Item 8.01 Other Events.
On September 30, 2009, United Community Banks, Inc. (the "Company") completed
the sale of 44,505,000 shares of its common stock, $1.00 par value per share, at
public offering price of $5.00 per share, including 5,805,000 shares which were
sold to the underwriters pursuant to an option to purchase additional shares to
cover any over-allotments. Sandler O'Neill + Partners, L.P. and SunTrust
Robinson Humphrey served as joint book-running managers for the offering and
Raymond James served as co-manager. The option to purchase additional shares was
exercised by the underwriters on September 30, 2009.
The net proceeds from the offering, including the shares issued pursuant to the
option exercise, totaled approximately $210.9 million, after deducting fees and
estimated offering expenses payable by the Company.
On September 30, 2009, the Company issued a press release announcing the
completion of the Company's public offering and the exercise of the option. A
copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
99.1 Press Release, dated September 30, 2009, announcing the completion of
the Company's public offering of its common stock and the exercise of
the option to purchase additional shares by the underwriters.