United Community Banks Inc
Business Description
United Community Banks, Inc., a bank holding company registered under the Bank
Holding Company Act of 1956, as amended (the “BHC Act”), was incorporated
under the laws of Georgia in 1987 and commenced operations in 1988 by acquiring
100% of the outstanding shares of Union County Bank, Blairsville, Georgia, now
known as United Community Bank, Blairsville, Georgia.
Since the early 1990’s, United has actively expanded its market coverage
through organic growth complemented by selective acquisitions, primarily of banks
whose managements share United’s community banking and customer service
philosophies. Although those acquisitions have directly contributed to United’s
growth, their contribution has primarily been to provide United access to new
markets with attractive organic growth potential. Organic growth in assets includes
growth through existing offices as well as growth at de novo locations and post-acquisition
growth at acquired banking offices.
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