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 $788 million. Peach State Bancshares operates Peach State Bank & Trust, headquartered in Gainesville, Georgia, serving retail and business customers through branches in Hall County, including Gainesville and Braselton. The company reported about $788 million in total assets, $498 million in total loans, and $713 million in total deposits as of March 31, 2026, supporting a focused community banking franchise. United Community Banks acquisitions are strategic acquisition and merger acquisition activity in financial services M&A, expanding presence in the Gainesville area near Atlanta. The announced merger agreement is a stock and cash transaction valued at $788 million, with expected close following definitive terms.