United Community Banks, Inc. Announces Completion Of Merger With Peach State Bancshares, Inc., The Parent Company Of Peach State Bank & Trust

GREENVILLE, S.C., Aug. 03, 2026 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”) completed its merger with Peach State Bancshares, Inc. (“Peach State”) effective August 1, 2026 whereby Peach State merged with and into United with United continuing as the surviving company (the “Merger”). Immediately following the Merger, Peach State’s wholly-owned subsidiary, Peach State Bank & Trust (“Peach State Bank”), was merged with and into United’s wholly-owned bank subsidiary, United Community Bank (“United Community”). Peach State Bank will operate under the United Community brand after all core systems, signage, and branding are converted to those of United Community, which is expected to occur in the first quarter of 2027.

Peach State Bank is headquartered in Gainesville, Georgia, a fast-growing city in Hall County, located approximately fifty miles northeast of Atlanta. Founded in 2005, Peach State Bank has been built on a foundation of exceptional customer service and community commitment. It is an established and respected franchise with an experienced management team led by President and Chief Executive Officer Ron Quinn. Peach State Bank’s high-touch, personalized approach to customer service is delivered to retail and business customers across two locations in Hall County, with branches in Gainesville and Braselton. As of June 30, 2026, Peach State Bank reported total assets of $784 million, with total loans of $524 million, and total deposits of $707 million.