The Federal Reserve Bank of Cleveland has freed United Community Financial (UCFC) from a six-month-old enforcement action.
United Community is the holding company of the $1.75 billion-asset Home Savings and Loan in Youngstown, Ohio. The
"We are proud of what we have accomplished," United Community Chief Executive Patrick Bevack said in a press release Tuesday. "Our capital position is strong, and we are focused on executing our strategic plans and improving the profitability of United Community and Home Savings."
In early December, United Community
United Community reported earnings of $1.7 million in the third quarter. In August it announced that
Its Home Savings unit operates 33 full-service banking offices and ten loan production offices throughout Ohio and western Pennsylvania.