Certain Common Stock of United Community Banks, Inc. are subject to a Lock-Up Agreement Ending on 18-JAN-2016.
January 18, 2016
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Certain Common Stock of United Community Banks, Inc. are subject to a Lock-Up Agreement Ending on 18-JAN-2016. These Common Stock will be under lockup for 60 days starting from 19-NOV-2015 to 18-JAN-2016.
Details:
Corsair Georgia, L.P, the directors, and certain of the named executive officers have agreed not to offer for sale, sell, pledge, or otherwise dispose of any securities convertible into or exercisable or exchangeable for common stock, for a period of 60 days after the date of this prospectus supplement without the prior written consent of Morgan Stanley & Co. LLC.
United Community Banks, Inc. is a financial holding company for United Community Bank (the Bank). It provides a range of financial products and services to the commercial, retail, governmental, educational, energy, health care and real estate sectors. This includes a variety of deposit products, secured and unsecured loans, mortgage loans, payment and commerce solutions, equipment finance services, wealth management, trust services, private banking, investment advisory services, insurance services, and other related financial services. These products and services are delivered through a variety of channels including its branches, other offices, the Internet, and mobile applications. Its deposit products include checking accounts, savings accounts, money market accounts and other deposit accounts. Its investment portfolio includes residential and commercial mortgage-backed securities, asset-backed securities, United States agency and municipal obligations.