Peach State to Merge with United Community Bank
Have you heard our big news? Peach State Bank is merging with our Hall County neighbor, United Community Bank, to expand our services and locations further across the region.
United Community Banks, which is publicly traded (NYSE: UCB), announced its acquisition of Peach State on April 21 in a $100 million merger that catapults United into Hall County’s No. 1 bank in market share. Together, our two banks currently hold approximately 26 percent of customer deposits in Hall County.
Our president Ron Quinn has been named chairman of United Community Bank-Hall County. He will be working closely on transition plans with Jack Keener, United’s state president for North Georgia, and Mitch Ralston, president of United’s Hall County bank.
“This is a perfect culture fit that was extremely important in our decision to merge,” Quinn said. “United Community Bank reinvests its Hall County deposits back into the community just like Peach State, and we both feature the region’s top bankers. This is a win-win for our community as well as our customers and shareholders.”
For customers, the transition should be seamless because both banks share many of the same products and services. You’ll also benefit from more branch locations in Gainesville, Oakwood and Clermont, while United’s customers in South Hall will now have access to our new Braselton location.
“A lot of customers know Peach State for our special events such as the annual BLT sandwich luncheon, and you’ll be happy to know that United will continue to support these popular gatherings,” Quinn said.
As Peach State has grown in size, it was only a matter of time before we expanded outside our Hall County base. “With this local merger, we achieved our growth strategy while both banks are fulfilling their mission as community banks.”
You won’t see many changes such as new signage until early next year. But we will continue to keep you informed throughout our transition on our website.
If you have any questions, please contact Ron Quinn at 770.536.1100. We look forward to providing the same high level of service you’ve come to expect as we begin this next chapter together.
More about United Community Bank: A top 100 U.S. financial institution committed to building stronger communities along with the financial health and well-being of its customers. United offers a full range of banking, mortgage and wealth management services. The bank began in 1950 as Union County Bank in Blairsville, Ga. Since then, holding company United Community Banks has grown into a $28.2 billion corporation with over 200 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee.