United Community Bank

Federal Home Loan Bank of Atlanta Announces New Maryland Board Member

Retrieved on: 
Monday, July 17, 2023

ATLANTA, July 17, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is pleased to announce that the board of directors has elected James M. Burke to fill the Maryland member directorship vacancy on the board, effective June 29, 2023.

Key Points: 
  • ATLANTA, July 17, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is pleased to announce that the board of directors has elected James M. Burke to fill the Maryland member directorship vacancy on the board, effective June 29, 2023.
  • Mr. Burke joined Community Bank of the Chesapeake in 2005, serving in a number of roles through June 30, 2023.
  • Prior to joining Community Bank of the Chesapeake, Mr. Burke served as executive vice president and senior loan officer at Mercantile Southern Maryland Bank.
  • Burke’s years of experience in financial services and his commitment to his community will serve our Maryland members well,” said FHLBank Atlanta Chair of the Board of Directors, Thornwell Dunlap.

United Community Banks, Inc. Announces Completion of Merger With First Miami Bancorp, Inc.

Retrieved on: 
Monday, July 3, 2023

GREENVILLE, S.C., July 03, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (“United”) completed its merger with First Miami Bancorp, Inc. (OTC: FMIA) (“First Miami”), effective July 1, 2023.

Key Points: 
  • GREENVILLE, S.C., July 03, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) (“United”) completed its merger with First Miami Bancorp, Inc. (OTC: FMIA) (“First Miami”), effective July 1, 2023.
  • In this transaction, First Miami’s bank subsidiary, the First National Bank of South Miami (“FNBSM”), was also merged into United’s bank subsidiary, United Community Bank (“United Community”).
  • FNBSM is headquartered in South Miami, Florida, and operates three offices in the high-growth Miami metropolitan area.
  • Their culture and approach to community engagement, customer service, and the employee experience is very similar to ours at United Community,” said Lynn Harton, Chairman and Chief Executive Officer of United.

United Community Banks, Inc. Announces Date for Second Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Thursday, June 29, 2023

GREENVILLE, S.C., June 29, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) announces it will release its second quarter 2023 financial results on Tuesday, July 18, 2023 after the stock market closes.

Key Points: 
  • GREENVILLE, S.C., June 29, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) announces it will release its second quarter 2023 financial results on Tuesday, July 18, 2023 after the stock market closes.
  • The company also will hold a conference call at 11:00 a.m.
  • ET on Wednesday, July 19, 2023 to discuss its financial results, business highlights and outlook.
  • Participants can pre-register for the conference call by navigating to https://dpregister.com/sreg/10180523/f9d90a99ea .

NFP Acquires the Benefits Business of FinTrust Insurance and Benefits, Inc.

Retrieved on: 
Tuesday, June 27, 2023

PALM BEACH GARDENS, Fla., June 27, 2023 /PRNewswire-PRWeb/ -- NFP, a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor, announced it has acquired the employee benefits solutions business of FinTrust Insurance and Benefits, Inc. (FinTrust), a subsidiary of United Community Banks. Based in Orlando, FinTrust provides sophisticated financial products and a wide array of business services to employer groups and individuals across the state of Florida.

Key Points: 
  • PALM BEACH GARDENS, Fla., June 27, 2023 /PRNewswire-PRWeb/ -- NFP , a leading property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor, announced it has acquired the employee benefits solutions business of FinTrust Insurance and Benefits, Inc .
  • Based in Orlando, FinTrust provides sophisticated financial products and a wide array of business services to employer groups and individuals across the state of Florida.
  • Cindi Johnston, former FinTrust vice president of Employee Benefits, joins NFP's Florida Group Benefits operation and reports to Sarah Wollschleger, NFP's South Florida benefits market leader.
  • The acquired employee benefits solutions business provides product-neutral, needs-based employee benefits plans and programs that enhance clients' business operations, complement retention efforts and simplify the complexities of benefits administration.

Karen Harrison Promoted to Executive Vice President, Community Banking Executive

Retrieved on: 
Tuesday, June 27, 2023

The Banner Bank board of directors announced today that Karen Harrison has been promoted to Executive Vice President, Community Banking Executive.

Key Points: 
  • The Banner Bank board of directors announced today that Karen Harrison has been promoted to Executive Vice President, Community Banking Executive.
  • Previously, she held the position of Senior Vice President, Community Banking Director.
  • “Since joining Banner Bank in early 2022, Karen has demonstrated extensive leadership capability and strategic acumen.
  • She is responsible for the performance of 137 branches in four states as well as the bank’s digital branch, business banking service delivery, merchant services, Community Banking training and development, and Banner Investment Services.

Strata Clean Energy Begins Operations on Two Tax Equity Financed Battery Energy Storage Systems under the Inflation Reduction Act

Retrieved on: 
Wednesday, June 21, 2023

Strata Clean Energy (Strata) has successfully closed on all installments of tax equity financing for two standalone battery energy storage systems.

Key Points: 
  • Strata Clean Energy (Strata) has successfully closed on all installments of tax equity financing for two standalone battery energy storage systems.
  • “United Community Bank is proud to support Strata Clean Energy through the tax equity investments in the battery storage systems,” said Clayton Summers, Renewable Energy Finance Team Lead at United Community Bank.
  • As part of its rapidly growing battery energy storage platform, Strata assumes ownership and long-term operational responsibilities for both projects.
  • "We are proud to partner with Strata Clean Energy and UCB to advance solutions that allow greater deployment of clean energy in our country.

LendingPoint Names Richard Pfaltzgraff Chief Financial Officer

Retrieved on: 
Wednesday, June 7, 2023

LendingPoint , the AI-driven CreditTech platform that provides one-stop financing solutions for consumers, e-commerce and point of sale partners, and lending institutions, announced today that Richard (Rich) Pfaltzgraff has been named as its new Chief Financial Officer.

Key Points: 
  • LendingPoint , the AI-driven CreditTech platform that provides one-stop financing solutions for consumers, e-commerce and point of sale partners, and lending institutions, announced today that Richard (Rich) Pfaltzgraff has been named as its new Chief Financial Officer.
  • As CFO, Rich will oversee the finance and accounting divisions and be responsible for overall financial planning, managing cash flow, supporting LendingPoint’s continuous capital market offerings, and further enhancing LendingPoint’s already diversified funding strategy.
  • Rich is a strategic financial executive with extensive experience at high-growth companies.
  • “It’s an exciting time to join the LendingPoint team during a period of rapid, yet consistent and profitable, growth,” said Rich.

KBRA Affirms Ratings for United Community Banks, Inc.

Retrieved on: 
Thursday, June 1, 2023

KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, the preferred shares rating of BBB-, and the short-term debt rating of K2 for Greenville, South Carolina-based United Community Banks, Inc. (NASDAQ: UCBI or “the company”).

Key Points: 
  • KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, the preferred shares rating of BBB-, and the short-term debt rating of K2 for Greenville, South Carolina-based United Community Banks, Inc. (NASDAQ: UCBI or “the company”).
  • In addition, KBRA affirms the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the bank subsidiary, United Community Bank (“the bank”).
  • UCBI's ratings are supported by a financial profile which is highlighted by an attractive core deposit franchise and core capital metrics that exceed most peers'.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

Potomac Bancshares, Inc. Welcomes Michael Huber of Belfort Furniture and Stone Tower Winery to the Board of Directors

Retrieved on: 
Thursday, June 1, 2023

Additionally, Huber founded the stylish Stone Tower Winery, also located in Loudoun County.

Key Points: 
  • Additionally, Huber founded the stylish Stone Tower Winery, also located in Loudoun County.
  • Stone Tower is one of the most visited wineries in the region and a sought-after wedding venue.
  • "We are pleased to welcome Mike to the Board of Directors," stated Dr. Keith Berkeley, Chairman of the Board for PTBS and BCT.
  • Additionally, Huber helped raise over $2.8 million for the Virginia Vine "Jimmy V" charity by hosting auction galas at his Stone Tower Winery.

Heelstone Renewable Energy Closes on $357 Million Project Financing for Five Utility Scale Projects Totaling Approximately 345 MWDC

Retrieved on: 
Wednesday, May 31, 2023

Heelstone Renewable Energy, LLC (“Heelstone”) announced today the closing of the project financing to fund the construction of three portfolios composed of five (5) utility scale solar projects.

Key Points: 
  • Heelstone Renewable Energy, LLC (“Heelstone”) announced today the closing of the project financing to fund the construction of three portfolios composed of five (5) utility scale solar projects.
  • Four of the projects are located in Georgia and represent projects Heelstone has fully self-developed.
  • Heelstone has a long-standing relationship with Fifth Third and was proud to work with them and J.P. Morgan on these projects.
  • “With BlackRock’s corporate facility, we were able to finalize the development of the projects to obtain the project financing,” said Justin Gravatt, CEO.