UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 17, 2017
UNITED COMMUNITY BANKS, INC.
(Exact name of registrant as specified in its charter)
| Georgia | No. 001-35095 | No. 58-1807304 |
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer |
| incorporation) | Identification No.) |
125 Highway 515 East
Blairsville, Georgia 30512
(Address of principal executive offices)
Registrant’s telephone number, including
area code:
(706) 781-2265
Not applicable
(Former name or former address, if changed since last report)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 8.01 | Other Events. |
On August 17, 2017, United Community Banks, Inc. (the “Company”) issued a press release announcing that Lynn Harton, the Company’s president, has been named chief executive officer along with his current title as president of the Company’s wholly-owned subsidiary, United Community Bank. Jimmy C. Tallent will continue to serve as chairman and chief executive officer of the Company, as well as chairman of United Community Bank.
A copy of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit No. |
Description |
| 99.1 | Press release dated August 17, 2017 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| UNITED COMMUNITY BANKS, INC. | ||
| By: | /s/ Jefferson L. Harralson | |
| Name: | Jefferson L. Harralson | |
| Title: | Executive Vice President and | |
| Chief Financial Officer | ||
| Date: August 17, 2017 | ||
INDEX TO EXHIBITS
|
Exhibit No. |
Description |
| 99.1 | Press release dated August 17, 2017 |
Exhibit 99.1
For more information:
Jefferson Harralson
Chief Financial Officer
706-781-2265
jefferson_harralson@ucbi.com
Media Inquiries:
Emily Moseley
Crawford Strategy
864-232-2302
emily@crawfordstrategy.com
LYNN HARTON NAMED CEO OF UNITED COMMUNITY BANK
Jimmy Tallent to Remain
Chairman and CEO of Holding Company
BLAIRSVILLE, Ga., August 17, 2017 -- The board of directors of United Community Banks, Inc. (NASDAQ: UCBI) today announced that Lynn Harton has been named chief executive officer of United Community Bank (the “Bank”), UCBI’s banking subsidiary. Mr. Harton will continue to serve as president of UCBI and the Bank, as well as a member of their respective boards. Jimmy C. Tallent will continue to serve as chairman and chief executive officer of UCBI, as well as chairman of the Bank.
“Lynn has served as our president and chief operating officer for the past five years and has been the driver for much of the growth and expansion of our company,” said Tallent. “He has been instrumental in expanding our geographic footprint, in developing and growing our Commercial Banking Solutions group, and building our regional headquarters and operations in Greenville, S.C. Lynn has more than 30 years of experience in the banking industry and an exceptional track record of leadership. The board and I are confident that he will continue to strengthen the Bank as chief executive officer and president.”
“United has a bright future, and I am deeply appreciative of the confidence Jimmy and the board have placed in me,” said Harton. “We have an outstanding team in place, and we look forward to continuing to execute the Bank’s strategy of providing exceptional customer service to our growing Southeastern markets.”
Prior to joining United in 2012, Harton was the executive vice president for commercial banking for TD Bank. Prior to TD Bank, Harton was chief executive officer at The South Financial Group, which was sold to TD Bank. He served as the chief credit officer for both Regions Financial Corporation and Union Planters Corporation and spent the first twenty years of his career at BB&T in several senior executive positions.
Harton is active on several community boards including the Greenville County Museum of Art, the Peace Center, and Artisphere. He is a director of the Risk Management Association, a national association for the financial services industry, and serves on its Community Bank Council. Harton has served on several additional financial boards and committees throughout his career, including the Palmetto Business Forum, RMA National Credit Risk Council, CBA National Small Business Banking Committee, and the Equifax Small Business Financial Exchange. He earned his bachelor’s degree from Wake Forest University and has participated in various university executive programs.
About United Community Banks, Inc.
United Community Banks, Inc. is a bank holding company based in Blairsville, Georgia with $11.2 billion in assets. The company's banking subsidiary, United Community Bank, is one of the southeast region's largest full-service banks, operating 142 offices in Georgia, North Carolina, South Carolina and Tennessee. The bank specializes in personalized community banking services for individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products including mortgage, advisory, and treasury management. Respected national research firms consistently recognize United Community Bank for outstanding customer service. In 2014, 2015 and 2016, J.D. Power ranked United Community Bank first in customer satisfaction in the Southeast. In 2017, for the fourth consecutive year, Forbes magazine included United on its list of the 100 Best Banks in America. Additional information about the company and the bank's full range of products and services can be found at www.ucbi.com.
###