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United Community Banks, Inc. To Join NASDAQ Financial-100 Index Beginning May 17, 2004

Date 07/05/2004

United Community Banks, Inc. (NASDAQ:UCBI) of Blairsville, Georgia, will become a component of the NASDAQ Financial-100 Index® effective at the beginning of trading Monday, May 17, 2004. United Community Banks, Inc. will replace The Trust Company of New Jersey (NASDAQ:TCNJ).

With the market capitalization of $846 million, United Community Banks, Inc. is a bank holding company that has assets of $4.1 billion and operates 20 community banks with 74 banking offices located throughout north Georgia, metro Atlanta, coastal Georgia, western North Carolina and east Tennessee. The company specializes in providing personalized community banking services to individuals and small to mid-size businesses in its markets.

NASDAQ® is the largest U.S. electronic stock market. With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. Approximately 51% of NASDAQ-listed shares traded are reported to NASDAQ systems. For more information about NASDAQ, visit the NASDAQ Web