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): June 20, 2018
UNITED COMMUNITY BANKS, INC.
(Exact name of registrant as specified in its charter)
| Georgia | No. 001-35095 | No. 58-180-7304 |
| (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:
(864) 240-6208
Not applicable
(Former name or former address, if changed since last report)
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:
| q | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| q | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| q | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| q | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§240.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
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. ¨
| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 20, 2018, United Community Banks, Inc. (the “Company”) issued a press release announcing that its Board of Directors (the “Board”) has appointed Jennifer Mann and Lance F. Drummond to serve as Board members, effective immediately, until the Company’s next annual meeting of shareholders.
Ms. Mann is currently the Executive Vice President and Chief Human Resources Officer of SAS Institute, Inc., a global leader in analytics, business intelligence and data management software.
Mr. Drummond currently serves on the board of Freddie Mac, GSE and chairs its technology working group. Mr. Drummond was formerly the Executive Vice President of Operations and Technology at TD Canada Trust and Executive Vice President of Human Resources and Shared Services for Fiserv Inc.
A copy of the press release is filed 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 June 20, 2018 |
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 | |
| Jefferson L. Harralson | ||
| Executive Vice President and | ||
| Chief Financial Officer | ||
Date: June 20, 2018
Exhibit 99.1
For Immediate Release
For more information:
Jefferson Harralson
Chief Financial Officer
(864) 240-6208
Jefferson_Harralson@ucbi.com
United Community Banks, Inc. Appoints Two New Board Members,
Lance F. Drummond and Jennifer Mann
BLAIRSVILLE, GA - June 20, 2018 - United Community Banks, Inc. (NASDAQ: UCBI) (“United”) announced today that its Board of Directors has appointed Lance F. Drummond and Jennifer Mann to serve as Board members, effective immediately.
Mr. Drummond is the former Executive Vice President of Operations and Technology for TD Canada Trust. Prior to that role, he led online bank and ATM operations at Bank of America, where he managed the largest consumer online bank in the United States and was responsible for the largest bank-owned network of ATMs in the country. In addition to online banking and ATM operations, Mr. Drummond has extensive experience in bank operations such as mortgage processing, digitization and information technology. Before his career in executive bank leadership, Mr. Drummond spent 26 years with Eastman Kodak. Mr. Drummond also serves as board member of the Federal Home Loan Mortgage Corporation (Freddie Mac) and a Trustee for the University of Rochester.
Ms. Mann currently serves as Executive Vice President and Chief Human Resources Officer with SAS Institute, Inc., a global leader in analytics, business intelligence and data management software in Cary, N.C. with a worldwide workforce of more than 14,000. Ms. Mann is widely recognized for her initiatives in the areas of employee performance, workplace culture and organizational effectiveness at SAS, which has consistently been recognized as one of the Best Companies to Work For® by FORTUNE magazine.
“Lance Drummond and Jenn Mann epitomize the skill set identified by our Board as critical to the growth of our company and we are honored to welcome them to United,” said United President and COO Lynn Harton. “Both Lance and Jenn have a broad and diverse range of professional experience, help represent our bank’s growing geographic footprint and have deep expertise in technology and human resources, which are areas that are crucial to our future.”
“Our board is extremely pleased to add such talented and accomplished individuals to our board leadership,” said Jimmy Tallent, United’s Chairman and CEO. “Because of their professional backgrounds, records of success, and genuine fit with United culture, Lance and Jenn will make outstanding additions to United and we look forward to their contributions.”
About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ: UCBI) is a bank holding company based in Blairsville, Georgia with $12.3 billion in assets. The company’s banking subsidiary, United Community Bank, is one of the southeast region’s largest full-service banks, operating 151 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. For the last five years, J.D. Power has ranked United Community Bank first in customer satisfaction in the Southeast. In 2018, for the fifth 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.