |||
| Trading assets | 0 | |||
Premises and fixed assets (including capitalized leases) |
10,964 | |||
| Other real estate owned | 0 | |||
| Investments in unconsolidated | ||||
| subsidiaries and associated companies | 0 | |||
| Direct and indirect investments in real estate ventures | 0 | |||
| Intangible assets: | ||||
| Goodwill | 856,313 | |||
| Other intangible assets | 30,965 | |||
| Other assets | 174,652 | |||
| Total assets | $2,141,291 |
LIABILITIES |
||||
| Deposits: | ||||
| In domestic offices | 685 | |||
| Noninterest-bearing | 685 | |||
| Interest-bearing | 0 | |||
| Not applicable | ||||
| Federal funds purchased and securities | ||||
| sold under agreements to repurchase: | ||||
| Federal funds purchased | 0 | |||
| Securities sold under agreements to repurchase | 0 | |||
| Trading liabilities | 0 | |||
Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases) |
0 | |||
| Not applicable | ||||
| Not applicable | ||||
| Subordinated notes and debentures | 0 | |||
| Other liabilities | 353,141 | |||
| Total liabilities | 353,826 | |||
| Not applicable |
| EQUITY CAPITAL | ||||
| Perpetual preferred stock and related surplus | 0 | |||
| Common stock | 1,000 | |||
| Surplus (exclude all surplus related to preferred stock) | 1,123,073 | |||
| Not available | ||||
| Retained earnings | 664,553 | |||
| Accumulated other comprehensive income | -1,161 | |||
| Other equity capital components | 0 | |||
| Not available | ||||
| Total bank equity capital | 1,787,465 | |||
| Noncontrolling (minority) interests in consolidated subsidiaries | 0 | |||
| Total equity capital | 1,787,465 | |||
| Total liabilities and equity capital | $2,141,291 |
| I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief. | |||||
| Matthew J. McNulty ) CFO | |||||
| We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct. | |||||
| Antonio I. Portuondo, President ) William D. Lindelof, Director ) Directors (Trustees) Alphonse J. Briand, Director ) | |||||