On September 21, the Women’s Economic Development Council (WEDC) hosted its 22nd Women Honoring Women event, which recognized five honorees, acknowledged WEDC Foundation scholarship recipients, celebrated organization growth, and raised funds for the next round of scholarships. WEDC’s 2023 honorees were Alka Khanijow Bhargov, Marie C. Newberry, Dr. Teneshia Daniels, Dr. Beth B. Richardson, and […]
In May 2022, United Community Bank, Inc. (United) announced the acquisition of Progress Financial Corporation (Progress) in an all-stock transaction with an aggregate value of approximately $271.5 million. As of last week, United announced that the merger was completed. In this transaction, Progress’s bank subsidiary, Progress Bank and Trust, was merged into United’s bank subsidiary, […]
After 14 successful years of banking within and around the Huntsville community, Progress Financial Corporation announced this morning that the company was officially acquired by United Community Bank. This merger agreement, where United will acquire Progress, was executed in an all-stock transaction with an aggregate value of approximately $271.5 million, or $23.52 per share of […]
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