MergerAug 3, 2026, 08:52 AM
United Community Banks Completes Peach State Merger; Adds $784M Assets
AI Summary
United Community Banks, Inc. announced the completion of its merger with Peach State Bancshares, Inc., effective August 1, 2026. Following the merger, Peach State Bank & Trust, a subsidiary of Peach State Bancshares, was 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. The integration of Peach State Bank under the United Community brand is expected to be completed in 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 & Trust merged into United Community Bank.
- Peach State Bank will operate under the United Community brand after Q1 2027 conversion.
- Peach State Bank reported $784 million in total assets as of June 30, 2026.
- Peach State Bank had $524 million in total loans and $707 million in total deposits.
- Hovde Group and Wachtell, Lipton, Rosen & Katz advised United.
- Piper Sandler & Co. and Alston & Bird LLP advised Peach State.
Price Impact
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