2015Annual Report
FINANCIAL HIGHLIGHTS
(in millions, except per share data)
CORE EARNINGS SUMMARY
Net interest revenue
Core fee revenue
Core operating expenses
Core earnings (pre-tax, pre-credit)
Provision for loan losses
Merger-related charges
Impairment charge on property purchased for future branches
Securities gains, net
Loss on prepayment of borrowings
Other, net
Income tax expense
Net income
Preferred dividends
2015
2014
$ 258.7
$ 224.4
71.5
192.6
137.6
(3.7)
(12.0)
(6.0)
2.3
(1.3)
(.6)
(44.7)
71.6
(.1)
54.9
162.1
117.2
(8.5)
-
-
4.8
(4.4)
(.5)
(41.0)
67.6
(.4)
Net income available to common shareholders
$ 71.5
$ 67.2
PER COMMON SHARE
Diluted earnings—operating1
Diluted earnings
Book value
Tangible book value
PERFORMANCE MEASURES
Net interest margin
Allowance for loan losses to loans, excluding acquired loans
Allowance for loan losses to loans—GAAP
Return on assets—operating1
Return on assets—GAAP
Tangible common equity to assets (year-end)
Tier I risk-based capital ratio (year-end)
AS OF YEAR-END
Loans
Investment securities
Total assets
Deposits
Shareholders’ equity
Common shares outstanding (thousands)
Beneficial owners
Employees
Banking offices
$ 1.27
$ 1.11
1.09
14.02
12.06
1.11
12.20
12.15
3.30 %
3.26 %
1.35
1.14
.98
.85
9.15
11.45
1.53
1.53
.91
.91
9.74
12.06
$ 5,995
$ 4,672
2,656
9,626
7,881
1,018
71,484
18,400
1,932
134
2,198
7,567
6,327
740
60,259
15,450
1,536
103
1 Excludes the effect of merger-related charges of $12.0 million and impairment charges of $6.0 million on real estate purchased in prior
years for use as future branch sites, net of income tax benefit of $6.4 million.
2 | U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T
LETTER TO SHAREHOLDERS
2015 was an outstanding year for United Community Banks. We achieved strong
organic growth in both loans and deposits, strengthened fee revenue through our
government guaranteed and mortgage lending businesses and expanded strategically
with significant acquisitions in targeted high-growth markets. Our competitive
advantage of community bank service with large bank capabilities continued to serve
us very well, and was strengthened with new specialty lending products. We produced
loans totaling $2 billion, grew net loans by $444 million or 10 percent, and grew core
deposits by 14 percent. And, once again, our bankers earned national recognition for
superior customer service.
All of this and more during the year resulted in record financial performance. Net operating income, excluding
merger-related and impairment charges, was $83.2 million, or $1.27 per diluted share, a 14 percent increase from
a year ago. Return on equity increased from 9.32 percent in 2014 to 10.24 percent in 2015. Return on assets was
.98 percent and hit our target of 1 percent during two of the four quarters. With that target now achieved, we
have a more challenging goal of hitting 1.1 percent by the end of 2016. I am confident that we are up to the task.
Meanwhile, as a result of our multi-year focus on core deposit growth, and boosted by our acquisitions in 2015,
more than 90 percent of our deposits are core deposit accounts.
ORGANIC GROW TH
I am very pleased with our organic growth during 2015. It is worth noting that both our 10 percent loan growth
and 14 percent core transaction deposit growth exclude loans and deposits that were acquired in mergers.
Contributors to loan growth have included specialized lending products—including commercial real estate,
SBA, asset-based lending, middle market and builder finance—that customers want but often cannot find
at their local bank. These specialty loans have grown from $76 million in 2011 to $492 million at the end of
2015, helping diversify our portfolio. We provide them through a “hub and spoke” model, with specialized
lending experts teaming with our community banks. This entrepreneurial approach increases our value to local
businesses, serves as a competitive advantage and is consistent with our positioning as a community bank with
large bank resources.
Fee revenue was another large contributor to increased profitability, with growth of $17 million or 30 percent.
Gains from SBA loan sales more than doubled to $6.3 million; mortgage and related fees grew 81 percent to
$13.6 million, and service charges and fees grew by 11 percent to $37 million.
U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T | 3
GROW TH THROUGH ACQUISITIONS
Consistent with our strategy of expanding in attractive southeastern markets, we completed two
acquisitions in 2015—our first in several years and among the largest in our history. Both banks are solid
franchises and share our mission of high performance built on outstanding customer service.
In May we welcomed MoneyTree Corporation and its subsidiary First National Bank, doubling our presence
along the high-growth Interstate-75 corridor from Cleveland to Knoxville, Tennessee. First National Bank
devoted more than 100 years to building deep ties in these communities, both as a bank and as a corporate
citizen. Our combined team is focused on realizing the strong opportunities in these markets.
Palmetto Bancshares, the largest community bank
based in the Upstate area of South Carolina, joined
the United team in September. Palmetto Bank boosted
our presence in this dynamic region from one location
in Greenville to 25 locations in nine counties in and
around the Greenville and Spartanburg MSAs, which
includes the Interstate-85 corridor. The Upstate is
South Carolina’s fastest-growing region, with a vibrant
economy and high quality of life. Palmetto Bank was
founded in 1906 and, like First National Bank, built loyal
relationships on respectful and caring service over
more than a century.
Consistent with our strategy
of expanding in attractive
southeastern markets, we
completed two acquisitions
in 2015—our first in several
years and among the largest
in our history.
We believe Coastal South Carolina presents a tremendous growth opportunity, and, to that end, we are
very excited about a new, recently-announced agreement to acquire Tidelands Bancshares. Tidelands
has $466 million in assets and a strong presence in the Charleston, Myrtle Beach and Hilton Head
markets—all three of which are among the top 10 fastest-growing MSAs in the United States. This is
a terrific fit with the new presence we established in Charleston during the fourth quarter with a loan
production office under the leadership of Dixon Woodward. Dixon previously served as president of the
Coastal South Carolina region for one of the ten largest banks in North America. He and his strong team
are off to a great start, exceeding our own expectations. Partnering with Tidelands and their talented
bankers will provide them with a much stronger local base for establishing the United brand and
growing the business. We expect this transaction to close in the third quarter of 2016.
We could not be happier to have these remarkable organizations join our team. They bring strong
franchises with attractive and stable deposit market shares. Most of all they bring the exceptional
people who have carried on their banks’ legacies of service. They are perfect cultural fits with United,
sharing our community banking philosophy of staying close to customers by always being there to
anticipate their financial needs and serve them well.
4 | U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T
Knoxville
Asheville
Raleigh
40
Chattanooga
Blairsville
Gainesville
Atlanta
Charlotte
Greenville
Columbia
Charleston
Myrtle Beach
Hilton Head Island
Savannah
Brunswick
E X I S T I N G L O C AT I O N S
T I D E L A N D S L O C AT I O N S
UNITED SERVICE: “BEST- IN - CL ASS”
Once again our bankers earned recognition for unsurpassed customer satisfaction in our peer group
of banks with $5 billion to $15 billion in assets. Customer loyalty has continued to rank best-in-class
and actually increased during 2015, according to research firm Customer Service Profiles. The overall
customer experience was best-in-class as well, due to our bankers’ expertise and genuine concern for
every customer. Further, United finished first in the J.D. Power Retail Banking Satisfaction Study for the
Southeast Region.
The bottom line is that United bankers are never satisfied until their customers are. They consistently
live their core value of treating people the way they want to be treated. They are truly our foundation,
our spirit and the reason for our success.
While we are on the subject of exceptional people, Steven J. Goldstein recently retired from our board of
directors after four years of dedicated service. Steven has been a terrific asset for United, having served as
chair of our risk committee among many other contributions. Also, Nicholas B. Paumgarten has chosen not
to seek re-election to the board and will end his service after the 2016 Annual Meeting. We deeply appreciate
Steven and Nick’s dedicated service and many contributions, and wish them all the best.
Kenneth L. Daniels, whom we welcomed to our board of directors during the fourth quarter of 2015, will
succeed Steven as chairman of the risk committee. Ken, who is greatly respected as a banking leader
and risk professional, has executive-level experience in portfolio management, regulatory requirements,
policy development and data integrity. His professional experience and personal integrity make him a
fine addition to our board.
U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T | 5
PROGRESS AND PL ANNING
We have made tremendous progress. In 2014 we invested in markets, talent and products to
strengthen our franchise and drive performance. In 2015 we began reaping financial benefits from
these investments, even as we strengthened and added to them consistent with our growth strategy.
We made our first acquisitions since 2007, building and enhancing the United presence in exceptional
markets. We have added talent for leadership and expertise, both in markets and products and services.
We have added products that our customers want and need, that differentiate us from our competition,
and that diversify income sources.
To address the integrity of customer information, we are investing in cybersecurity. This is a top priority;
you are well aware of data breaches in various industries and organizations worldwide. We work continually
to protect customer data on numerous fronts, including intelligence sharing and systems monitoring
partnerships with IBM, the FDIC, the FBI and other third parties. Internally we have risk assessments,
information security training and testing, and security and fraud information on our website.
In regard to regulatory compliance, we are nearing $10 billion in assets, a milestone of sorts though
we measure our success not in asset size but in customer satisfaction, financial performance and
shareholder value. Under the Dodd-Frank Act, the $10 billion threshold brings heightened regulatory
expectations and related costs. Planning ahead, in 2015 we engaged outside firms to assist with
independent reviews of and enhancements to our compliance areas. We saw this as a necessary
investment to support future growth and expansion opportunities. Our expected financial benefits
associated with the Tidelands acquisition will more than offset the earnings per share decrease we
anticipate during the first full quarter of the new regulations. Further, crossing the $10 billion mark will
subject us to the Durbin Amendment of the Dodd Frank Act. The Durbin Amendment places limits on
the interchange fees banks can charge merchants for debit card transactions. This will lead to some
loss of revenue. We expect this to happen in the third quarter of 2017. While these additional regulatory
costs and revenue limits are just part of the cost of growth, we believe the operational efficiencies to be
realized over a larger organization will offset most of the impact.
LOOKING FORWARD
We have good reason to be optimistic. We have strong leadership throughout our markets, a culture of
service and best-in-class customer satisfaction. Seventy percent of our footprint is now in high-growth
metropolitan areas where we contribute to and benefit from economic development. Between 2016
and 2021 the average population growth in the seven MSAs we serve is expected to be 5.5 percent,
compared to 3.7 percent for the U.S. as a whole. Our selective expansion in these and other markets,
and our ability to increase value for customers, serve our goals of improving financial performance and
increasing shareholder value.
6 | U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T
Investments in markets, products and talent will continue. Our focus is and always has been to continue
to build the company from within through organic growth. As consolidation continues in our industry,
acquisitions will be part of our balanced growth strategy. We are expanding and diversifying our loan
portfolio with emphasis on commercial and industrial, owner-occupied commercial real estate and
specialized lending. Our focus continues as well on fee revenue, with investments in mortgage, advisory
services and SBA capabilities. And, as always, we are recruiting and training exceptional people whose
skills and character are invaluable to external and internal customers.
As we grow our business we have not lost sight of who we are and how we have achieved our success.
At our core we remain a community bank—focused on providing the best possible service for our
customers and communities. Superior service includes convenience, which requires state-of-the-art
delivery systems. Thirty percent of our transactions are now technology-driven, and that number will
grow with shifts in demographics and preferences. Consequently we are investing in state-of-the-art
teller platforms, telecommunications and mobile banking to enhance the customer experience as
well as operational efficiency. While banking will always remain a people business, we must vigilantly
anticipate and serve the full range of customer needs for service access.
Our 2015 results are a testimony to the devotion and perseverance of our bankers. Integrating two new
banks into our system is no small task while continuing to do what they always do—provide the highest
level of service to our customers and communities. Service isn’t just what they do; it is who they are.
They believe their purpose is to serve others, and I am honored to be a member of their team.
Our investments in people, products, markets and infrastructure have built strong momentum on a
solid foundation. We are excited about the opportunities ahead. Most importantly we are grateful for
your support, and are dedicated always to increasing the value of your investment in United.
Sincerely,
Jimmy Tallent
U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T | 7
CONSOLIDATED STATEMENT OF INCOME
(in thousands, except per share data)
INTEREST REVENUE
Loans, including fees
Investment securities:
Taxable
Tax exempt
Deposits in banks and short-term investments
Total interest revenue
INTEREST EXPENSE
Deposits:
NOW
Money market
Savings
Time
Total deposit interest expense
Short-term borrowings
Federal Home Loan Bank advances
Long-term debt
Total interest expense
Net interest revenue
Provision for credit losses
Net interest revenue after provision for credit losses
FEE REVENUE
Service charges and fees
Mortgage loan and other related fees
Brokerage fees
Gains from sales of government guaranteed loans
Securities gains, net
Losses from prepayment of borrowings
Other
Total fee revenue
Total revenue
OPERATING EXPENSES
Salaries and employee benefits
Occupancy
Communications and equipment
FDIC assessments and other regulatory charges
Professional fees
Postage, printing and supplies
Advertising and public relations
Amortization of intangibles
Foreclosed property
Merger-related and other charges
Other
Total operating expenses
Income before income taxes
Income tax expense (benefit)
Net income
Preferred stock dividends and discount accretion
2015
2014
2013
$ 223,256
$ 196,279
$ 200,893
51,143
705
3,428
278,532
1,505
3,466
98
3,756
8,825
364
1,743
10,177
21,109
257,423
3,700
253,723
36,825
13,592
5,041
6,276
2,255
(1,294)
9,834
72,529
326,252
116,688
15,372
15,273
5,106
10,175
4,273
3,667
2,444
32
17,995
20,213
211,238
115,014
43,436
71,578
67
47,755
738
3,660
248,432
1,651
3,060
81
7,133
11,925
2,160
912
10,554
25,551
222,881
8,500
214,381
33,073
7,520
4,807
2,615
4,871
(4,446)
7,114
55,554
269,935
100,941
13,513
12,523
4,792
7,907
3,542
3,461
1,348
634
-
14,204
162,865
107,070
39,450
67,620
439
40,331
827
3,789
245,840
1,759
2,210
133
10,464
14,566
2,071
68
10,977
27,682
218,158
65,500
152,658
31,997
9,925
4,465
-
186
-
10,025
56,598
209,256
96,233
13,930
13,233
9,219
9,617
3,283
3,718
2,031
7,869
-
15,171
174,304
34,952
(238,188)
273,140
12,078
Net income available to common shareholders
$ 71,511
$ 67,181
$261,062
Income per common share:
Basic
Diluted
Weighted average common shares outstanding:
Basic
Diluted
8 | U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T
$ 1.09
1.09
$ 1.11
1.11
$ 4.44
4.44
65,488
65,492
60,588
60,590
58,787
58,845
CONSOLIDATED BALANCE SHEET
(in thousands, except share data)
ASSETS
Cash and due from banks
Interest-bearing deposits in banks
Short-term investments
Cash and cash equivalents
Securities available-for-sale
Securities held-to-maturity (fair value $371,658 and $425,233)
Mortgage loans held for sale
Loans, net of unearned income
Less allowance for loan losses
Loans, net
Premises and equipment, net
Bank owned life insurance
Accrued interest receivable
Net deferred tax asset
Derivative financial instruments
Goodwill and other intangible assets
Other assets
Total assets
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits:
Demand
NOW
Money market
Savings
Time
Brokered
Total deposits
Repurchase agreements
Federal Home Loan Bank advances
Long-term debt
Derivative financial instruments
Unsettled securities purchases
Accrued expenses and other liabilities
Total liabilities
Commitments and contingencies
Shareholders’ equity:
Preferred stock, $1 par value; 10,000,000 shares authorized;
Series H, $1,000 stated value; 9,992 and 0 shares issued and outstanding
Common stock, $1 par value; 100,000,000 shares authorized;
66,198,477 and 50,178,605 shares issued and outstanding
Common stock, non-voting, $1 par value; 26,000,000 shares authorized;
5,285,516 and 10,080,787 shares issued and outstanding
Common stock issuable; 458,953 and 357,983 shares
Capital surplus
Accumulated deficit
Accumulated other comprehensive loss
Total shareholders’ equity
Total liabilities and shareholders’ equity
2015
2014
$ 86,912
153,451
-
240,363
2,291,511
364,696
24,231
5,995,441
(68,448)
5,926,993
178,165
105,493
25,786
197,613
20,082
147,420
103,755
$9,626,108
$ 77,180
89,074
26,401
192,655
1,782,734
415,267
13,737
4,672,119
(71,619)
4,600,500
159,390
81,294
20,103
215,503
20,599
3,641
61,563
$ 7,566,986
$ 2,204,755
1,975,884
1,599,637
471,129
1,282,803
346,881
7,881,089
16,640
430,125
165,620
28,825
-
85,524
8,607,823
$ 1,574,317
1,504,887
1,273,283
292,308
1,256,706
425,011
6,326,512
6,000
270,125
129,865
31,997
5,425
57,485
6,827,409
9,992
-
66,198
50,178
5,286
6,779
1,286,361
(330,879)
(25,452)
1,018,285
$9,626,108
10,081
5,168
1,080,508
(387,568)
(18,790)
739,577
$ 7,566,986
U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T | 9
SELECTED DATA—QUARTERLY SUMMARY
(in millions, except per share data; taxable equivalent)
CORE EARNINGS SUMMARY
Net interest revenue
Core fee revenue (1)
Core revenue (1)
Core operating expenses (2)
Core earnings (pre-tax, pre-credit) (1)(2)
Provision for loan losses
Merger-related charges
Impairment charge on property purchased for future branches
Other, net
Income tax expense
Net income
Preferred dividends
Net income available to common shareholders
2015
Q4
Q3
Q2
Q1
$ 74.0
20.8
94.8
56.5
38.3
(.3)
(3.1)
(6.0)
.6
(11.3)
18.2
-
$ 18.2
$ 65.7
18.5
84.2
48.8
35.4
(.7)
(5.7)
-
-
(11.1)
17.9
(.1)
$ 18.0
$ 61.3
17.2
78.5
45.1
33.4
(.9)
(3.2)
-
-
(11.5)
17.8
-
$ 17.8
$ 57.6
15.1
72.7
42.2
30.5
(1.8)
-
-
(.2)
(10.8)
17.7
(.4)
$ 18.1
2014
Q4
$ 58.3
14.6
72.9
42.1
30.8
(1.8)
-
-
.5
(11.3)
18.2
-
$ 18.2
PERFORMANCE MEASURES
Per common share:
Diluted earnings - operating (3)
Diluted earnings - GAAP
Book value
Tangible book value (4)
Key performance ratios:
Net interest margin (5)
Return on assets —operating (3)(5)
Return on assets—GAAP (5)
Return on tangible common equity—operating (3)(5)(6)
Return on common equity—operating (3)(5)(6)
Return on common equity—GAAP (5)(6)
Tangible equity to assets (period-end) (4)
Tangible common equity to assets (period-end) (4)
ASSET QUALITY
Non-performing loans
Foreclosed properties
Total non-performing assets (NPAs)
Allowance for loan losses
Net charge-offs
Allowance for loan losses to loans, excluding acquired loans
Allowance for loan losses to loans
Net charge-offs to average loans (5)
NPAs to loans and foreclosed properties
NPAs to total assets
AT PERIOD END
Loans
Investment securities
Total assets
Deposits
Shareholders’ equity
Common shares outstanding
$ .33
.25
14.02
12.06
$ .33
.27
13.95
12.08
$ .32
.28
12.95
12.66
$ .29
.29
12.58
12.53
$ .30
.30
12.20
12.15
3.34 %
.99
.76
10.87
9.18
7.02
9.26
9.15
3.26 %
1.00
.82
10.29
9.54
7.85
9.48
9.37
3.30 %
1.00
.89
10.20
9.90
8.83
9.84
9.72
3.31 %
.94
.94
9.46
9.34
9.34
9.93
9.93
3.31 %
.96
.96
9.74
9.60
9.60
9.74
9.74
$ 22.6
4.9
27.5
68.4
1.3
1.35 %
1.14
.09
.46
.29
$ 20.0
7.7
27.7
69.1
1.4
1.37 %
1.15
.10
.46
.29
$ 18.8
2.4
21.2
70.1
1.0
1.42 %
1.36
.08
.41
.26
$ 19.0
1.2
20.2
70.0
2.6
1.46 %
1.46
.22
.42
.26
$ 17.9
1.7
19.6
71.6
2.5
1.53 %
1.53
.22
.42
.26
$ 5,995
2,656
9,626
7,881
1,018
71.5
$ 6,024
2,457
9,414
7,905
1,013
71.5
$ 5,174
2,322
8,246
6,808
827
62.7
$ 4,788
2,201
7,664
6,438
764
60.3
$ 4,672
2,198
7,567
6,327
740
60.3
1 Excludes net securities gains and losses from the prepayment of borrowings. 2 Excludes foreclosed property costs, merger-related charges, impairment charges on real
estate purchased in prior years for future branch sites, severance costs, the partial reversal of an earlier provision for litigation settlement and amounts paid to the FDIC to settle
United’s loss sharing agreement. 3 Excludes the after-tax effect of merger-related charges and impairment charges on real estate purchased in prior years for future branch
sites. 4 Excluded the effect of acquisition related intangible assets. 5 Annualized. 6 Net income available to common shareholders, which is net of preferred dividends, divided
by average realized common equity, which excludes accumulated other comprehensive income (loss).
1 0 | U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T
CORPORATE INFORMATION
FINANCIAL INFORMATION
Analysts and investors seeking financial
information should contact:
Rex S. Schuette
Executive Vice President and CFO
706-781-2265
rex_schuette@ucbi.com
This Annual Report contains forward looking
statements that involve risk and uncertainty
and actual results could differ materially from
the anticipated results or other expectations
expressed in the forward-looking statements.
A discussion of factors that could cause actual
results to differ materially from those expressed
in the forward-looking statements is included in
the Annual Report on Form 10-K filed with the
Securities and Exchange Commission.
This Annual Report also contains financial
measures that were prepared on a basis different
from accounting principles generally accepted
in the United States (“GAAP”). References to
operating earnings, pre-tax, pre-credit earnings
and core earnings are non-GAAP financial
measures. Management has included such
non-GAAP financial measures because such non-
GAAP measures exclude certain non-recurring
revenue and expense items and therefore
provide a meaningful basis for analyzing financial
trends. A reconciliation of these measures to
financial measures determined using GAAP is
included in the Annual Report on Form 10-K filed
with the Securities and Exchange Commission.
STOCK PRICE
Quarter
High
Low
Close
Average Daily
Volume
2014
2015
4th
1st
2nd
3rd
4th
$ 19.50
$ 15.16
$ 18.94
262,598
$ 19.53
$ 16.48
$ 18.88
21.23
22.23
22.23
17.91
18.58
18.61
20.87
20.44
19.49
234,966
328,887
319,884
376,214
INVESTOR INFORMATION
Investor information including this
report, Form 10-K, quarterly financial
results, press releases and various other
reports are available at ir.ucbi.com.
Alternatively, shareholders may contact
Investor Relations at 866-270-5900 or
investor_relations@ucbi.com.
STOCK EXCHANGE
United Community Banks, Inc. (Ticker:
UCBI) common stock is listed for trading on
the NASDAQ Global Select Market.
INDEPENDENT REGISTERED
PUBLIC ACCOUNTANTS
PricewaterhouseCoopers LLP, Atlanta, GA
LEGAL COUNSEL
Troutman Sanders LLP, Atlanta, GA
REGISTRAR TRANSFER AGENT
Continental Stock Transfer & Trust Co.
17 Battery Park, 8th Floor
New York, NY 10004
212-509-4000 | continentalstock.com
EQUAL OPPORTUNITY
EMPLOYER
United Community Banks is an equal
opportunity employer. All matters
regarding recruiting, hiring, training,
compensation, benefits, promotions,
transfers and other personnel policies will
remain free from discriminatory practices.
United Community Banks, Inc. ©2016
BOARD OF DIRECTORS
W.C. Nelson, Jr.
Lead Director
Co-Owner and Operator
Nelson Tractor Co.
Jimmy C. Tallent
Chairman, Chief Executive Officer
Robert H. Blalock
Chief Executive Officer
Blalock Insurance Agency, Inc.
L. Cathy Cox
President
Young Harris College
Kenneth L Daniels
Retired Chief Credit Risk
and Policy Officer
BB&T Corporation
H. Lynn Harton
President, Chief Operating Officer
Nicholas B. Paumgarten
Founder
Corsair Capital
Thomas A. Richlovsky
Retired Chief Financial Officer
and Treasurer
National City Corporation
Tim R. Wallis
Owner and President
Wallis Printing Company
Robert L. Head, Jr.
Director Emeritus
Owner
Head Westgate
EXECUTIVE OFFICERS
Jimmy C. Tallent
Chairman, Chief Executive Officer
H. Lynn Harton
President, Chief Operating Officer
Rex S. Schuette
Executive Vice President,
Chief Financial Officer
Bill M. Gilbert
President, Community Banking
Robert A. Edwards
Executive Vice President,
Chief Credit Officer
Bradley J. Miller
Executive Vice President,
Chief Risk Officer, General Counsel
Richard W. Bradshaw
President, Specialized Lending
U N I T E D C O M M U N I T Y B A N K S , I N C . 2015 A N N UA L R E P O R T | 11
ucbi.com