Brief: United Community Banks Inc And Reliant Bancorp Inc Announce Merger Agreement

United Community Banks

15/07/2021 12:25

July 15 (Reuters) - Reliant Bancorp Inc  RBNC.O :
    * UNITED COMMUNITY BANKS INC - DEAL FOR $30.58 PER SHARE OF
RELIANT COMMON STOCK
    * UNITED COMMUNITY BANKS INC - ALL-STOCK TRANSACTION WITH AN
AGGREGATE VALUE OF APPROXIMATELY $517 MILLION
    * UNITED COMMUNITY BANKS INC - RELIANT SHAREHOLDERS WILL
RECEIVE
0.9842 SHARES OF UNITED FOR EACH SHARE OF RELIANT
    * UNITED COMMUNITY BANKS INC - MERGER EXPECTED TO BE
ACCRETIVE TO
CO'S EPS BY ABOUT $0.15 PER SHARE (6.1%) IN 2022 AND $0.22 PER
SHARE (8.5%) IN 2023
    * UNITED COMMUNITY BANKS INC -  UNITED EXPECTING TO
REPORT$0.77 TO
$0.80 DILUTED EPS RANGE FOR Q2
    * UNITED COMMUNITY BANKS INC - RELIANT EXPECTING TO REPORT
$0.76
TO $0.79 DILUTED EPS RANGE FOR Q2
    * UNITED COMMUNITY BANKS INC - EXPECTS TO REPORT A $13.0
MILLION
TO $14.0 MILLION NEGATIVE LOAN LOSS PROVISION IN QUARTER
    * UNITED COMMUNITY BANKS INC - RELIANT'S EARNINGS RELEASE
INCLUDES
NO PROVISION IN QUARTER

Source text for Eikon:  ID:nBw3v6tmca 
Further company coverage:  RBNC.O 

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