United Community Banks, Inc. · NYSE:UCB
United Community Banks — Merger or Acquisition (February 2023)
11 slides from United Community Banks's merger presentation, Feb 13, 2023
Slide 1: Merger Agreement With First Miami Bancorp, Inc.
Merger Agreement With First Miami Bancorp, Inc. Strengthening Position In Vibrant Miami-Dade Market February 13, 2023
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” or “UCBI”) and First Miami Bancorp, Inc. (“First Miami”). In connection with the proposed merger, United intends to file with the Securities and Exchange Comm
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: Strengthening Our Position as the Premier Southeastern Banking Franchise Operating in Attractive Growth Markets
Strengthening Our Position as the Premier Southeastern Banking Franchise Operating in Attractive Growth Markets ✓ $1.0 billion community bank operating in attractive Miami market ─ Increases our deposits in Florida by 66% to $2.2B(1) (~10% of pro forma Company deposits; 4th largest pro forma Company
Slide 5: Overview of First Miami Bancorp, Inc.
Overview of First Miami Bancorp, Inc. Financial Snapshot Orlando Florida 2019Y 2020Y 2021Y 2022Y 1 Balance Sheet Assets $913 $893 $1,124 $1,031 Melbourne Gross Loans $554 $621 $554 $594 Deposits $727 $724 $934 $867 Loans / Deposits 75.2% 84.7% 58.5% 68.5% Tampa TCE / TA 13.2% 13.3% 11.7% 11.0% Profi
Slide 6: Miami MSA Highlights
Miami MSA Highlights Overview Accolades • Miami is a top emerging U.S. tech and • “World’s Leading Lifestyle Destination” and financial services hub, with the likes of “North America’s Leading City Destination” Microsoft, Citadel, and Blackstone (World Travel Awards, 2022) announcing new offices in
Slide 7: Transaction Highlights
Transaction Highlights • 100% stock • Fixed Exchange Ratio: 40.2685 shares of UCBI to be issued for each share of First Miami common stock • Implied aggregate transaction value of $115.9 million Consideration • Anticipate issuing of 3.5 million shares of UCBI stock to First Miami common shareholders
Slide 8: Summary Transaction Rationale
Summary Transaction Rationale Expands presence in the highly-attractive Miami market (4th largest pro forma Company MSA by deposits) Increases Florida deposit balances to greater than $2 billion Established banking franchise with strong liquidity and a low-cost core deposit base ✓ Complementary to U
Slide 9: Appendix
Appendix 9
Slide 10: Comprehensive Due Diligence & Loan Review Process
Comprehensive Due Diligence & Loan Review Process Leveraging Our Experience of Operational Review Qualitative and Quantitative Approach to Credit 51 ~660 ~2,000 • Deep review of loan files with 9 individuals participating, including both internal and external (third party) reviewers Data Room Data R
Slide 11: Recent Awards and Recognition
Recent Awards and Recognition United Accolades First Miami Accolades ▪ Ranked #1 in Customer ▪ Daily Business Review named Satisfaction with Consumer First National Bank of South Banking in the Southeast, 8 of the Miami in the top 3 for five last 9 years (J.D. Power) categories including: Best Bank
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