United Community Banks announces redemption of shares of Preferred Stock

Redemption Announcement: United Community Banks will redeem all outstanding shares of its 6.875% Series I Non-Cumulative Perpetual Preferred Stock on September 15, reflecting active capital management.

Payment Details: The cash redemption price is set at $25,000 per share, totaling an aggregate liquidation preference of $88 million, which will be paid using cash on hand.

Dividend Payment: Holders of the Preferred Stock will receive a previously declared dividend payment on the Redemption Date, prior to the redemption process.

Termination of Rights: After the Redemption Date, dividends will cease to accrue, and all rights associated with the Preferred Stock and Depositary Shares will terminate, except for the right to receive the Redemption Price.