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February 5, 2019
A financial services team of Neil Grayson, Sue Stoffer, Maurice Holloway, Lee Kiser, and Ricky Davis represented United Community Banks, Inc. in its definitive agreement to acquire First Madison Bank & Trust in an all-cash transaction. The transaction has been unanimously approved by the Board of Directors of each company and is expected to close in the second quarter of 2019.
First Madison operates four banking offices, all of which are located in the Athens-Clarke County, Ga. region. The merger will expand United's presence into one of Georgia's fastest-growing market areas and is a natural geographic extension of its existing footprint. United is headquartered in Blairsville, Ga., with executive offices in Greenville, S.C. The company's banking subsidiary, United Community Bank, has 149 offices in Georgia, North Carolina, South Carolina, and Tennessee.
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