Peach State Bancshares Acquired by United Community Banks | Financial Services M&A Deal

United Community Banks has acquired Peach State Bancshares, a banking business in South Carolina, for $31.75. Peach State Bancshares operates in the financial services sector through banking operations serving customers in the region, supporting United Community Banks acquisitions focused on expanding deposit and lending capabilities. United Community Banks acquisitions are positioned as a merger acquisition and strategic acquisition to strengthen its footprint in SC and deepen its banking acquisition strategy. The financial services M&A deal is announced as a strategic acquisition, with the merger acquisition structure filed on Form S-4 and an expected close upon completion of the merger process.