United Community Banks in Greenville, S.C., has agreed to buy ANB Holdings in Oakland Park, Fla.
The $27.4 billion-asset United said in a press release that it will pay $80 million in stock for the parent of the $439 million-asset American National Bank. The deal is expected to close in the second quarter.
ANB Bank has $322 million of loans and $374 million of deposits.
“This transaction strengthens our presence in the greater Miami market,” Lynn Harton, United’s chairman and CEO, said in the release. The acquisition “is an exciting opportunity to add a customer service-focused hub in an attractive area with a team that shares our values of customer service, employee engagement, and community development.”
The acquisition is expected to be accretive to United’s 2026 earnings per share by about 4 cents a share.
Stephens and Wachtell, Lipton, Rosen & Katz advised United. Hovde Group and Smith Mackinnon advised ANB.