SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________
FORM 10-K Amendment No. 1
/x/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 1997
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ___________ to _____________
Commission File Number 0-21656
United Community Banks, Inc.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Georgia 58-180-7304
(State or other jurisdiction (I.R.S. Employer
of incorporation or Identification No.)
organization)
59 Highway 515, P.O. Box 398,
Blairsville, Georgia 30512
-------------------------------------------
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (706) 745-2151
Securities registered pursuant to Section 12(b) of the Act: None
Name of exchange on which registered: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $1.00 par value
Indicate by check mark whether the Registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the Registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes /X/ No / /
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein
and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this
Form 10-K. / /
Aggregate market value of the voting stock held by non-
affiliates (which for purposes hereof are all holders other than
executive officers and directors) of the Registrant as of March
17, 1998: $153,602,490 (based on 5,120,083 shares at $30 per
share, the last sale price known to the Registrant for the Common
Stock, for which there is no established public trading market.
As of March 17, 1998, 7,646,209 shares of Common Stock were
issued and outstanding, par value $1.00 per share, including
140,000 shares deemed outstanding pursuant to 2006 Debentures and
presently exercisable options to acquire 121,604 shares.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the Registrant's annual report to shareholders for
the fiscal year ended December 31, 1997, contained in Appendix A
to the Registrant's definitive Proxy Statement for the 1998
Annual Meeting of Shareholders, to be filed with the Commission,
are incorporated by reference into Parts I and II. Portions of
the Registrant's definitive Proxy Statement for the 1998 Annual
Meeting of Shareholders, to be filed with the Commission, are
incorporated into Part III.
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON
FORM 8-K.
3. Exhibits.
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The following exhibits are required to be filed with this
Report on Form 10-K by Item 601 of Regulation S-K:
27.1 - Amended Financial Data Schedule.
27.2 - Restated Financial Data Schedule (1996)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, United has duly caused this Report on Form 10-K/A to be
signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Blairsville, State of Georgia, on the
24th of March, 1998.
UNITED COMMUNITY BANKS, INC.
(Registrant)
By: /s/ Christopher J. Bledsoe
Title: Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
27.1 Amended Financial Data Schedule for the year ended
December 31, 1997
27.2 Restated Financial Data Schedule for the year ended
December 31, 1996
9
0000857855
UNITED COMMUNITY BANKS
1,000
YEAR
DEC-31-1997
DEC-31-1997
60,414
0
8,420
0
143,894
69,559
70,845
823,324
10,352
1,153,357
977,079
33,011
7,274
60,890
0
0
7,385
67,728
1,153,357
76,722
11,416
1,642
89,780
42,868
46,548
43,232
2,634
426
32,077
15,501
15,501
0
0
10,735
1.47
1.46
4.64
515
536
0
0
8,125
797
390
10,352
0
0
10,352
9
0000857855
UNITED COMMUNITY BANKS
1,000
YEAR
DEC-31-1996
DEC-31-1996
28,085
0
24,585
0
81,264
77,326
77,625
634,574
8,125
886,103
773,300
0
6,101
49,027
0
0
7,085
50,590
886,103
57,978
8,730
1,198
67,906
32,161
34,091
33,815
1,597
(13)
24,843
13,041
13,041
0
0
8,927
1.29
1.26
4.85
984
487
0
0
6,884
695
339
8,125
0
0
8,125
