UCB Form 25: NYSE Listing Withdrawal Confirmed by Exchange
Rhea-AI Filing Summary
United Community Banks, Inc. (UCB) is being removed from listing and/or registration on the New York Stock Exchange LLC via a Form 25 notification filed by the Exchange. The filing certifies that the Exchange and the Issuer have complied with the procedural rules governing voluntary withdrawal under 17 CFR 240.12d2-2. The form identifies the issuer's principal office in Greenville, South Carolina, and provides the Exchange's certification that it has reasonable grounds to file the notice.
Positive
- Issuer complied with Exchange rules for voluntary withdrawal under 17 CFR 240.12d2-2(c)
- Exchange certified procedural compliance in filing the Form 25
Negative
- Class of securities will be removed from listing and/or registration on the New York Stock Exchange LLC
- Filing contains no effective date or details on post-withdrawal listing/registration status
Insights
TL;DR: Form 25 notifies removal of UCB's securities from NYSE following procedural compliance.
The NYSE executed a Form 25 to remove the class of securities of United Community Banks, Inc. from listing and/or registration and states it complied with procedures under 17 CFR 240.12d2-2. The filing also states the issuer complied with the Exchange's voluntary withdrawal requirements.
Because the filing is procedural, it confirms a change in listing status but does not disclose reasons, effective dates, or alternative trading arrangements in this document.