December 19, 2022

Federal Reserve Board announces approval of application by United Community Banks, Inc.

For release at 3:00 p.m. EST

The Federal Reserve Board on Monday announced its approval of the application by United Community Banks, Inc., Greenville, South Carolina, to merge with Progress Financial Corporation, and thereby indirectly acquire Progress Bank and Trust, both of Huntsville, Alabama.

Attached is the Board’s order relating to this action.

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Last Update: December 19, 2022