United Community Banks Sets August 3 Closing for Peach State Merger After Regulatory Nod
UCB sits 24% above its 52-week low of $28.65.
Summary
United Community Banks and Peach State Bancshares announced that all required regulatory approvals have been obtained for their merger, which is now expected to close on August 3, 2026. The deal, originally announced in April for $100.8 million, is proceeding on schedule. Peach State shareholders have until July 20 to elect between $31.75 cash or 0.8978 UCB shares per share, subject to proration. The final step is Peach State shareholder approval.
At the time of this announcement, UCB was trading at $35.39 on NYSE in the Finance sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $28.65 to $36.77. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.