United Community Banks, Inc. and Peach State Bancshares, Inc., The Parent of Peach State Bank & Trust, Announce Merger Agreement

GREENVILLE, S.C., April 21, 2026 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NYSE: UCB) (“United”) and Peach State Bancshares, Inc. (“Peach State”) announced today the execution of a definitive merger agreement (the “Merger Agreement”) pursuant to which United will acquire Peach State, and its wholly-owned subsidiary, Peach State Bank & Trust (“Peach State Bank”), in a stock and cash transaction (the “Merger”).