United signs $272m merger deal with Progress Financial
United Community Banks has agreed to acquire Progress Financial (Progress) and its wholly-owned subsidiary Progress Bank & Trust.
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United Community Banks has agreed to acquire Progress Financial (Progress) and its wholly-owned subsidiary Progress Bank & Trust.
United Community, which bought Reliant Bancorp in Tennessee earlier this year, would deepen its presence in several Southeastern markets and expand its wealth management business with its deal for Progress Financial.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
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