-
The private equity firm founded by Eugene Ludwig has sold about 6% of its stake in Seacoast Banking Corp. of Florida for $7.3 million.
November 18 -
Jimmy Tallent is leading an impressive comeback at United Community Banks in Georgia. But what's even more impressive is that he got the chance.
August 26 -
The $7.4 billion-asset company said its board has also approved a plan to sell about $293 million in substandard and nonperforming loans and $142 million in foreclosed properties.
March 31
Corsair Capital has reduced its stake in United Community Banks in Blairsville, Ga.
The New York firm on Thursday sold 3 million voting shares in the $9.4 billion-asset United Community to Morgan Stanley, which acted as the sole underwriter on the offering. United Community did not disclose sale price of Corsair's stock.
Corsair, which had been United Community's largest investor, still owns about 4.9% of the company's voting stock, and about 76% of its nonvoting shares. The firm collectively owns about 10.2% of United Community's outstanding common stock.
Corsair
Troutman Sanders advised United Community. Kilpatrick Townsend & Stockton advised Morgan Stanley.