United Community Banks, Inc. Announces Resignation of L. Cathy Cox as Member of Board of Directors, Effective October 1, 2021
October 01, 2021 at 08:48 am EDT
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On October 1, 2021, L. Cathy Cox, a member of the Board of Directors of United Community Banks, Inc. submitted her resignation from the Board effective immediately. Ms. Cox resigned from the Board due to her appointment, effective on October 1, 2021, as President of Georgia College & State University, a unit of the University System of Georgia (“USG”). President Cox informed the Company that USG does not allow its presidents to serve on compensated outside boards. Her resignation is not the result of any disagreement with the Company.
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.