This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

United Community Financial Corp. And Home Savings Announce Changes To The Board Of Directors

Stocks in this article: UCFC

United Community Financial Corp. (NASDAQ: UCFC), holding company of The Home Savings and Loan Company, announced that Donald J. Varner, who has served Home Savings and its customers for more than half a century, has retired from the Board of Directors of United Community and Home Savings, effective April 28, 2011.

United Community and Home Savings are pleased to announce that Lee J. Burdman has been appointed to the Board of Directors of both companies, also effective April 28, 2011. Mr. Burdman filled a vacancy created on both Boards following the retirement last December 31, 2010 of Douglas M. McKay.

Patrick W. Bevack, who serves as a Director and the President and CEO of United Community and Home Savings, commented that, “This past Thursday, when we were notified officially by Don of his decision to retire and by regulators that Lee had been approved, the Board felt a great sense of pride and excitement. Words alone cannot express all that Don Varner has done for this Company and its employees and customers. He is a true gentleman, and we congratulate Don and his family on his retirement. We humbly express to him our sincere appreciation for the 54 years of loyal and professional service he has given to us.”

Varner, 79, first joined Home Savings in 1957. He is a practicing attorney and served as United Community’s Secretary from 1998 until his retirement in 2004 and a Senior Vice President of Home Savings from 1995 until his retirement in 2004. Prior to that time, Mr. Varner served as Home Savings’ Vice President and Corporate Counsel from 1976 to 1995. Most recently, Mr. Varner served as a director of Home Savings, a position he held since 1987. He also served as a director of United Community from 1999 to 2004 and from 2007 until his retirement last Thursday.

Bevack added, “While we are saddened by Don’s retirement, we are excited about the addition of Lee Burdman to the Board of Directors of both United Community and Home Savings. Lee’s prior experience as a director and regional director of other financial institutions and his 25 year history of owning, developing and managing commercial real estate will be invaluable to the Board. His appointment reflects the commitment the Board has made to recruit highly successful and talented Directors, and we welcome Lee as the newest member of that team.”

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs