United Community Banks, Inc. Announces Quarterly Cash Dividends on Common and Preferred Stock

GREENVILLE, S.C., May 16, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company's common stock. The dividend is payable July 5, 2024 to shareholders of record as of June 15, 2023.

The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company's 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ:UCBIO). The dividend is payable June 15, 2024 to shareholders of record on May 31, 2024.

About United Community Banks, Inc.

United Community Banks, Inc. (NASDAQ:UCBI) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of March 31, 2024, United Community had $27.3 billion in assets, 205 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10-time winner of the J.D. Power's award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2023, United was named by American Banker as one of the "Best Banks to Work For" for the seventh consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World's Best Banks and one of America's Best Banks. Additional information about United can be found at ucbi.com.

For more information:

Jefferson Harralson

Chief Financial Officer

(864) 240-6208

[email protected]