United Community Banks, Inc. · NYSE:UCB
United Community Banks — Merger or Acquisition (March 2020)
10 slides from United Community Banks's merger presentation, Mar 10, 2020
Slide 1: Acquisition of Three Shores Bancorporation, Inc.
Acquisition of Three Shores Bancorporation, Inc.
Slide 2: Important Information For Shareholders and Investors
Important Information For Shareholders and Investors In connection with the proposed merger, -4 that will include a Proxy Statement of Three Shores merger. The registration statement also will contain the prospectus of United to register the shares of United common stock to be issued in connection w
Slide 3: Cautionary Statement
Cautionary Statement Caution About Forward-Looking Statements - nded, and Section 21E of the Securities Exchange Act of 1934, as amended.. In general, forward- ology, and include statements related to the expected timing of the closing of the Merger, the expected returns and other benefits of the Me
Slide 4: Transaction Highlights
Transaction Highlights Consistent With Our Strategy of Acquiring Franchise-Enhancing Companies Within Target Markets Acquisition of attractive commercial banking franchise with 14 branches and $1.5 billion of deposits Logical Expansion into Three Shores is located in 7 of the top 20 fastest growing
Slide 5: Overview of Three Shores Bancorporation, Inc.
Overview of Three Shores Bancorporation, Inc. Company Overview Three Shores At-a-Glance Ticker: TSHR (OTC pink listed) Strong commercial lending operation with excellent asset quality Founder, CEO and President: Gideon Haymaker 62% of loans are commercial & industrial and owner-occupied CRE, compare
Slide 6: 14 offices across three regions
Three Shores Branch Network Three Shores has a 14 offices across three regions Ponte Vedra, FL Central FL Deposits: $902 million Branch locations: Orlando, Lake Mary, Winter Park, Windermere Orlando market #1 in job growth for 2015-2018 (1) Lake Mary Top 10 best cities for college grads (1) Winter P
Slide 7: Additive to Our Existing Southeast Footprint
Additive to Our Existing Southeast Footprint Expansion into Attractive Florida Markets High-Growth MSAs in the Southeast Average Deposits per Branch Proj. Median ($ millions) 108 Fastest Growing Proj. Household Southeast MSAs (1) Pop. Growth Population Income 67 1. Myrtle Beach, SC 9.17% 502,515 $59
Slide 8: Pro Forma Loan and Deposit Composition
Pro Forma Loan and Deposit Composition Pro Forma Cons., HE & Other Cons., HE & Other Cons., HE & Other 4% 4% 4% 1-4 Family C&I C&I Loan Composition (1) 1-4 Family 1-4 Family 17% 24% 21% 23% 25% C&D C&I 4% 48% Owner Non Owner Owner Occupied CRE C&D Occupied CRE Occupied CRE 18% 14% 13% C&D 18% 12% No
Slide 9: Key Transaction Assumptions and Results
Key Transaction Assumptions and Results 0.3300 shares of United common stock for each share of stock Consideration $25 million of options and follow-on rights cashed out at close Deal value of approximately $180 million inclusive of value to options and follow-on rights (1) ~7x Three Shores 2019 ear
Slide 10: Summary of Transaction
Summary of Transaction Provides natural expansion into key Florida metro areas with desirable market demographics Ease of integration with no branch closures and expectation of retaining CEO and Client Advisors Culturally compatible with a focus on customer service that mirrors that of United Growin
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