Peach State shareholder election deadline set as United Community Banks merger nears close

Key takeaways

• —Peach State Bancshares shareholders must meet a deadline to elect their preferred form of merger consideration in United Community Banks' pending acquisition.
• —United Community Banks, Inc. (NYSE: UCB) and Peach State Bancshares announced the election deadline jointly on July 10.
• —Each Peach State shareholder must specify the form of consideration they want to receive before the deal closes.
• —The companies named an expected closing date for the transaction in their joint disclosure out of Greenville, S.C.
• —The joint notice was released via Globe Newswire, with United Community Banks as the acquiring party.