United Community Banks To Record Q4 Charge On FDIC Special Assessment, Bond Portfolio Restructuring
From RTTNews:
United Community Banks, Inc. (UCBI) anticipates a Q4 net pre-tax charge of $62 million, or $0.41 per share. The charge includes a $10 million, or $0.07 per share, FDIC special assessment, and a $52 million, or $0.34 per share, securities loss from a bond sale. United Community offers banking, wealth management, and mortgage services.
Read more: United Community Banks To Record Q4 Charge On FDIC Special Assessment, Bond Portfolio Restructuring