chiefs for four of its subsidiaries, and disclosed discussions to sell its life insurance company. The Baton Rouge, La., company, which specializes in lending to people with impaired credit, named C. Geron Hargon as president of its lending group. Mr. Hargon, who was most recently a regional chairman for Hiberia National Bank, replaces W. Roger Clark. Mr. Clark retired from the post in August. United Companies also promoted H.C. McCall 3d to president of its Southern Mortgage Acquisition unit, and John T. Brown Jr., a managing director, to president of its Ginnie Mae unit. Keith Hoffman was named president of the Unicor Mortgage wholesale unit. Separately, United Companies said talks to sell its life insurance company began after it received "unsolicited indications of interest from ... third parties." Company officials indicated that talks are continuing and said discussions may not result in a sale. The unit - United Companies Life Insurance Co. - is part of a $2.3 billion financial services group that focuses on mortgage lending and insurance.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.