United Community Banks, Inc. (NYSE: UCB) (“United”) completed its merger with Peach State Bancshares, Inc. (“Peach State”) effective August 1, 2026 whereby Peach State merged with and into United with United continuing as the surviving company (the “Merger”). Immediately following the Merger, Peach State’s wholly-owned subsidiary, Peach State Bank & Trust (“Peach State Bank”), was merged with and into United’s wholly-owned bank subsidiary, United Community Bank (“United Community”). Peach State Bank will operate under the United Community brand after all core systems, signage, and branding are converted to those of United Community, which is expected to occur in the first quarter of 2027.

Peach State Bank is headquartered in Gainesville, Georgia, a fast-growing city in Hall County, located approximately fifty miles northeast of Atlanta. Founded in 2005, Peach State Bank has been built on a foundation of exceptional customer service and community commitment. It is an established and respected franchise with an experienced management team led by President and Chief Executive Officer Ron Quinn. Peach State Bank’s high-touch, personalized approach to customer service is delivered to retail and business customers across two locations in Hall County, with branches in Gainesville and Braselton. As of June 30, 2026, Peach State Bank reported total assets of $784 million, with total loans of $524 million, and total deposits of $707 million.

“We are thrilled to welcome Peach State’s talented team to United Community. Their culture and approach to community engagement, customer service, and the employee experience is very similar to ours,” said Lynn Harton, Chairman and Chief Executive Officer of United. “This partnership deepens our longstanding presence in Hall County and will enable us to better serve the local community.”

Ron Quinn, President and Chief Executive Officer of Peach State Bank, said, “We have spent many years building a strong team and serving our customers in Hall County, and we are excited about this next phase of our growth, which will be amplified by our partnership with United Community. Their focus on customer service and employee engagement will ensure that we will continue to provide best in class service to our customers.”

Hovde Group, LLC acted as financial advisor to United, and Wachtell, Lipton, Rosen & Katz served as United’s legal advisor. Piper Sandler & Co. served as Peach State’s financial advisor, and Alston & Bird LLP served as Peach State’s legal advisor.