United Community Banks, Inc. and United Community Bank Appoints James P. Clements to Serve as A Board Member
August 06, 2020 at 06:13 pm IST
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Effective August 5, 2020, the Board of Directors of United Community Banks, Inc. appointed James P. Clements to serve as a Board member until the Company's next annual meeting of shareholders. The Board increased the size of the Board from 10 to 11 directors and appointed Mr. Clements as a director to fill the vacancy created by the increase. Mr. Clements was also appointed as a member of the Board of Directors of the Company's wholly-owned banking subsidiary, United Community Bank. Mr. Clements is currently the President of Clemson University and has served in that role since 2013. Prior to his arrival at Clemson University, Mr. Clements served as the President of West Virginia University for nearly five years.
United Community Banks, Inc. is a financial holding company for United Community Bank (the Bank). It provides a range of financial products and services to the commercial, retail, governmental, educational, energy, health care and real estate sectors. This includes a variety of deposit products, secured and unsecured loans, mortgage loans, payment and commerce solutions, equipment finance services, wealth management, trust services, private banking, investment advisory services, insurance services, and other related financial services. These products and services are delivered through a variety of channels including its branches, other offices, the Internet, and mobile applications. Its deposit products include checking accounts, savings accounts, money market accounts and other deposit accounts. Its investment portfolio includes residential and commercial mortgage-backed securities, asset-backed securities, United States agency and municipal obligations.