All Releases
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United Community Banks, Inc. Reports Earnings of $9.9 Million for Fourth Quarter 2011
Jan 25, 2012
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 01/25/12 --
United Community Banks, Inc. (NASDAQ: UCBI)
Net income of $9.9 million, or 12 cents per share
Loans stable with prior quarter, first time since March 2008
Core transaction deposits up $266 million, or 10 percent, for the year
Nonperforming assets decline to $160 million...
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Independent Research Firm Reports United Community Banks, Inc. Earns Highest Customer Satisfaction Rating in U.S. for 2011
Jan 24, 2012
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 01/24/12 --
According to independent research firm, Customer Service Profiles (CSP), United Community Banks, Inc. (NASDAQ: UCBI) in 2011 earned the highest customer satisfaction rating of all banks they studied nationwide. The performance also was the highest for the bank since CSP began measuring its progre...
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United Community Banks, Inc. Announces Date for Fourth Quarter and Full Year 2011 Earnings Release and Conference Call
Jan 6, 2012
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 01/06/12 --
United Community Banks, Inc. (NASDAQ: UCBI) today announced it will release its fourth quarter and full year 2011 financial results on Thursday, January 26, 2012, before the stock market opens. The Company also will hold a conference call at 11:00 a.m. ET on the same day to discuss its financial ...
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United Community Banks, Inc. Increases Deferred Tax Asset Valuation Allowance as of December 31, 2010 by $166.9 Million
Jan 6, 2012
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 01/06/12 --
United Community Banks, Inc. (NASDAQ: UCBI) ("United") today reported that it has determined an additional income tax expense of $156.7 million and a charge to other comprehensive income in shareholders' equity of $10.2 million will be recorded to establish a full deferred tax asset valuation all...
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United Community Bank Names New Regional Presidents for North Carolina/Tennessee and North/Coastal Georgia
Nov 9, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 11/09/11 --
United Community Banks, Inc. (NASDAQ: UCBI) announces that Tim Schools has joined its subsidiary, United Community Bank, as Regional President of North Carolina and Tennessee banks. In this newly created position, Schools will be responsible for the oversight and direction of the banks in these t...
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United Community Banks, Inc. to Present at the Sandler O'Neill + Partners, L.P. 2011 East Coast Financial Services Conference
Nov 3, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 11/03/11 --
United Community Banks, Inc. (NASDAQ: UCBI) announced that they will participate in the Sandler O'Neill + Partners, L.P. 2011 Financial Services Conference which will be held November 10, 2011 in Aventura, Florida.
Jimmy Tallent, president and chief executive officer of United Comm...
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United Community Banks, Inc. Reports Net Loss of $6.2 Million for Third Quarter 2011
Oct 27, 2011
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United Community Banks, Inc. Reports Special Loan Loss Provision
Oct 12, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 10/12/11 --
United Community Banks, Inc. (NASDAQ: UCBI) announced today that it will record a special loan loss provision of $25.0 million during the third quarter of 2011 related to its largest single loan relationship. The borrower continues to be current with principal and interest payments as well as rel...
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United Community Banks, Inc. Announces Date for Third Quarter 2011 Earnings Release and Conference Call
Oct 11, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 10/11/11 --
United Community Banks, Inc. (NASDAQ: UCBI) today announced it will release its third quarter 2011 financial results on Thursday, October 27, 2011, before the stock market opens. The Company also will hold a conference call at 11:00 a.m. ET on the same day to discuss its financial results, busine...
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United Community Banks, Inc. Announces Retirement of Chief Operating Officer
Sep 2, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 09/02/11 --
United Community Banks, Inc. (NASDAQ: UCBI) Executive Vice President and Chief Operating Officer Guy W. Freeman has announced his intention to retire from the company effective January 1, 2012. Freeman is responsible for managing the activities of United's community banks, operations, technology,...
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United Community Banks, Inc. Reports Earnings of $7.6 Million or Eight Cents per Share for Second Quarter 2011
Jul 28, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 07/28/11 --
United Community Banks, Inc. (NASDAQ: UCBI)
Profitable quarter driven by core earnings and lower credit losses
Nonperforming assets continue to improve; down $19 million, or 14 percent, from last quarter to 1.60 percent of assets
Allowance for loan losses remains strong at ...
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United Community Banks, Inc. to Present at the Keefe, Bruyette & Woods 2011 Community Bank Conference
Jul 26, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 07/26/11 --
United Community Banks, Inc. (NASDAQ: UCBI), announced that they will participate in the Keefe, Bruyette & Woods 2011 Community Bank Conference which will be held August 2 and 3 in New York.
Jimmy Tallent, president and chief executive officer of United Community Banks, together wi...
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United Community Banks, Inc. Announces Date for Second Quarter 2011 Earnings Release and Conference Call
Jun 27, 2011
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BLAIRSVILLE, GA – June 27, 2011 – United Community Banks, Inc. (Nasdaq: UCBID) today announced it will release its second quarter 2011 financial results on Thursday, July 28, 2011, before the stock market opens. The Company also will hold a conference call at 11:00 a.m. ET on the same day to discuss its financial results, business highlig...
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United Community Banks, Inc. Announces Conversion of Preferred Stock Into Common Stock and Amendment to Tax Benefits Preservation Plan
Jun 20, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 06/20/11 --
United Community Banks, Inc. (NASDAQ: UCBID) ("United") today announced that its $195.9 million Series F Mandatorily Convertible Perpetual Preferred Stock and $151.2 million Series G Mandatorily Convertible Perpetual Preferred Stock will convert into 20,618,090 shares of United's common stock and...
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United Community Banks, Inc. Announces Effectiveness of Reverse Stock Split
Jun 17, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 06/17/11 --
United Community Banks, Inc. (NASDAQ: UCBI) ("United") today announced that the 1-for-5 reverse stock split of its common stock and non-voting common stock will become effective as of approximately 5 p.m. Eastern time on June 17, 2011 (the "effective time") pursuant to an amendment to United's ar...
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United Community Banks, Inc. Announces Annual Shareholders' Meeting
May 3, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 05/03/11 --
United Community Banks, Inc. (NASDAQ: UCBI) announces that it will host its annual shareholders' meeting at 2:00 p.m. on Thursday, June 16, 2011, at The Ridges Resort in Young Harris, Georgia.
President and Chief Executive Officer Jimmy Tallent will review and discuss the company's...
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United Community Banks, Inc. Reports Net Operating Loss of $142.5 Million for First Quarter 2011
Apr 28, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 04/28/11 --
United Community Banks, Inc. (NASDAQ: UCBI)
-- Completed strategically significant $380 million private equity
offering
-- Executed major elements of our asset disposition plan to de-risk
balance sheet:
-- completed $267 million bulk loan sale on April...
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United Community Banks, Inc. Appoints Peter E. Raskind to the Board of Directors
Apr 21, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 04/21/11 --
United Community Banks, Inc. (NASDAQ: UCBI) ("United") today announced that its Board of Directors unanimously approved the appointment of Peter E. Raskind to its Board of Directors and also to the Board of Directors of its subsidiary, United Community Bank.
"Peter Raskind has serv...
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United Community Banks, Inc. Completes $266 Million Bulk Loan Sale
Apr 19, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 04/19/11 --
United Community Banks, Inc. (NASDAQ: UCBI) ("United") today announced the successful completion of its previously announced plans to sell approximately $266 million in classified substandard and nonperforming loans (the "Loan Sale"). The transaction was executed in line with the previously discl...
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United Community Banks, Inc. Announces Date for First Quarter 2011 Earnings Release and Conference Call
Apr 1, 2011
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BLAIRSVILLE, GA -- (MARKET WIRE) -- 04/01/11 --
United Community Banks, Inc. (NASDAQ: UCBI) today announced it will release its first quarter 2011 financial results on Thursday, April 28, 2011, before the stock market opens. The Company also will hold a conference call at 11:00 a.m. ET on the same day to discuss its financial results, business...
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