UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported):
July
9,
2007
United
Community Banks, Inc.
(Exact
name of registrant as specified in its charter)
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Georgia
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No.
0-21656
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No.
58-180-7304
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(State
or other jurisdiction of
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(Commission
File Number)
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(IRS
Employer
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incorporation)
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Identification
No.)
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63
Highway 515, P.O. Box 398
Blairsville,
Georgia 30512
(Address
of principal executive offices)
Registrant's
telephone number, including area code:
(706)
781-2265
Not
applicable
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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q
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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q
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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q
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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q
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240-13e-4(c))
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ITEM
5.02. ELECTION OF DIRECTORS.
On
July
9, 2007, the Board of Directors of United Community Banks, Inc. (the “Company”)
appointed John D. Stephens to serve as a director of the Company. To accommodate
the election of Mr. Stephens, the Board of Directors (the “Board”) also adopted
a resolution to increase the authorized number of directors on the Board.
Section 3.2 of Article III of the Bylaws of the Company provides that the
authorized number of directors of the Company shall be within a range of
eight
to fourteen directors, subject to determination by resolution of the Board
or by
the stockholders of the Company at the annual meeting. The exact number of
directors of the Company was increased from eleven to twelve effective as
of
July 9, 2007.
Mr. Stephens
has not yet been named to any committee of the Board.
ITEM
9.01 FINANCIAL
STATEMENTS AND EXHIBITS
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Exhibit
No.
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Description
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99.1
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Press
Release dated July 9, 2007
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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/s/
Rex S. Schuette
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|||
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Rex
S. Schuette
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|||
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Executive
Vice President and
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|||
| July 9, 2007 | Chief Financial Officer |
Exhibit
99.1
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For
Immediate Release
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Contact:
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Michael
A. Infante
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V.P.
Corporate Communications
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United
Community Banks, Inc.
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Blairsville,
Georgia 30512
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706
745 2151
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michael_infante@ucbi.com
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United
Community Banks, Inc. Elects John D. Stephens
To Board
of Directors
Blairsville,
GA - July 11, 2007
- United
Community Banks, Inc. (Nasdaq:
UCBI)
today
elected John D. Stephens to its holding company board of directors. Mr. Stephens
is a lifelong resident of Gwinnett County and is the founder of John D.
Stephens, Inc. and Stephens MDS, LP. He has been associated with the banking
industry since 1986. He served as Chairman of the Board of First Bank of
the
South, which has joined United Community Banks.
“Our
board has been invaluable in maintaining and improving the high performance
of
our company and its individual community banks,” said Jimmy Tallent, United
Community Banks’ president and chief executive officer. “We are proud to add a
person of John Stephens’ caliber to the United board. He certainly will continue
the tradition of strong leadership and direction that our board has provided
over the years.”
Commenting
on his election to the board, Mr. Stephens expressed his excitement at being
affiliated with United Community Banks at the board level. “United Community
Banks is very unique in the banking industry,” he said. “It does not operate
like one $8 billion dollar company, but 27 individual banks that focus on
delivering financial products and services in a community banking environment,
yet still have the resources of a much larger bank. Their board has been,
and
continues to be, very strong and committed to this mission. I look forward
to
working with them to build upon United’s success and growth.”
To
accommodate the election of Mr. Stephens, United’s Board of Directors has
adopted a resolution to increase the authorized number of directors from
11 to
12. The company’s bylaws allow for an authorized number of the directors to
range between eight and fourteen.
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 $8 billion and operates
27
community banks with 109 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. United Community Banks also offers the
convenience of 24-hour access 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 at www.ucbi.com.
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