Mergers & Acquisitions ·
United Community Banks sells Navitas Credit Corp., NLFC Reinsurance to Wafra funds for $2.0B
UCBUnited Community Banks Inc
United Community Banks, Inc. completed the sale of its equipment finance subsidiary, Navitas Credit Corp., and reinsurance subsidiary, NLFC Reinsurance Corp., to funds managed by Wafra Inc. for approximately $2.0 billion in cash. The transaction represents a 7% premium to the par value of Navitas’ loan portfolio based on preliminary purchase price calculations as of August 28, 2026. This divestiture allows United Community Banks to sharpen its focus on core Southeastern relationship banking while enhancing liquidity and capital strength. BofA Securities served as financial advisor and Squire Patton Boggs as legal counsel for the seller. United Community Banks, Inc. is a financial holding company providing banking, mortgage, and wealth management services across the southeastern United States.