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Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events

On May 6, 2020, United’s Board of Directors approved a regular quarterly cash dividend of $0.18 per common share. The dividend is payable July 6, 2020, to shareholders of record on June 15, 2020.

Subsequent to quarter-end and through May 1, 2020, United had received SBA authorization for 11,256 PPP loans totaling $1.20 billion. In addition, through April 30, 2020, United had granted short-term deferrals on loans that were otherwise performing of approximately $1.40 billion, which included those granted prior to quarter-end.

The COVID-19 pandemic has disrupted and adversely affected United’s business and results of operations, and the ultimate impacts of the pandemic on United’s business, financial condition and results of operations will depend on future developments and other factors that are highly uncertain and will be impacted by the scope and duration of the pandemic and actions taken by governmental authorities in response to the pandemic.