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UCBI - United Community Banks Inc.: Another Bank Preferred Stock IPO
United Community Banks Inc.
Introduction
It must have become perhaps banal, a preferred stock issued by a bank. Since the beginning of May, when the fixed-income initial offerings resumed after a two-month pause, a total of 11 preferred stocks are issued, 8 of which by a bank. The three exceptions are made by a life insurer (Brighthouse Financial (BHF)), a credit services company (Farmer Mar), and an investment brokerage (Stifel Financial). Still, we have nothing left but to present the newest Preferred Stock IPO issued by United Community Banks, Inc. (UCBI).