United Community Banks Appoints New CFO
United Community Banks (UCB) has named Tom Speir as its new executive vice president and chief financial officer. With over two decades of experience in areas such as balance sheet management, mergers and acquisitions, strategic planning, and investor relations, Speir is expected to bring valuable expertise to the role. The appointment comes amid a period of growth for UCB, which recently raised its quarterly dividend by 4% to $0.26 per share and signaled approximately 7% loan growth in Q3 excluding Navitas. The company also aims to maintain an expense base of around $150 million in the fourth quarter. The new CFO appointment is likely to support UCB's strategic initiatives as it continues its expansion efforts, potentially influencing investor confidence and financial performance.
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