United Community Banks, Inc. Completes Acquisition of FinTrust Capital Partners, LLC

Thursday, July 8th, 2021

United Community Banks, Inc. has completed its acquisition of FinTrust Capital Partners, LLC, and its operating subsidiaries FinTrust Capital Advisors, LLC, FinTrust Capital Benefit Group, LLC and FinTrust Brokerage Services, LLC.

FinTrust is a 13-year-old investment advisory firm headquartered in Greenville, South Carolina, with additional locations in Anderson, South Carolina, and Athens and Macon, Georgia. The firm provides wealth and investment management services to individuals and institutions within its markets. As of March 31, 2021, FinTrust had assets under management of $2.0 billion across its advisory, retirement planning and brokerage businesses. On a combined basis, United now has $4.4 billion in assets under management or advisement. FinTrust will become an operating subsidiary of United and certain businesses currently operating under the Seaside brand will be combined with FinTrust and its existing brand. FinTrust’s Managing Partners, Phillip Brice, Pat Sheridan, and Allen Gillespie and their team will continue to operate the business.

United’s Chairman and CEO Lynn Harton stated, “Adding FinTrust significantly accelerates our continued efforts to grow our investment advisory business, which we have achieved both organically and with the addition of Seaside last year. We are excited by the opportunity this partnership brings to provide a full range of financial services to our customers and we are pleased to welcome FinTrust’s established team of professionals to United.”

FinTrust’s Co-founder and Managing Partner, Phillip Brice, stated, “Our team is highly energized and motivated by the potential of this partnership. We have already identified significant opportunities to expand our business as part of United. Our shared commitment to growing the investment advisory business and to providing the highest quality service to our clients is going to lead us to continued success as we expand throughout the Southeast.”