Georgia-based United Community Banks Inc., the holding company for United Community Bank, announced Monday, April 2, it plans to appoint Lynn Harton as its CEO.
Harton currently serves as the president and CEO of United Community Bank.
The company said he will succeed Jimmy Tallent, who will retire June 30 and assume a new role as executive chairman of United’s board of directors.
“I have been committed to seeing United become a market-leading institution and regain the strength we have enjoyed for decades,” Tallent said in a statement. “Today, the Bank is thriving and it has one of the most capable management teams in the industry. Lynn has done an excellent job as [CEO] of the bank, and the time is right for me to reduce my role.”
“I am grateful to the shareholders, the management team, and the board of directors for their confidence in me and proud of what we have accomplished together,” Tallent added. “The future is bright for United, and I look forward to serving in my new role as executive chairman.”
Tallent has served with United since 1984, the company said. During his tenure, the company has expanded from one location with $40 million in assets to a “four-state regional community bank with $12.3 billion in assets.”
Harton became president and CEO of the bank in August 2017. He has served on the company’s board since February 2015.
Harton was formerly chief executive officer of Greenville-based The South Financial Group. He has also worked as an executive for TD Bank, Regions Financial Corp., Union Planters Corp., and BB&T.
“I am honored to lead this organization into its next chapter,” Harton said in a statement. “We have a solid foundation and are well-positioned for continued growth and success. It has been an honor to work alongside Jimmy for the past several years, and I look forward to continuing to serve United together in our new roles.”
United Community Bank is one of the largest full-service banks in the Southeast with 151 offices in Georgia, the Carolinas, and Tennessee.