UCB, ANB Announce Merger

United Community Banks, Inc. (NYSE: UCB) shares gained ground Tuesday, as the company and ANB Holdings, Inc. announced today the execution of a definitive merger agreement pursuant to which United will acquire ANB, and its wholly-owned subsidiary, American National Bank in an all-stock transaction with an aggregate value of approximately $80 million.ANB Bank is headquartered in Oakland Park, Florida, a northern and fast-growing part of the Miami metropolitan area. Founded in 1985, ANB Bank primarily services Miami Dade, Broward, and Palm Beach Counties. It is a premier franchise with an…