United Community Banks Appoints New CFO
Ticker: UCB · Form: 8-K · Filed: Sep 4, 2024 · CIK: 857855
Sentiment: neutral
Topics: executive-change, cfo, personnel
Related Tickers: SNV
TL;DR
UCBI names new CFO Jeff Davis, replacing Dave Abernathy who moves to advisory role.
AI Summary
United Community Banks, Inc. announced on September 4, 2024, the appointment of Jeffrey S. "Jeff" Davis as Chief Financial Officer, effective September 9, 2024. Davis will succeed David L. "Dave" Abernathy, who will transition to a senior advisory role until his retirement on March 31, 2025. Davis previously served as Executive Vice President and Chief Financial Officer of Synovus Financial Corp.
Why It Matters
A change in Chief Financial Officer can signal shifts in financial strategy or operational focus for the company.
Risk Assessment
Risk Level: medium — Executive leadership changes, especially in finance, can introduce uncertainty regarding future financial strategies and performance.
Key Players & Entities
- United Community Banks, Inc. (company) — Registrant
- Jeffrey S. "Jeff" Davis (person) — Appointed Chief Financial Officer
- September 4, 2024 (date) — Announcement Date
- September 9, 2024 (date) — Effective Date of New CFO
- David L. "Dave" Abernathy (person) — Outgoing Chief Financial Officer
- March 31, 2025 (date) — Retirement Date of Abernathy
- Synovus Financial Corp. (company) — Previous Employer of New CFO
FAQ
Who is the new Chief Financial Officer of United Community Banks, Inc.?
Jeffrey S. "Jeff" Davis has been appointed as the new Chief Financial Officer of United Community Banks, Inc.
When does the new CFO's appointment become effective?
The appointment of Jeffrey S. "Jeff" Davis as CFO is effective September 9, 2024.
What is the role of the outgoing CFO, David L. Abernathy?
David L. Abernathy will transition to a senior advisory role until his retirement on March 31, 2025.
Where did the new CFO, Jeff Davis, previously work?
Jeff Davis previously served as Executive Vice President and Chief Financial Officer of Synovus Financial Corp.
What is the exact date of the report filing?
The report was filed on September 4, 2024.
Filing Stats: 742 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-09-04 12:28:59
Key Financial Figures
- $1 — ich Registered Common stock, par value $1 per share UCB New York Stock Exchange
Filing Documents
- ucbi-20240904.htm (8-K) — 34KB
- ex991pressreleasenewdirect.htm (EX-99.1) — 9KB
- image_0a.jpg (GRAPHIC) — 9KB
- image_1a.jpg (GRAPHIC) — 59KB
- 0000857855-24-000080.txt ( ) — 302KB
- ucbi-20240904.xsd (EX-101.SCH) — 3KB
- ucbi-20240904_def.xml (EX-101.DEF) — 15KB
- ucbi-20240904_lab.xml (EX-101.LAB) — 27KB
- ucbi-20240904_pre.xml (EX-101.PRE) — 16KB
- ucbi-20240904_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. In connection with the appointment of Ms. Davis to the Board, the Company issued the press release that is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) See exhibit index below for the list of exhibits filed or furnished with this Current Report on Form 8-K. EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated September 4, 2024 (furnished only) 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED COMMUNITY BANKS, INC. By: / s / Jefferson L. Harralson Name: Jefferson L. Harralson Title: Executive Vice President and Chief Financial Officer Date: September 4, 2024