INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Palmetto Bancshares, Inc. of Commencement of a Class Action Concerning the Fairness of the Sale of the Company to United Community Banks, Inc. -- PLMT

NEW YORK, June 19, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Palmetto Bancshares, Inc. stock prior to April 22, 2015.

You are hereby notified that Levi & Korsinsky, LLP has commenced a class action in South Carolina state court challenging the fairness of the sale of Palmetto Bancshares, Inc. PLMT to United Community Banks, Inc. Shareholders may elect to receive $19.25 in cash, 0.97 shares of United common stock, or a combination of cash and stock for each Palmetto share they own. To learn more about the investigation and your rights, go to:

http://zlk.9nl.com/palmetto-plmt

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.