EX-FILING FEES
Calculation of Filing Fee Tables
Form S-4
(Form Type)
United Community Banks, Inc.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward Securities
Security Type | Security Class Title | Fee Calculation or Carry Forward Rule | Amount Registered | Proposed Maximum Offering Price Per Unit | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial Effective Date | Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward | ||||||||||||||||
Newly Registered Securities | |||||||||||||||||||||||||||
Fees to be Paid | Equity | Common Stock, par value $1.00 per share | Other | 9,335,761 | (1) | N/A | $ | 188,782,347 | (2) | 0.0000927 | $ | 17,500.12 | (3) | ||||||||||||||
Fees Previously Paid | - | - | - | - | - | - | - | ||||||||||||||||||||
Carry Forward Securities | |||||||||||||||||||||||||||
Carry Forward Securities | - | - | - | - | - | - | - | ||||||||||||||||||||
Total Offering Amounts | $ | 17,500.12 | |||||||||||||||||||||||||
Total Fees Previously Paid | 0.00 | ||||||||||||||||||||||||||
Total Fee Offsets | 0.00 | ||||||||||||||||||||||||||
Net Fee Due | $ | 17,500.12 |
(1) The number of shares of common stock, par value $1.00 per share (“United common stock”), of United Community Banks, Inc. (“United”) being registered is based upon an estimate of (x) the maximum number of shares of common stock, par value $1.00 per share (“Progress common stock”), of Progress Financial Corporation (“Progress”) outstanding as of May 31, 2022, or issuable or expected to be cancelled or exchanged in connection with the merger of Progress with and into United, collectively equal to 12,124,365, multiplied by (y) the exchange ratio of 0.770 shares of United common stock for each share of Progress common stock.
(2) Estimated solely for the purpose of calculating the registration fee required by Section 6(b) of the Securities Act of 1933, as amended (the “Securities Act”), and calculated based upon the book value of shares of Progress common stock in accordance with Rule 457(f) under the Securities Act as follows: (a) the product of (i) $15.57, the book value per share of Progress common stock as calculated on March 31, 2022, and (ii) 12,124,365, the estimated maximum number of shares of Progress common stock to be exchanged in connection with the merger, including shares reserved for issuance under various equity plans.
(3) Pursuant to Rule 457(o) of the Securities Act, the registration fee has been calculated on the basis of the maximum aggregate offering price. The fee has been determined in accordance with Section 6(b) of the Securities Act at a rate equal to $92.70 per $1,000,000 of the proposed maximum aggregate offering price.