United Community Bank Ranked Fourteenth on Forbes List of America’s Best Banks
January 21, 2015
BLAIRSVILLE, GA – United Community Banks, Inc. (NASDAQ: UCBI) (“United”) was recently recognized as one of America’s best performing banks by Forbes magazine.
“America’s Best and Worst Banks,” an article written by Kurt Badenhausen, ranked 100 of the largest publicly traded banks and thrifts nationwide. United ranked 14th on the 2015 list. United is the top ranked Georgia-based bank on the Forbes annual list.
“We are pleased to be recognized as one of the best banks in the country,” said Lynn Harton, President and Chief Operating Officer of the Bank. “This ranking reflects our focus on the fundamentals of growing a strong bank. We are particularly proud of achieving this recognition of our financial performance during the same time that we have been recognized as the Southeast Region Winner of the JD Power Award for customer satisfaction. This reflects the outstanding job our bankers do of both taking care of our customers and running a sound and profitable bank.”
For six years, Forbes has ranked the nation’s 100 largest publicly- traded banks on nine measures of financial health including return on average equity, net interest margin, nonperforming loans (NPLs) as a percentage of loans, nonperforming assets as percentage of assets, reserves as a percentage of NPLs, two capital ratios (Tier 1 and risk-based), leverage ratio and one-year sales growth.
“Banking is a ‘people business’ and United is fortunate to have dedicated, results-oriented employees with a true passion to serve its customers with our golden rule of banking: serving our customers the way we would want to be treated,” said Jimmy Tallent, Chief Executive Officer of the Bank. “At the end of the day, that drives the financial results of our company. I’m very proud of our United Team.”
Data for the ranking was provided by SNL Financial based on regulatory filings through September 30, 2014.
The complete ranking list can be found here.
About United Community Bank
United Community Banks, Inc. (NASDAQ: UCBI) is a registered bank holding company based in Blairsville, Ga., with $7.5 billion in assets. The company’s banking subsidiary, United Community Bank, is one of the Southeast region’s largest full-service banks, operating more than 100 offices in Georgia, North Carolina, South Carolina and Tennessee. The bank specializes in providing personalized community banking services to individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products, including mortgage, advisory and treasury management. United Community Bank is consistently recognized for its outstanding customer service by respected national research firms. Additional information about the company and the bank’s full line of products and services can be found at ucbi.com.
