Gainesville-Based Peach State Bank Has Been Acquired by United Community Bank

UCB to add heft near Atlanta with latest bank deal

The South Carolina-based bank agreed to pay more than $100 million to acquire a longtime competitor in fast-growing Hall County, Georgia.

Gainesville-based Peach State Bank has been acquired by United Community Bank

United Community Banks has acquired Gainesville-based Peach State Bancshares Inc., according to a press release Tuesday, April 21.

United Community Banks to Acquire Peach State Bancshares in $100.8 Million Deal

United Community Banks has agreed to acquire Peach State Bancshares, the parent company of Peach State Bank & Trust, in a $100.8 million cash-and-stock transaction that expands United’s presence in Northeast Georgia and deepens its franchise in the fast-growing Gainesville market. The deal adds a community bank with $788 million in assets, $498 million in loans, and $713 million in deposits as of March 31, 2026. Peach State Bank operates two bra…