FNB Corporation to Acquire UB Bancorp (Union Bank) in All-Stock Merger
July 21, 2022
UB Bancorp, parent of Union Bank, announced that it has signed a definitive merger agreement under which FNB Corporation will acquire UB Bancorp in an all-stock transaction. The deal is contemplated to close during the fourth quarter of 2022, subject to regulatory approval and UB Bancorp and FNB shareholder approvals.
- Buyers
- FNB Corporation
- Targets
- UB Bancorp
- Industry
- Financial Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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