This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

United Community Financial Corp. Announces Future Succession Plans

United Community Financial Corp. (NASDAQ: UCFC), holding company of The Home Savings and Loan Company, announced that Patrick W. Bevack, President and Chief Executive Officer of United Community and Home Savings, plans to retire during 2014. Mr. Bevack intends to remain on the Board of Directors of both United Community and Home Savings for at least a year after his retirement, and the Board will retain Mr. Bevack as an advisor for two years.

Mr. Bevack, who joined Home Savings in June 2000, was appointed President and Chief Executive Officer of United Community on January 1, 2011. Additionally, Mr. Bevack has served as President and CEO of Home Savings since March 2009. Prior to that time, Mr. Bevack had served in numerous executive positions with Home Savings, including President and Chief Operating Officer, Executive Vice President, Chief Financial Officer and Treasurer and Senior Vice President of Mortgage Lending.

Bevack commented, “I am extremely proud of what we have accomplished since my appointment as President and CEO, and I am very thankful for the opportunity the Board gave me and for their tireless efforts during this time.” Bevack added, “I am also very appreciative of the senior management team and all the employees of Home Savings. Our accomplishments during what many consider the worst economic times since the Great Depression are a direct result of the quality and hard work of these individuals.”

The Board has engaged Chartwell Partners to begin a search for Mr. Bevack’s successor.

Richard J. Schiraldi, Chairman of the Board of United Community and Home Savings stated, “Pat has done a tremendous job at the helm of United Community and Home Savings, and he lead the management team through an extremely difficult period, both on an economic and regulatory level. Under Pat’s leadership, the regulatory orders were terminated, we dramatically improved our financial condition and risk profile, we successfully raised capital and, as a result, we are now well positioned to execute our business strategies so that we can prosper in the future.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,137.45 +40.55 0.22%
S&P 500 2,100.19 +1.66 0.08%
NASDAQ 4,978.94 +11.7990 0.24%

Partners Compare Online Brokers

Free Reports

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