Law Firm Kirby McInerney LLP Investigating Potential Claims On Behalf Of Palmetto Bancshares, Inc. Stockholders

Kirby McInerney LLP is investigating potential claims against the Board of Directors of Palmetto Bancshares, Inc. ("Palmetto" or the "Company") (NASDAQ:PLMT) concerning the proposed acquisition of the Company by United Community Banks, Inc. ("United"). Under the terms of the definitive agreement, Palmetto stockholders will have the right to receive $19.25 in cash or 0.97 shares of United common stock, or any combination thereof, for each share of Palmetto common stock they own.

The investigation concerns whether the Palmetto Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company's common stock.

If you are a Palmetto stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.

Copyright Business Wire 2010

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