The Federal Reserve Board has given the green light to United Community Banks, Inc. for its proposed merger. The Greenville, South Carolina-based company is set to merge with ANB Holdings, Inc., thereby gaining indirect control over its subsidiary, American National Bank, located in Oakland Park, Florida.
Additionally, the Board approved United Community Bank to merge directly with American National Bank and to establish operations at its existing location.
United Community Banks, Inc. is headquartered in Greenville, South Carolina, whereas ANB Holdings, Inc. and American National Bank are located in Oakland Park, Florida.
