United Community Banks sells Navitas for $2B
United Community Banks finalized the sale of its Navitas platform for $2 billion with a 7% premium. The strategic divestiture, generating a $68 million pretax gain, is designed to reduce operational complexity and boost core banking growth.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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