SOURCE: United Community Banks, Inc.

May 05, 2005 16:38 ET

United Community Banks, Inc. Declares Quarterly Dividend

BLAIRSVILLE, GA -- (MARKET WIRE) -- May 5, 2005 --United Community Banks, Inc. (NASDAQ: UCBI), Georgia's third largest bank holding company, announced that its Board of Directors declared a regular quarterly cash dividend of $.07 per common share. The dividend is payable July 1, 2005, to shareholders of record at the close of business June 15, 2005.

"This represents an annual cash dividend of $.28 per share, which is $.04 per share, or 17%, above the annual dividend rate for 2004," said Jimmy Tallent, President and Chief Executive Officer. "Our dividend policy reflects our continued strong performance and commitment to deliver value to our shareholders."

About United Community Banks, Inc.

Headquartered in Blairsville, United Community Banks is the third-largest bank holding company in Georgia. United Community Banks has assets of $5.3 billion and operates 24 community banks with 85 banking offices located throughout north Georgia, metro Atlanta, coastal Georgia, western North Carolina and east Tennessee. The company specializes in providing personalized community banking services to individuals and small to mid-size businesses in its markets. United Community Banks also offers the convenience of 24-hour access to its services through a network of ATMs, telephone and on-line banking. United Community Banks' common stock is listed on the Nasdaq National Market under the symbol UCBI. Additional information can be found at the company's web site, www.ucbi.com.

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