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.
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.