United Community Banks Sells Equipment Finance Division for $1.9 Billion

AI-generated NewsSnap summary based on source reporting.
Published: 2026-06-12
Category: business
Source: GlobeNewswire (via United Community Banks, Inc.)
Original source

United Community Banks, Inc. has reached an agreement to divest its equipment finance operations, including Navitas Credit Corp. and NLFC Reinsurance Corp. The sale, valued at $1.9 billion in cash, is to funds managed by Wafra Inc. This transaction is anticipated to significantly boost United's liquidity.

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