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United Community Banks (UCBI) in Blairsville, Ga., plans to redeem $180 million of stock issued under the Treasury Department's Troubled Asset Relief Program along with $16.8 million of other outstanding preferred stock.
December 30 -
United Community Bank in Blairsville, Ga., expects a spike in second-quarter earnings after being cleared to reverse most of its deferred tax asset valuation allowance.
June 27
Back in the president's chair.
Lynn Harton has worked in financial services for three decades and had been president and chief executive of The South Financial Group in Greenville, S.C., until it was
He resurfaced by joining United Community Banks Inc. (UCBI) of Blairsville, Ga., as
And this week, the bank
"Lynn has done a fabulous job for United," Jimmy Tallent, the parent company's president and CEO, said in a news release Tuesday. "He understands our culture and values and has been an integral part in setting the company's direction and goals with enthusiasm and energy."
Things have been looking up for the overall United Community, which with $7.4 billion of assets is the third-largest bank holding company in Georgia. It reported a fourth-quarter profit of $15.9 million. It also recently
But there is no rest for the weary at a community bank. Harton will keep his COO duties, and no doubt will have to sweep the lobby on occasion.
