Brief: United Community Banks Says Expects Increase In Q3 Charge-Offs

United Community Banks

13/09/2023 11:33

Sept 13 (Reuters) - United Community Banks Inc  UCBI.O :
    * UNITED COMMUNITY BANKS INC - EXPECTS AN INCREASE IN Q3
CHARGE-OFFS
    * UNITED COMMUNITY BANKS:  INCREASE IN Q3 CHARGE-OFFS
ARISING FROM
AN 8.7% PARTICIPATION IN $218.5 MILLION NATIONALLY SYNDICATED
CREDIT
    * UNITED COMMUNITY BANKS- MINIMAL RECOVERY EXPECTED ON
EXPOSURE
RESULTING IN A Q3 CHARGE-OFF OF APPROXIMATELY $19.0 MILLION

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Further company coverage:  UCBI.O 

 ((Reuters.Brief@thomsonreuters.com;))