MergerAug 3, 2026, 08:33 AM
United Community Banks Completes Merger with Peach State Bancshares
AI Summary
United Community Banks, Inc. announced the completion of its merger with Peach State Bancshares, Inc., effective August 1, 2026. Following this, Peach State Bank & Trust, a subsidiary, merged into United Community Bank. Peach State Bank, headquartered in Gainesville, Georgia, reported total assets of $784 million, total loans of $524 million, and total deposits of $707 million as of June 30, 2026. This acquisition deepens United's presence in Hall County, Georgia, with full integration expected by the first quarter of 2027.
Key Highlights
- United Community Banks completed its merger with Peach State Bancshares, Inc. effective August 1, 2026.
- Peach State Bank, a subsidiary, merged into United Community Bank.
- Peach State Bank reported total assets of $784 million as of June 30, 2026.
- Peach State Bank had total loans of $524 million and total deposits of $707 million.
- United Community Banks, Inc. had $29.1 billion in assets as of June 30, 2026.
- Core systems and branding conversion for Peach State Bank is expected in Q1 2027.
Price Impact
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