Federal Reserve Board announces approval of application by United Community Banks, Inc.

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Federal Reserve Board announces approval of application by United Community Banks, Inc.

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The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 19. It is reproduced in full below.

The Federal Reserve Board on Monday announced its approval of the application by United Community Banks, Inc., Greenville, South Carolina, to merge with Progress Financial Corporation, and thereby indirectly acquire Progress Bank and Trust, both of Huntsville, Alabama.

Attached is the Board’s order relating to this action.

For media inquiries, please email [email protected] or call 202-452-2955.

Source: Board of Governors of the Federal Reserve System

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