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

United Community Banks has agreed to acquire Peach State Bancshares, a banking business in Georgia, for $788 million. United Community Banks acquisitions expand its footprint in Gainesville and Braselton through Peach State Bank & Trust, which serves retail and business customers with total assets of about $788 million, loans of $498 million, and deposits of $713 million as of March 31, 2026. Peach State Bancshares acquisition strengthens United’s presence in fast-growing Hall County, supporting a strategic acquisition focused on community banking and local customer relationships. The merger acquisition is a stock and cash financial services M&A transaction, with United acting as a strategic buyer in GA acquisitions; the definitive merger agreement was announced April 21, 2026.