Greenville-based United Community Banks merged with Florida's Three Shores Bancorporation Inc. and its subsidiary Seaside National Bank and Trust on July 1.
Gideon Haymaker, founder and CEO of Seaside National Bank, will serve as Florida president for the consolidated bank, according to a news release.
"We have been looking for an opportunity to enter Florida in the right markets, with the right business model, and most importantly, with the right people. We believe that we have accomplished all of these things with this merger," Lynn Harton, CEO and chairman of United Community Bank, said in the news release. "Since the transaction announcement in March, our relationship with Gideon and his team has become even stronger, and we continue to believe that now more than ever, our combined banks are better together."
The merger is expected to diversify Seaside National Bank's mortgage products and business lending expertise on issues including SBA and asset-based lending, while bolstering United Community Bank's wealth management platform across a wider geographic territory, according to the release.
"We had discussions with a number of potential partners, but none that we believed was a good fit until we met with the...