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United Community Banks, Inc. Reports SEC Investigation Primarily Related to United's Deferred Tax Valuation Has Been Concluded

United Community Banks, Inc. Reports SEC Investigation Primarily Related to 
United's Deferred Tax Valuation Has Been Concluded and No
Enforcement Action Undertaken 
BLAIRSVILLE, GA -- (Marketwire) -- 03/25/13 --  United Community
Banks, Inc. ("United") (NASDAQ: UCBI) reported today that the
Securities and Exchange Commission ("SEC") has concluded its
investigation primarily related to United's deferred tax valuation
allowance and no regulatory enforcement action is to be undertaken.
As previously reported in its Current Report on Form 8-K filed on May
16, 2012, United received from the SEC's Division of Enforcement a
notice of investigation that included a subpoena seeking information
relating primarily to United's deferred tax asset valuation
allowance, the establishment of which resulted in certain
restatements of United's financial statements, and United's 2009 and
2010 goodwill impairment charges.  
"We are pleased to learn that the staff of the SEC had completed its
process and no enforcement action against United is to be
recommended. We place a premium on regulatory compliance in
everything we do. We are gratified this matter is over and fully
behind United," said Jimmy Tallent United's President and Chief
Executive Officer. 
About United Community Banks, Inc.
 Headquartered in Blairsville,
United Community Banks, Inc. is the third-largest bank holding
company in Georgia. United has assets of $6.8 billion and operates
103 banking offices throughout north Georgia, the Atlanta region,
coastal Georgia, western North Carolina, east Tennessee and northwest
South Carolina. United specializes in providing personalized
community banking services to individuals and small to mid-size
businesses and also offers the convenience of 24-hour access through
a network of ATMs, telephone and on-line banking. United's common
stock is listed on the Nasdaq Global Select Market under the symbol
UCBI. Additional information may be found at United's website at
www.ucbi.com. 
For more information:
Rex S. Schuette
Chief Financial Officer
(706) 781-2266
Rex_Schuette@ucbi.com