United Community Banks (NYSE: UCB) names industry veteran Carl Carande to board
Rhea-AI Filing Summary
United Community Banks, Inc. appointed Carl S. Carande to its Board of Directors effective August 1, 2026, increasing the Board from 12 to 13 members. He will serve until the next annual meeting and join the Board’s Risk Committee and the board of its banking subsidiary.
Carande brings a 40-year career in financial services and Big Four consulting, including senior advisory roles at KPMG and leadership experience at Bank of America. United Community Banks had $29.1 billion in assets and operated 200 offices across six Southeastern states as of June 30, 2026.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Board size after appointment: 13 directors
Total assets: $29.1 billion
Offices operated: 200 offices
+3 more
6 metrics
Board size after appointment
13 directors
The Board increased from 12 to 13 directors when Carl S. Carande was appointed effective August 1, 2026.
Total assets
$29.1 billion
As of June 30, 2026, United Community Banks, Inc. had $29.1 billion in assets.
Offices operated
200 offices
As of June 30, 2026, the company operated 200 offices across six Southeastern states.
Career length
40 years
Carl S. Carande retired in 2025 following a 40-year career in financial services and Big Four consulting.
Tenure at KPMG
25 years
Carande spent 25 years with KPMG LLP, including senior leadership roles such as Global Head of Advisory.
Revenue of product suite managed at Bank of America
$1.4 billion
At Bank of America, Carande managed pricing and analysis for a cash-management product suite that generated $1.4 billion in revenue.
Key Terms
Regulation FD, related party transaction, financial holding company, enterprise risk, +2 more
6 terms
Regulation FD regulatory
"Item 7.01 Regulation FD Disclosure."
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
financial holding company financial
"is the financial holding company for United Community"
A financial holding company is a parent firm that owns and oversees banks and other financial businesses, such as lending, insurance, or investment services. It matters to investors because it bundles several money-making activities under one roof—like a parent managing several children—so returns, risks, and regulatory rules for banking apply to the whole group; trouble in one unit can affect the company’s profits, capital needs, and dividends.
enterprise risk financial
"complex integrations, enterprise risk, and performance improvement"
Enterprise risk is the combined set of major threats and uncertainties across an entire organization—financial, operational, regulatory, strategic, or reputational—that can prevent it from meeting goals or producing returns. Investors care because these risks influence future cash flows, costs, and the company’s long-term value; assessing enterprise risk is like checking a ship’s watertight compartments to judge how well it will survive storms and continue delivering returns.
Business Integration Risk Management technical
"developed a Business Integration Risk Management offering"
SBA lending franchise financial
"manages a nationally recognized SBA lending franchise"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board change did United Community Banks (UCB) announce regarding Carl Carande?
United Community Banks appointed Carl S. Carande to its Board of Directors effective August 1, 2026, increasing the Board from 12 to 13 members. He will serve until the next annual meeting and sit on the Board’s Risk Committee and the bank subsidiary’s board.
What experience does Carl Carande bring to the United Community Banks (UCB) board?
Carl Carande brings a 40-year career in financial services and Big Four consulting. He spent 25 years at KPMG, including roles as Global Head of Advisory and U.S. Advisory Vice Chair, and previously led a $1.4 billion revenue cash-management product suite at Bank of America.
How large is United Community Banks (UCB) based on assets and branch network?
As of June 30, 2026, United Community Banks had $29.1 billion in assets and operated 200 offices. Its footprint spans Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, reflecting a sizable regional banking presence in the U.S. Southeast.
Will Carl Carande receive the standard director compensation at United Community Banks (UCB)?
Carl Carande will participate in the existing director compensation arrangements applicable to United Community’s non-employee directors, as described in the company’s 2026 proxy statement. No special arrangements or related party transactions were disclosed in connection with his appointment.
How did United Community Banks (UCB) communicate Carl Carande’s appointment to investors?
United Community furnished a press release as an exhibit in connection with Carl Carande’s appointment, under a Regulation FD disclosure item. The release outlines his background, board role, and the bank’s scale and markets as of June 30, 2026.
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): August 1, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission file number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices)
Registrant’s telephone number, including area code:
(800 ) 822-2651
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:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective August 1, 2026, the Board of Directors (the “Board”) of United Community Banks, Inc. (the “Company”) appointed Carl Carande to serve as a Board member until the Company’s next annual meeting of shareholders. The Board increased the size of the Board from 12 to 13 directors and appointed Mr. Carande as a director to fill the vacancy created by the increase. Mr. Carande also was appointed as a member of the Board of Directors of the Company’s wholly-owned banking subsidiary, United Community Bank (the “Bank”).
Mr. Carande was also appointed as a member of the Board’s Risk Committee. At this time, the Board has not determined any other Board committees to which Mr. Carande may be appointed.
Mr. Carande will participate in the current director compensation arrangements generally applicable to the Company’s non-employee directors as described in the Company’s Proxy Statement filed in connection with the 2026 Annual Meeting of Shareholders. There are no arrangements or understandings between Mr. Carande and other persons pursuant to which he was selected as a director. Mr. Carande has not engaged in any transaction with the Company that would be reportable as a related party transaction under Item 404(a) of Securities and Exchange Commission Regulation S-K.
Mr. Carande retired in 2025 from KPMG LLP (“KPMG”) following a 40-year career in financial services and Big Four accounting consulting. He joined KPMG in 2001, thereafter holding a number of professional roles, and most recently serving as KPMG International Head of Global Advisory since 2020. Prior to his tenure at KPMG, Mr. Carande served in leadership capacities with various financial institutions, including Global Pricing and Analytics Director, Corporate Cash Management, at Bank of America from 1994 to 1997.
Item 7.01 Regulation FD Disclosure.
In connection with the appointment of Mr. Carande to the Board, the Company issued the press release that is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. | ||||
| (d) | Exhibits | ||||
| EXHIBIT INDEX | |||||
| Exhibit No. | Description of Exhibit | ||||
99.1 | United Community Banks, Inc. Press Release, dated August 3, 2026 (furnished only). | ||||
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| UNITED COMMUNITY BANKS, INC. | ||||||||
| By: | /s/ Jefferson L. Harralson | |||||||
| Name: | Jefferson L. Harralson | |||||||
| Title: | Executive Vice President and Chief Financial Officer | |||||||
| Date: August 3, 2026 | ||||||||
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact:
Joy Marshall
joy_marshall@ucbi.com
(864) 241-8738
United Community Banks, Inc. Appoints Industry Veteran Carl S. Carande to Board of Directors
Greenville, S.C., August 3, 2026 – United Community Banks, Inc. (NYSE: UCB) (“United”) is pleased to announce the appointment of Carl S. Carande to its Board of Directors.
Carande brings a distinguished 40 years of experience in financial services and Big Four consulting, including advising CEOs and boards across multiple industries. His expertise spans finance, enterprise risk, technology, talent and organizational strategy, with a focus on helping global organizations grow while strengthening accountability and agility.
Carande spent 25 years with KPMG LLP, where he held several senior leadership roles, including Global Head of Advisory and U.S. Advisory Vice Chair. During his tenure, he rebuilt the firm’s Southeast Advisory practice into a major growth platform and developed a Business Integration Risk Management offering focused on post-merger execution and operational risk. He also helped establish a cohesive framework for KPMG’s global Advisory business, strengthening performance discipline, business development, and digital capabilities across the organization.
“Carl is a highly respected leader in the financial industry and will further strengthen United’s experienced Board of Directors,” said United Community Chairman and CEO Lynn Harton. “We are honored to welcome him to our team and look forward to working together to advance our long-term success.”
"Carl has advised financial institutions and multinational companies on complex integrations, enterprise risk, and performance improvement throughout his career,” Lead Director Thomas Richlovsky added. “His strategic perspective will be a valuable addition to our Board as United continues to grow and serve our customers and communities.”
Prior to joining KPMG, Carande was the global director of corporate cash management pricing and analysis for Bank of America. In this role, he was responsible for managing a pricing and analysis function across a cash-management product suite that generated $1.4 billion in revenue.
"I am honored to join the United Community Board,” said Carande. “United has built a strong organization grounded in exceptional service and a meaningful commitment to its communities. I look
forward to working with the Board and leadership team as the company continues to grow and build upon that success.”
Carande received his Master of Business Administration from Golden Gate University and a Bachelor of Science in organizational systems design from California State University, Northridge.
For the full list of the United Community Banks, Inc. Board of Directors, please visit https://ir.ucbi.com/corporate-governance/board-directors.
About United Community Banks, Inc.
United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top-100 U.S. financial institution committed to building stronger communities and improving the financial health and well-being of its customers. United Community offers a full range of banking, mortgage and wealth management services. As of June 30, 2026, United Community Banks, Inc. had $29.1 billion in assets and operated 200 offices across Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. The company also manages a nationally recognized SBA lending franchise and an equipment finance subsidiary, extending its reach to businesses across the country. United Community is the most awarded bank in the Southeast for Retail Banking Customer Satisfaction by J.D. Power, earning more awards than any other bank in the region, including recognition in 12 of the last 17 years. The company has also been named one of the “Best Banks to Work For” by American Banker for nine consecutive years. In commercial banking, United earned multiple 2026 Greenwich Best Bank awards for Small Business Banking. Forbes has consistently named United among the World’s Best and America’s Best Banks. Learn more at www.ucbi.com.
United Community Banks, Inc. (NYSE: UCB) is the financial holding company for United Community, a top-100 U.S. financial institution committed to building stronger communities and improving the financial health and well-being of its customers. United Community offers a full range of banking, mortgage and wealth management services. As of June 30, 2026, United Community Banks, Inc. had $29.1 billion in assets and operated 200 offices across Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. The company also manages a nationally recognized SBA lending franchise and an equipment finance subsidiary, extending its reach to businesses across the country. United Community is the most awarded bank in the Southeast for Retail Banking Customer Satisfaction by J.D. Power, earning more awards than any other bank in the region, including recognition in 12 of the last 17 years. The company has also been named one of the “Best Banks to Work For” by American Banker for nine consecutive years. In commercial banking, United earned multiple 2026 Greenwich Best Bank awards for Small Business Banking. Forbes has consistently named United among the World’s Best and America’s Best Banks. Learn more at www.ucbi.com.