BLAIRSVILLE, Ga., Feb. 05, 2016 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (Nasdaq:UCBI), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to seven cents per common share. The dividend is payable April 1, 2016, to shareholders of record on March 15, 2016.
The quarterly cash dividend represents a payout ratio of 21 percent based on recently reported fourth quarter’s operating earnings.
About United Community Banks, Inc.
United Community Banks, Inc. (UCBI) is a bank holding company based in Blairsville, Georgia, with $9.6 billion in assets. The company's banking subsidiary, United Community Bank, is one of the Southeast's largest full-service banks, operating 134 offices in Georgia, North Carolina, South Carolina and Tennessee. The bank specializes in personalized community banking services for individuals, small businesses and corporations. United Community Bank offers a full range of consumer and commercial banking services including mortgage, advisory, treasury management and other products. In 2014 and 2015, United Community Bank was ranked first in customer satisfaction in the southeast by J.D. Power and again in 2016 was ranked among the top 100 on the Forbes list of America's Best Banks. Additional information about the company and the bank's full range of products and services can be found at www.ucbi.com.
Rex S. Schuette Chief Financial Officer (706) 781-2266 Rex_Schuette@ucbi.com
Source:United Community Banks, Inc.