Item 1.01 Entry into a Material Definitive Agreement

On June 17, 2020, United Community Banks, Inc. (the "Company") completed its previously announced public offering of $100,000,000 aggregate principal amount of its 5.000% Fixed-to-Floating Rate Senior Notes due 2030 (the "Notes").

The offering of the Notes was consummated pursuant to the terms of an Underwriting Agreement (the "Underwriting Agreement"), dated June 12, 2020, between the Company, as issuer, and U.S. Bancorp Investments, Inc., as the representative of the several underwriters listed on Schedule A thereto, and pursuant to the Company's registration statement dated April 20, 2018 on Form S-3 (File No. 333-224367), and subsequently amended by the Post-Effective Amendment No. 1 filed on June 3, 2020 (as so amended, the "Registration Statement"), as supplemented by the prospectus supplement, dated June 12, 2020 (the "Prospectus Supplement"), filed with the Securities and Exchange Commission on June 16, 2020. The Underwriting Agreement includes customary representations, warranties and covenants by the Company, indemnification rights and obligations of the parties and termination provisions.

The Notes were issued pursuant to the Indenture, dated as of June 17, 2020 (the "Base Indenture"), between the Company and U.S. Bank National Association, as trustee (the "Trustee"), as supplemented by the First Supplemental Indenture, dated as of June 17, 2020 (the "Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), between the Company and the Trustee.

The Notes will bear interest at a fixed rate of 5.000% per annum from and including June 17, 2020 to, but excluding, June 15, 2025 (the "Fixed Rate Period"). Interest accrued on the Notes during the Fixed Rate Period will be payable semi-annually in arrears on June 15 and December 15 of each year. The Notes will bear a floating interest rate from, and including June 15, 2025, to, but excluding, the maturity date (as defined in the prospectus supplement under the caption "Description of the Senior Notes - Interest") or earlier redemption date (the "Floating Rate Period"). The floating interest rate will be reset quarterly, and the interest rate for any Floating Rate Period shall be equal to a benchmark rate, expected to be the then-current Three-Month Term SOFR, plus 487 basis points for each quarterly interest period during the Floating Rate Period. During the Floating Rate Period, interest on the Notes will be payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year.

The Senior Notes are redeemable, in whole or in part, at the option of the Company on any interest payment date on or after June 15, 2025. The redemption price will be equal to 100% of the principal amount of the Senior Notes being redeemed, plus accrued and unpaid interest to but excluding the redemption date. The Company will provide 30 to 60 calendar days' notice of the redemption to the registered holders of the Senior Notes. Other than as set forth in this paragraph, the Senior Notes are not redeemable prior to maturity.

The foregoing descriptions of the Underwriting Agreement, the Indenture and the Notes are each qualified in their entirety by reference to the full text of the Underwriting Agreement, the Base Indenture and the Supplemental Indenture and the Notes, respectively, copies of which are attached hereto as Exhibit 1.1, Exhibit 4.1, Exhibit 4.2, and Exhibit 4.3, respectively, and are incorporated herein by reference. A copy of the opinion of Squire Patton Boggs (US) LLP, counsel to the Company, relating to the legality of the Notes is filed as Exhibit 5.1 hereto.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an


           Off-Balance Sheet Arrangement of a Registrant.

The information regarding the Notes and the Indenture set forth in Item 1.01 is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits






(d)    Exhibits.



Exhibit No.                                 Description
    1.1         Underwriting Agreement, dated June 12, 2020
    4.1         Indenture, dated as of June 17, 2020, by and between United Community
              Banks, Inc. and U.S. Bank National Association, as trustee
    4.2         First Supplemental Indenture, dated as of June 17, 2020, by and
              between United Community Banks, Inc. and U.S. Bank National Association,
              as trustee
    4.3         Form of 5.000% Fixed-to-Floating Senior Notes due 2030 (attached as
              Exhibit A in Exhibit 4.2 hereto)
    5.1         Opinion of Squire Patton Boggs (US) LLP
   23.1         Consent of Squire Patton Boggs (US) LLP (included in Exhibit 5.1
              hereto)
    104       Cover Page Interactive Data File (embedded within the Inline XBRL
              document).

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