BLAIRSVILLE, Ga., May 27, 2015 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (Nasdaq:UCBI), reported that its Board of Directors declared a regular quarterly cash dividend of five cents per common share. The dividend is payable July 1, 2015, to shareholders of record on June 15, 2015.
"The quarterly cash dividend represents a payout ratio of 17 percent based on our most recently reported quarterly earnings," stated Chairman and Chief Executive Officer Jimmy Tallent. "We're investing in diverse services that customers want and need; in capabilities that make banking with us easier; in markets that add value and where we can add value; and in the talent upon which all of this depends. This quarterly dividend is a reflection of our strategies at work to grow our business and we are very excited about the future."
About United Community Banks, Inc.
United Community Banks, Inc. (UCBI) is a bank holding company based in Blairsville, Georgia, with $8.1 billion in assets. The company's banking subsidiary, United Community Bank, is one of the Southeast's largest full-service banks, operating 114 offices in Georgia, North Carolina, South Carolina and Tennessee. The bank specializes in personalized community banking services for individuals, small businesses and corporations. A full range of consumer and commercial banking services includes mortgage, advisory, treasury management and other products. In 2014 and 2015, United Community Bank was ranked first in customer satisfaction in the Southeast by J.D. Power and in 2015 was ranked fourteenth on the Forbes list of America's Best Banks. Additional information about the company and the bank's full range of products and services can be found at www.ucbi.com.
CONTACT: For more information: Rex S. Schuette Chief Financial Officer (706) 781-2266 Rex_Schuette@ucbi.com
Source:United Community Banks, Inc.