MergerJul 10, 2026, 09:03 AM
United Community Banks Sets Peach State Merger Election Deadline July 20
AI Summary
United Community Banks, Inc. and Peach State Bancshares, Inc. announced the election deadline for Peach State shareholders to choose their preferred merger consideration. The deadline is July 20, 2026, at 5:00 p.m. Eastern Time. United has received all necessary regulatory approvals, and the merger is expected to close on August 3, 2026, subject to remaining conditions. Shareholders can elect to receive either $31.75 in cash or 0.8978 shares of United common stock per share, with the overall consideration prorated to be 50% cash and 50% stock.
Key Highlights
- Peach State shareholders' election deadline is July 20, 2026, at 5:00 p.m. ET.
- Merger consideration: $31.75 cash or 0.8978 shares of United common stock per Peach State share.
- Consideration is subject to proration for 50% cash and 50% United stock overall.
- United has received all required regulatory approvals for the acquisition.
- Closing of the transaction is expected to occur on August 3, 2026.
- United Community Banks, Inc. had $28.2 billion in assets as of March 31, 2026.
- Peach State Bank & Trust had $788 million in assets as of March 31, 2026.
Price Impact
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