United Community Banks completed its merger with First Miami Bancorp, effective July 1, 2023. In this transaction, First Miami’s bank subsidiary, the First National Bank of South Miami, was also merged into United’s bank subsidiary, United Community Bank. After conversion, FNBSM will operate under the United Community brand. FNBSM is headquartered in South Miami, Florida, and operates three offices in the high-growth Miami metropolitan area. As of March 31, 2023, FNBSM had total assets of $945M, total loans of $605M, and total deposits of $823M. In addition to traditional banking services, FNBSM offers private banking, trust and wealth management services with approximately $320M in assets under management.
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