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 Georgia, for $100.8 million. Peach State Bancshares operates as a community bank serving customers in the Gainesville, GA market, with a sub-80% loan-to-deposit ratio that supports balance-sheet flexibility. United Community Banks acquisitions aim to extend commercial and consumer banking presence near Atlanta through a strategic acquisition and merger acquisition platform in financial services deals GA. The Peach State Bancshares acquisition is a strategic acquisition announced as a merger acquisition, representing UCB’s seventh whole-bank transaction since 2020 and expanding United Community Banks acquisitions across Georgia.