United Community Banks, Inc. Announces Transfer of Listing of Common Stock and Depositary Shares to NYSE
July 26 2024 - 6:30AM
United Community Banks, Inc. (NASDAQ: UCBI; UCBIO) (the “Company”
or “United”) announced today that the Company will transfer the
listing of its common stock and its Depositary Shares (each
representing 1/1000th interest in a share of Series I
Non-Cumulative Preferred Stock) from the Nasdaq Stock Market LLC
(“Nasdaq”) to the New York Stock Exchange (“NYSE”). The Company
expects to commence trading as a NYSE-listed company upon market
open on August 6, 2024. United’s common stock and depositary shares
will trade under new ticker symbols, “UCB” and “UCB PRI”,
respectively, after the transfer. The Company’s common stock and
depositary shares will continue to trade on Nasdaq until the close
of the market on August 5, 2024.
“We are excited to announce our partnership with
NYSE,” said United CEO, Lynn Harton. “In joining the
world’s largest stock exchange, we believe NYSE will provide
greater visibility for our company and shareholders. We look
forward to celebrating this occasion and milestone
for United by ringing The Opening Bell with our Board of
Directors later in August.”
“We’re thrilled to welcome United Community
Banks, Inc. to the New York Stock Exchange,” said Chris Taylor,
Vice President, Global Head of Listings and Services at NYSE Group.
“As the listing venue for many of the world’s leading banks, the
Company should feel right at home among our community of icons and
disruptors.”
About United Community Banks,
Inc.
United Community Banks, Inc. (NASDAQ: UCBI;
UCBIO) is the financial holding company for United Community, a top
100 U.S. financial institution that is committed to improving the
financial health and well-being of its customers and the
communities it serves. United Community provides a full range of
banking, wealth management and mortgage services. As of June 30,
2024, United Community Banks, Inc. had $27.1 billion in assets, 203
offices across Alabama, Florida, Georgia, North Carolina, South
Carolina, and Tennessee, as well as a national SBA lending
franchise and a national equipment lending subsidiary. In 2024,
United Community became a 10-time winner of J.D. Power’s award for
the best customer satisfaction among consumer banks in the
Southeast region and was recognized as the most trusted bank in the
Southeast. In 2023, United Community was named by American Banker
as one of the “Best Banks to Work For” for the seventh consecutive
year and was recognized in the Greenwich Excellence and Best Brands
Awards, receiving 15 awards that included national honors for
overall satisfaction in small business banking and middle market
banking. Forbes has also consistently listed United Community as
one of the World’s Best Banks and one of America’s Best Banks.
Additional information about United can be found
at www.ucbi.com.
For more information:
Jefferson HarralsonChief Financial Officer(864)
240-6208Jefferson_Harralson@ucbi.com
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