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United Community Banks in Blairsville, Ga., has amended its fourth-quarter and 2012 results to reflect a legal settlement.
February 22
United Community Banks (UCBI) in Blairsville, Ga., said it expects to report earnings of $14 million to $15 million for the first quarter.
The $7 billion-asset company made the disclosure as part of a
United Community said it plans to use some of the proceeds from the offering to repurchase the warrant originally issued to Fletcher International and to resolve all other claims tied to its settlement with Fletcher's bankruptcy trustee. Fletcher was a New York hedge fund that held stock rights and warrants in United Community as part of a complex investment.
United Community