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United Community Banks, Inc. Completes Sale of Navitas Credit Corp.

PUBLIC · UCBSep 01, 20263 days ago

Acquiring Company

United Community Banks

Acquired Company

Navitas Credit

GreenvillePonte VedraFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceFintechLending

Description

On September 1, 2026, United Community Banks, Inc. announced the completion of the sale of its wholly owned subsidiary Navitas Credit Corp., along with NLFC Reinsurance Corp. This transaction was previously disclosed in a current report filed on June 11, 2026. The sale represents a strategic shift aimed at better aligning the bank's business focus and optimizing its operations.

Company Information

Company

United Community Banks

Location

Greenville, South Carolina, United States

About

United Community Banks, Inc. (NASDAQ: UCBI) is the financial holding company for United Community, a top 100 US financial institution that is committed to improving the financial health and well-being of its customers and ultimately the communities it serves. United Community provides a full range of banking, wealth management, and mortgage services. As of September 30, 2023, United Community has $26.9 billion in assets and 205 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment financing subsidiary. United Community has been recognized nationally as a leader in customer service, financial performance, and workplace environment. Among the accolades, United Community is a nine-time winner of the J.D. Power award that ranked the bank #1 in customer satisfaction with consumer banking in the Southeast and was recognized in 2023 by Forbes as one of the World's Best Banks and one of America's Best Banks. United Community was also recognized by Newsweek in 2023 as one of the Most Trusted Companies in America, is a multi-award recipient of the Greenwich Excellence Awards and was named by American Banker as one of the "Best Banks to Work For" in 2023 for the seventh consecutive year. Additional information about United Community can be found at ucbi.com. SOURCE United Community Bank

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Frequently asked

Who acquired Navitas Credit?

Navitas Credit was acquired by United Community Banks, based in Greenville. The deal was reported on September 1, 2026. United Community Banks, Inc. United Community Banks is publicly traded (UCB) and operates in Financial Services.

When did United Community Banks acquire Navitas Credit?

United Community Banks's acquisition of Navitas Credit was reported on September 1, 2026. On September 1, 2026, United Community Banks, Inc. announced the completion of the sale of its wholly owned subsidiary Navitas Credit Corp., along with NLFC Reinsurance Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Navitas Credit do?

Navitas Credit is a wholly owned subsidiary of United Community Banks, dedicated to providing exceptional financing and services to its customers. It is privately held, operating in Financial Services, and is based in Ponte Vedra.

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