NYSE:UCBBanks
United Community Banks Balances Local Expansion With New Candid Therapeutics Exposure
United Community Banks (NYSE:UCB) plans to acquire Peach State Bancshares, with regulatory and shareholder approval targeted by the third quarter of 2026.
The company also announced an agreement to acquire Candid Therapeutics in a deal valued at up to US$2.2b.
These transactions expand UCB's reach in traditional banking while adding exposure to a new business segment through Candid Therapeutics.
United Community Banks operates as a regional banking company, so adding Peach State Bancshares...