United Community Bank named to Forbes List of America’s Best 100 Banks
February 27, 2018
United Community Banks, Inc. (NASDAQ: UCBI) (“United”) was recently recognized as one of America’s best performing banks by Forbes magazine for the fifth consecutive year.
“America’s Best Banks 2018,” an article written by Kurt Badenhausen, ranked 100 of the largest publicly traded banks and thrifts nationwide. United Community Bank was again included in this prestigious list.
“We are honored to be a part of this respected list of high-performing banks again this year,” said Lynn Harton, President and Chief Executive Officer. “Our team is incredibly focused on providing customer service excellence, so I am proud that we are simultaneously recognized for our successful efforts to be a financially stable and profitable bank.”
For nine consecutive years, Forbes has ranked the nation’s 100 largest publicly- traded banks on ten metrics including return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans. The magazine also factored in nonperforming assets as a percent of assets, risk-based capital ratio and reserves as a percent of nonperforming assets. The final component, according to the magazine, is operating revenue growth.
Data for the ranking was provided by S&P Global Market Intelligence based on regulatory filings through September 30, 2017.
The complete ranking list can be found here.
About United Community Bank
United Community Banks, Inc. (NASDAQ: UCBI) is a bank holding company based in Blairsville, Georgia with $11.9 billion in assets. The company’s banking subsidiary, United Community Bank, is one of the Southeast region’s largest full-service banks, operating 156 offices in Georgia, North Carolina, South Carolina and Tennessee. The bank specializes in personalized community banking services for individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products including mortgage, advisory and treasury management. Respected national research firms consistently recognize United Community Bank for outstanding customer service. For the last four years, J.D. Power has ranked United Community Bank first in customer satisfaction in the Southeast. In 2018, for the fifth consecutive year, Forbes magazine included United on its list of the 100 Best Banks in America. Additional information about the company and the bank’s full range of products and services can be found at www.ucbi.com.
