Bailout Bank Bio: United Community Banks

Mar 24, 2009 | 2 min read | Print Article

United Community Banks, Inc. is a bank holding company that conducts its operations through United Community Bank, Brevard, North Carolina, and United Community Bank, Blairsville, Georgia (collectively the Bank). Substantially all of United’s activities were conducted by the Bank. As of April 24, 2008, the company operated 109 banking offices located in north Georgia, the Atlanta region, coastal Georgia, western North Carolina, and east Tennessee. United Community Banks was founded in 1950 and is headquartered in Blairsville, Georgia. In June 2007, United acquired Gwinnett Commercial Group, Inc. and its wholly owned subsidiary First Bank of the South.

In December United Community began participating in the Treasury Department’s Capital Purchase program. Under the program the company received $180 million from Treasury in exchange for preferred stock and warrants.

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Bailout Bank Bio: United Community Banks


Federal Equity Investment	$180 million
Total Revenue	$613.93 million
Net Income	$57.99 million
Number of Employees	2,026
Corporate Headquarters	Blairsville, Georgia
Business Sector	Bank
Officers and Directors	Tallent, Jimmy, President, Chief Executive Officer, Director Head, Robert, Chairman of the Board Other Officers and Directors
Corporate Website	http://www.ucbi.com
Executive Compensation	United Community Banks, Inc.