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Lynn Harton, formerly president of The South Financial Group before it was sold several years ago, was promoted to president of United Community Bank in Georgia this week.
January 29 -
United Community Banks in Blairsville, Ga., reported a huge profit after a tax reversal allowed it to purge its balance sheet of bad loans.
July 25 -
United Community Banks in Blairsville, Ga., reported a huge profit after a tax reversal allowed it to purge its balance sheet of bad loans.
July 25
United Community Banks (UCBI) in Blairsville, Ga., is preparing a major branch expansion in South Carolina.
The $7.4 billion-asset company announced this week that it is planning a branch in Greenville, S.C. Lynn Harton, United Community's chief operating officer, told the South Carolina Business News that the company wants to open more branches in the state over the next five years.
The goal is to become one of South Carolina's five biggest banks, he said.
TD Bank, which bought South Financial Group in Greenville, S.C., in 2010, is the state's fifth-biggest bank, with $3.4 billion in deposits and nearly 5% market share, according to June 2013 date from the Federal Deposit Insurance Corp.
Harton,
"We want to be a meaningful presence here in Greenville, which means probably at some point you've got to be in the top five," Harton said. "We really think we can build it out from the ground up."
