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United Community Banks Prices Preferred

United Community Banks (UCBI) has priced their previously announced new preferred stock issue.

The issue priced at 6.875%. The issue is non-cumulative .

Kroll Bond Rating Service has rated the issue BBB-, but none of the big 3 ratings agencies have rated the issue.

The issue will trade immediately today on the OTC grey market under ticker UCBKL.

The pricing term sheet can be found here.

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