United Community Banks, Inc. Announces Transfer of Listing of Common Stock and Depositary Shares to NYSE

Rhea-AI Summary

United Community Banks, Inc. (UCBI) has announced its decision to transfer the listing of its common stock and Depositary Shares from Nasdaq to the New York Stock Exchange (NYSE). The transition is set to take effect on August 6, 2024, with trading commencing at market open under new ticker symbols: 'UCB' for common stock and 'UCB PRI' for depositary shares.

CEO Lynn Harton expressed excitement about the move, citing the potential for greater visibility for the company and its shareholders. The company plans to celebrate this milestone by ringing The Opening Bell with its Board of Directors later in August. Chris Taylor, VP of Global Head of Listings and Services at NYSE Group, welcomed United Community Banks to the exchange, noting its fit among the NYSE's community of leading banks.

GREENVILLE, S.C., July 26, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI; UCBIO) (the “Company” or “United”) announced today that the Company will transfer the listing of its common stock and its Depositary Shares (each representing 1/1000^th interest in a share of Series I Non-Cumulative Preferred Stock) from the Nasdaq Stock Market LLC (“Nasdaq”) to the New York Stock Exchange (“NYSE”). The Company expects to commence trading as a NYSE-listed company upon market open on August 6, 2024. United’s common stock and depositary shares will trade under new ticker symbols, “UCB” and “UCB PRI”, respectively, after the transfer. The Company’s common stock and depositary shares will continue to trade on Nasdaq until the close of the market on August 5, 2024.

“We are excited to announce our partnership with NYSE,” said United CEO, Lynn Harton. “In joining the world’s largest stock exchange, we believe NYSE will provide greater visibility for our company and shareholders. We look forward to celebrating this occasion and milestone for United by ringing The Opening Bell with our Board of Directors later in August.”

“We’re thrilled to welcome United Community Banks, Inc. to the New York Stock Exchange,” said Chris Taylor, Vice President, Global Head of Listings and Services at NYSE Group. “As the listing venue for many of the world’s leading banks, the Company should feel right at home among our community of icons and disruptors.”

About United Community Banks, Inc.

United Community Banks, Inc. (NASDAQ: UCBI; UCBIO) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of June 30, 2024, United Community Banks, Inc. had $27.1 billion in assets, 203 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10-time winner of J.D. Power’s award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2023, United Community was named by American Banker as one of the “Best Banks to Work For” for the seventh consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World’s Best Banks and one of America’s Best Banks. Additional information about United can be found at www.ucbi.com.

For more information:

Jefferson Harralson
Chief Financial Officer
(864) 240-6208
Jefferson_Harralson@ucbi.com

FAQ

When will United Community Banks (UCBI) start trading on the NYSE?

United Community Banks (UCBI) will commence trading on the New York Stock Exchange (NYSE) on August 6, 2024, at market open.

What will be the new ticker symbols for United Community Banks on the NYSE?

The new ticker symbols for United Community Banks on the NYSE will be 'UCB' for common stock and 'UCB PRI' for depositary shares.

Why is United Community Banks (UCBI) moving its listing to the NYSE?

United Community Banks is moving to the NYSE to gain greater visibility for the company and its shareholders, as stated by CEO Lynn Harton.

Until when will United Community Banks (UCBI) continue trading on Nasdaq?

United Community Banks (UCBI) will continue trading on Nasdaq until the close of the market on August 5, 2024.