United Community Banks to acquire Peach State Bancshares for ~$99.1M in 50/50 cash-stock merger

Filed June 10, 2026 · ~2 min read

Key Changes

• high

  United Community Banks (UCB) is acquiring Peach State Bancshares in a merger valued at approximately $99.1 million, consisting of $92.2 million to common shareholders and $6.8 million to cash out stock options. Peach State shareholders will collectively own about 1% of the combined company post-merger.

  Business view on EDGAR →
• high

  Peach State shareholders may elect either $31.75 cash or 0.8978 UCB shares per share, subject to proration ensuring a 50/50 split. Based on UCB's June 5, 2026 closing price of $33.34, the stock consideration was worth approximately $29.93 per share. Shareholders may not receive their elected form of consideration due to proration.

  Risk Factors verify on EDGAR →
• high

  Peach State directors and executives holding 40.70% of shares have agreed to vote for the merger, effectively locking in approval. If the board changes its recommendation, their voting commitment drops to 35% pro rata. This concentration means the merger vote outcome is largely predetermined by insiders.

  Risk Factors verify on EDGAR →