Manila Times Business
United Community Banks, Inc. Announces Agreement to Sell Equipment Finance Business, Consisting of Navitas Credit Corp. and NLFC Reinsurance Corp., to Funds Managed by Wafra Inc.
GREENVILLE, S.C., June 12, 2026 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) ("United”) today announced the execution of a definitive agreement to sell its equipment finance business, consisting of Navitas Credit Corp. and NLFC Reinsurance Corp. (collectively, "Navitas”), to funds managed by Wafra Inc., acting through Navitas TopCo LLC ("Wafra”) for $1.9 billion in cash1 (the "Transaction”). The sale of Navitas reinforces United’s focus on its core Southeastern relationship banki
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Source: manilatimes.net
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