Banks & Financial Sector: United Community Buys Indiana Integra Branches

(Comment on this article at http://www.financialwire.net/2010/06/07/banks-financial-sector-united-community-buys-indiana-integra-branches/)

June 7, 2010 (FinancialWire) -- United Community Bancorp, Inc. (NASDAQ: UCBA) said that its subsidiary, United Community Bank, has completed the purchase of three branch offices and certain loans of Integra Bank National Association.

The acquisition occurred following the close of business on June 7, at which time the Integra Bank National Association branch offices located in the towns of Osgood, Milan and Versailles, Indiana became branch offices of United Community Bank.

Following the close of the transaction United Community has nine branches -- four in Lawrenceburg; one in Aurora; one in St. Leon; one in Osgood; one in Milan; and one in Versailles, and around $490 million in assets and $430 million in deposits.

Indiana-based United Community Bancorp is the holding company of United Community Bank, which operates nine offices and 12 ATMs in Dearborn County and Ripley County, Indiana, and has total assets of around $450 million.

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