United Community Banks completed the sale of its Navitas subsidiary for $2 billion in cash, recognizing a $68 million pretax gain and releasing a prior $38 million reserve benefit. Concurrently, the company restructured its securities portfolio by selling $2.6 billion in book value of long-duration assets to reduce interest rate risk, resulting in a $300 million pretax loss that offsets the Navitas gain. The transaction generated approximately $4.2 billion in total cash proceeds, which are being reinvested into shorter-duration, higher-yielding securities and used to pay down short-term borrowings. United also announced an additional $100 million share repurchase authorization through 2027 and welcomed Tom Speir as the new Chief Financial Officer. The company operates in the banking industry.

United Community Banks, Inc. completed the sale of Navitas Credit Corp. and NLFC Reinsurance Corp for approximately $2.0 billion in proceeds on September 1, 2026. The company also finalized a strategic balance sheet repositioning involving the reclassification of $2.2 billion in held-to-maturity securities to available-for-sale and the sale of roughly $2.6 billion in lower-yielding investment securities. These actions are intended to reduce interest rate risk and improve liquidity, with proceeds initially redeployed into cash and short-duration securities yielding approximately 4.5%. The company expects to recognize a pre-tax loss of approximately $300 million from the repositioning, net of a $64 million gain on the Navitas sale. Additionally, the Board authorized a $100 million increase to the share repurchase program through December 2027. United Community Banks, Inc. is a financial holding company providing banking, mortgage, and wealth management services across the Southeastern United States.

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.

United Community Banks appointed Tom Speir as Executive Vice President and Chief Financial Officer effective September 8, 2026, succeeding retiring CFO Jefferson L. Harralson. Mr. Harralson will remain employed through December 31, 2026 to ensure an orderly transition. Mr. Speir brings over 20 years of financial services experience, most recently serving as Head of Investor Relations, Strategy and Corporate Development at Regions Financial Corp. His compensation package includes a $600,000 base salary, an annual target bonus of 80% of base, a $215,000 sign-on cash bonus, and equity grants valued at $450,000 with a vesting schedule of 50% per year over two years. Additional benefits include a $15,000 annual auto allowance, $20,000 in club dues, temporary housing, and relocation reimbursement. United Community Banks operates as a bank holding company providing financial services.

United Community Banks, Inc. appointed Carl S. Carande to its Board of Directors effective August 1, 2026, increasing board size from 12 to 13 members. Mr. Carande joins the Risk Committee and brings extensive experience in financial services and Big Four consulting, having retired as KPMG International Head of Global Advisory after a 40-year career. This appointment is routine governance activity and does not materially impact investor value or operations. United Community Banks, Inc. operates as a diversified financial holding company providing banking, mortgage, and wealth management services.

United Community Banks, Inc. completed its acquisition of Peach State Bancshares, Inc., the parent company of Peach State Bank & Trust, effective August 1, 2026. United is the surviving entity in the merger, with Peach State Bank operating under the United Community brand following a core systems conversion expected in the first quarter of 2027. As of June 30, 2026, Peach State Bank reported $784 million in total assets, $524 million in loans, and $707 million in deposits across two locations in Hall County, Georgia. United Community Banks is a financial holding company providing banking, mortgage, and wealth management services with $29.1 billion in assets as of June 30, 2026.