United Community Banks, Inc.
Jul 24, 2006

United Community Banks, Inc. Declares Quarterly Dividend

BLAIRSVILLE, GA, Jul 24, 2006 (MARKET WIRE via COMTEX News Network) -- United Community Banks, Inc. (NASDAQ: UCBI), Georgia's third-largest bank holding company, announced that its Board of Directors declared a regular quarterly cash dividend of $.08 per common share. The dividend is payable October 2, 2006, to shareholders of record at the close of business September 15, 2006.

"This represents an annual cash dividend of $.32 per share, which is $.04 per share, or 14%, above the annual dividend rate for 2005," said Jimmy Tallent, President and Chief Executive Officer. "It also represents a dividend payout ratio of 20% of earnings, reflecting our strong performance and commitment to deliver value to our shareholders."

About United Community Banks, Inc.

Headquartered in Blairsville, United Community Banks is the third-largest bank holding company in Georgia. United Community Banks has assets of $6.1 billion and operates 25 community banks with 94 banking offices located throughout north Georgia, metro Atlanta, coastal Georgia, western North Carolina and east Tennessee. The company specializes in providing personalized community banking services to individuals and small to mid-size businesses in its markets. United Community Banks also offers the convenience of 24-hour access to its services through a network of ATMs, telephone and on-line banking. United Community Banks' common stock is listed on the Nasdaq Global Select Market under the symbol UCBI. Additional information may be found at the company's web site, www.ucbi.com.

For more information:
Rex S. Schuette
Chief Financial Officer
(706) 781-2265


SOURCE: United Community Banks, Inc.