SOURCE: United Community Banks, Inc.

March 07, 2007 16:52 ET

United Community Banks to Be Added to S&P SmallCap 600

BLAIRSVILLE, GA -- (MARKET WIRE) -- March 7, 2007 -- United Community Banks, Inc. (NASDAQ: UCBI) is pleased to announce its inclusion in Standard & Poor's S&P SmallCap 600 index. The index is designed to be an efficient portfolio of companies that meet specific inclusion criteria to ensure that they are investable and financially viable. Standard & Poor's said that United will replace another company, which is being acquired, on a date to be later determined.

"United's inclusion in the index reflects our commitment to deliver superior performance and provides further evidence that our growth strategies are working," said Jimmy Tallent, president and chief executive officer of United Community Banks. "We believe in generating consistent, sustainable double-digit growth in earnings and reinvesting in our franchise while building long-term shareholder value."

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 $7.1 billion and operates 26 community banks with 102 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. United Community Banks also offers the convenience of 24-hour access through a network of ATMs, telephone and on-line banking. United Community Banks common stock is listed on the Nasdaq Global Select Market under the symbol UCBI. Additional information may be found at the company's web site at www.ucbi.com.

Contact Information

  • For more information:
    Rex S. Schuette
    Chief Financial Officer
    706-781-2265
    Email Contact