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United Community to acquire Peach State Bancshares

PUBLIC · UCBApr 21, 2026

Acquiring Company

United Community Banks

Acquired Company

Peach State Bancshares

GreenvilleGainesvilleFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBanking

Description

United Community Banks, Inc. has executed a definitive merger agreement to acquire Peach State Bancshares, Inc. The merger includes Peach State Bank, and the total transaction value is approximately $100.8 million. Under the agreement, Peach State shareholders may choose cash or stock as consideration. The merger is expected to enhance United's earnings per share in 2027.

Quick answer

United Community Banks is acquiring Peach State Bancshares, announced April 21, 2026. United Community Banks is based in Greenville, South Carolina, United States.

How much did United Community Banks pay for Peach State Bancshares?
The deal value was not disclosed.
What does United Community Banks do?
United Community Banks, Inc. (NASDAQ: UCBI) is the financial holding company for United Community, a top 100 US financial institution that is committed to improving the financial health and well-being of its customers..
Where are United Community Banks and Peach State Bancshares based?
United Community Banks is based in Greenville, South Carolina, United States. Peach State Bancshares is based in Gainesville, Georgia, United States.
Who are the decision-makers at United Community Banks?
Fundz holds 1 contact at United Community Banks. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

United Community Banks

Location

Greenville, South Carolina, United States

About

United Community Banks, Inc. (NASDAQ: UCBI) is the financial holding company for United Community, a top 100 US financial institution that is committed to improving the financial health and well-being of its customers and ultimately the communities it serves. United Community provides a full range of banking, wealth management, and mortgage services. As of September 30, 2023, United Community has $26.9 billion in assets and 205 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment financing subsidiary. United Community has been recognized nationally as a leader in customer service, financial performance, and workplace environment. Among the accolades, United Community is a nine-time winner of the J.D. Power award that ranked the bank #1 in customer satisfaction with consumer banking in the Southeast and was recognized in 2023 by Forbes as one of the World's Best Banks and one of America's Best Banks. United Community was also recognized by Newsweek in 2023 as one of the Most Trusted Companies in America, is a multi-award recipient of the Greenwich Excellence Awards and was named by American Banker as one of the "Best Banks to Work For" in 2023 for the seventh consecutive year. Additional information about United Community can be found at ucbi.com. SOURCE United Community Bank

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Frequently asked

Who acquired Peach State Bancshares?

Peach State Bancshares was acquired by United Community Banks, based in Greenville. The deal was reported on April 21, 2026. United Community Banks, Inc. United Community Banks is publicly traded (UCB) and operates in Financial Services.

When did United Community Banks acquire Peach State Bancshares?

United Community Banks's acquisition of Peach State Bancshares was reported on April 21, 2026. United Community Banks, Inc. has executed a definitive merger agreement to acquire Peach State Bancshares, Inc. The merger includes Peach State Bank, and the total transaction value is approximately $100.8 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Peach State Bancshares do?

Peach State Bancshares, Inc. is the parent company of Peach State Bank & Trust. Founded in 2005, the bank is known for its commitment to customer service and community support. It is privately held, operating in Financial Services, and is based in Gainesville.

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