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United Community closes Navitas Credit acquisition

United Community Bank completed its merger with NLFC Holdings Corp. and its unit Florida-based Navitas Credit Corp.

The merger is effective Feb. 1. Navitas, which has approximately $380 million in outstanding loans and leases as of the end of 2017, will retain its brand.

United Community Bank, a unit of Blairsville, Ga.-based United Community Banks Inc., has $11.90 billion in assets as of Dec. 31, 2017.