United Community Banks, Inc. (NASDAQ: UCBI) is a financial holding firm with executive offices in Greenville, South Carolina, headquartered in Blairsville, Georgia. With $17.2 billion in reserves and 163 branches in Florida, Georgia, North Carolina, South Carolina, and Tennessee, United is one of the largest full-service banking institutions in the Southeast.
United Community Bank, United’s wholly-owned bank affiliate, specializes in tailored community banking programs across its regional footprint, including Florida under the Seaside Bank and Trust name, for individuals, small and large-scale businesses.
A wide range of residential and commercial banking products, including mortgage, consulting, treasury, and asset management services, are included in the services.
United, founded in 1950 as the Union County Bank, has been operating on the principle of offering excellent banking service and taking deep care of the communities it represents. This theory fueled the Company’s rise from a $40 million bank a little more than three decades ago.
The strength of United comes from its strong, successful, and established leadership team, as well as the competitive growth markets they represent. Its corporate model involves presidents of small banks with an average of 20 years of experience in retail banking, 90% of whom have been in their local markets.
United Community Banks, Inc. also provides a Dividend Reinvestment and Share Purchase Plan for paving a way to maximize common stock ownership at no cost to eligible shareholders. Shares can be exchanged for a competitive brokerage commission and a nominal processing fee under the Plan.
Within the Proposal Prospectus available online, one can see a full overview of plan features. You must first join the Package to participate. You can complete an Enrollment Card to begin your registration and return it to Continental Stock Transfer & Trust Business as the Plan Administrator.
You may also cancel your involvement by writing to the Plan Administrator. For a minimum cash transaction of $25, or a limit of $30,000 quarterly, additional share acquisitions at no expense.
Recently, United Community Banks, Inc. (NASDAQ: UCBI) (‘United’) announced that its Board of Directors accepted a quarterly cash dividend of $0.18 per share on the Company’s common stock. As of December 15, 2020, the dividend is payable to record owners on January 5, 2021.
Whether you are a beginner or professional, to understand the importance of investing in shares, it is essential to be able to differentiate between savings and investments.
Having savings means keeping some capital away, little by little. This is done to generally fund any future travel plans, a home mortgage, or pay in case of unprecedented situations or accidents. This process typically involves putting money aside into your savings account or similar cash products.
On the other hand, investing refers to getting some of your money and seeking to expand it by buying products that you hope will rise in value – for instance, investing in stocks, shares, etc. Investing in shares usually depends on your financial conditions and future aims, whether short-term, medium-term, or long-term.
For more information, read the article How to Buy US Shares in Australia in 2021 which provides a clear demonstration to assist you in buying US shares in Australia.
Before investing in shares, check our concise guide on the subject below:
United Community Banks, Inc. provides investment services for both you and your business.