BLAIRSVILLE, Ga., Feb. 16, 2017 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) (“United”), reported that its Board of Directors approved an increase of its regular quarterly cash dividend to nine cents per common share. The dividend is payable April 5, 2017, to shareholders of record on March 15, 2017.
“Following an exceptional year for United and a solid ending to 2016, our Board increased the quarterly cash dividend to nine cents per share for the first quarter of 2017,” stated Jimmy Tallent, chairman and chief executive officer. “This is 13 percent higher than our fourth quarter dividend and a 33 percent increase from a year ago.”
About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ:UCBI) is a registered bank holding company based in Blairsville, Georgia with $10.7 billion in assets. The company’s banking subsidiary, United Community Bank, is one of the southeast region’s largest full-service banks, operating 139 offices in Georgia, North Carolina, South Carolina and Tennessee. The bank specializes in providing personalized community banking services to individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products including mortgage, advisory, and treasury management. Respected national research firms consistently recognize United Community Bank for outstanding customer service: In 2014, 2015 and 2016, J.D. Power ranked United Community Bank first in customer satisfaction in the Southeast. In 2017, for the fourth consecutive year, Forbes included United among their list of the top 100 Best Banks in America. Additional information about the company and the bank’s full range of products and services can be found at www.ucbi.com.
For more information: Rex S. Schuette Chief Financial Officer (706) 781-2266 Rex_Schuette@ucbi.com
Source:United Community Banks, Inc.