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United Community Banks, Inc. Announced Sale of Common Stock by Corsair Capital LLC


United Community Banks, Inc. UCBI, +0.15% ("United") today announced the sale of an aggregate of 7,300,047 voting shares of United's common stock by its largest shareholder, Corsair Capital LLC ("Corsair"), to J.P. Morgan Securities LLC as the sole underwriter in the registered public offering of those shares. Corsair will receive all of the net proceeds from this offering. After the sale, Corsair will no longer hold any shares of United's common stock. No shares are being sold by United.

United has filed a registration statement, including a prospectus, and a prospectus supplement with the U.S. Securities and Exchange Commission (the "SEC") for the offering to which this communication relates, which registration statement is effective. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents United has filed with the SEC for more complete information about United and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at Alternatively, copies of the prospectus and prospectus...