MergerApr 21, 2026, 07:32 AM
United Community Banks to Acquire Peach State for $100.8M
AI Summary
United Community Banks, Inc. announced a definitive merger agreement to acquire Peach State Bancshares, Inc. for an aggregate value of $100.8 million in a stock and cash transaction. Peach State Bank & Trust, headquartered in Gainesville, Georgia, reported total assets of $788 million as of March 31, 2026. The acquisition is expected to be accretive to United's earnings per share by approximately $0.09 in 2027, increasing to $0.12 per share if United repurchases shares to offset dilution. This strategic move aims to strengthen United's presence in the fast-growing Gainesville area.
Key Highlights
- Aggregate merger value: $100.8 million.
- Expected EPS accretion: $0.09 per share in 2027.
- Peach State Bank reported $788 million in total assets.
- Consideration: 50% stock and 50% cash.
Price Impact
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