United Community Banks, Inc. · NYSE:UCB
United Community Banks — Merger or Acquisition (May 2021)
10 slides from United Community Banks's merger presentation, May 27, 2021
Slide 1: Enhancing Our Charlotte Presence Through The Acquisition of Aquesta Financial Holdings, Inc.
Enhancing Our Charlotte Presence Through The Acquisition of Aquesta Financial Holdings, Inc. May 27, 2021 Financial Holdings, Inc.
Slide 2: Important Information For Stockholders and Investors
Important Information For Stockholders and Investors This presentation relates to a proposed merger of United Community Banks, Inc. ("United") and Aquesta Financial Holdings, Inc. ("Aquesta"). In connection with the proposed merger, United will file with the Securities and Exchange Commission (“SEC”
Slide 3: Cautionary Statement About Forward-Looking Statements
Cautionary Statement About Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In general, forward-looking statements usual
Slide 4: Transaction Highlights
Transaction Highlights Consistent With Our Strategy of Acquiring Franchise-Enhancing Companies Within Target Markets Strategic expansion through acquisition of a well-established, high performing community bank franchise with 12 banking offices and $636 million of deposits in 5 of the top 15 metro
Slide 5: Overview of Aquesta Financial Holdings, Inc.
Overview of Aquesta Financial Holdings, Inc. Company Overview Aquesta’s Branch Network • Ticker: AQFH (OTC pink listed) • Founder, CEO and President: Jim Engel • Headquarters: Cornelius, NC Raleigh • Bank Subsidiary: Aquesta Bank; 9 Branches and 3 Loan Production Offices (“LPOs”) Charlotte • Aquesta
Slide 6: Well Positioned in Some of the Best Markets in the Southeast
Well Positioned in Some of the Best Markets in the Southeast Aquesta Has An Established Presence In The Carolinas Charlotte, NC • Branch locations: Operating from Charlotte through Lake Norman • Largest MSA in the Carolinas with $336.8 billion in deposits • 6th highest population MSA percentage grow
Slide 7: Additive to Our Existing Southeast Footprint
Additive to Our Existing Southeast Footprint Expansion into Attractive North And South Carolina Markets High-Growth MSAs in the Southeast Average Deposits per Branch ($ millions) $104 Fastest Grow ing ‘21 – ’26 Proj. ’21 ‘26 Proj. Median $71 Southeast MSAs (1)(2) Pop. Grow th % Population Household
Slide 8: Pro Forma Loan and Deposit Composition
Pro Forma Loan and Deposit Composition Pro Forma Non Owner Occupied CRE Non Owner Occupied CRE Non Owner Occupied CRE 19% 15% 19% Owner Owner Owner Occupied Loan Composition (1) Occupied 1-4 Family Occupied CRE 1-4 Family CRE 11% CRE 24% 1-4 Family 17% 21% 17% 20% C&D 12% C&D Cons., MF C&D 10% & Oth
Slide 9: Key Transaction Assumptions and Results
Key Transaction Assumptions and Results • 0.6386 shares of United common stock or $21.50 in cash for each share of Aquesta common stock Consideration • $12.0 million of options and warrants rolled into United common stock at close • Consideration: Stockholder election with Aquesta stockholders able
Slide 10: Summary of Transaction
Summary of Transaction Provides natural expansion into key North Carolina metro areas with desirable market demographics – Ease of integration with no branch closures and expectation of retaining Client Advisors and Producers Acquisition of a community bank with scarcity value as the largest com
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