Investor Presentaiton
Progress Financial Corporation Merger Update
Florence
Tuscaloosa
Daphne
Decatur
Huntsville
Birmingham
United Community Banks, Inc. (184)
Progress Financial Corporation (14)
Alabama
Destin
Panama City
Business Update
✓ Closed acquisition on January 3, 2023
✓ Progress is headquartered in Huntsville,
Alabama and has 14 branches in some
of the Southeast's fastest growing
markets in Alabama and the Florida
Panhandle
✓ As of September 30, 2022, Progress
had $1.4 billion in loans and $1.5 billion
in deposits
✓ Progress CEO David Nast will continue
to lead the markets as United's State
President for Alabama and the Florida
Panhandle
✓ Operational conversion is scheduled for
early 2Q23
✓ Return metrics are expected to be within
United's target ranges
7
U
UNITEDView entire presentation