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After Toronto-Dominion Bank agreed Monday to buy South Financial Group Inc. and bought three failed banks in Florida last month, the natural question is: What next?
May 17 - Mississippi
Regions Financial Corp. and Union Planters Corp. have named another layer of executives to oversee their regional banking networks, business lines, and key headquarters functions after their planned merger this summer.
February 25
United Community Banks (UCBI) in Blairsville, Ga., has hired a veteran banker with extensive Southeast ties to become its new chief operating officer.
The $6.7 billion-asset company said late Tuesday that H. Lynn Harton, a former chief executive of South Financial Group in Greenville, S.C., had succeeded Guy Freeman, who retired earlier this year.
Harton has served in a variety of high-level management positions at banks. Harton joined South Financial in February 2007 as its chief risk officer before becoming the CEO the next year. As CEO, he helped orchestrate
Harton brings "decades of experience in developing strategy and executing in highly complex environments, which will be critical as our banks move forward to build their market potential," Jimmy Tallent, United Community's president and chief executive, said in a press release. "He knows the dynamics of commercial and middle-market banking and has an outstanding record of successfully growing deposits and delivering on credit expectations."
Harton's was the chief credit officer at Union Planters when the Memphis, Tenn., company was
Harton, who had recently been TD Bank's executive vice president responsible for commercial and middle-market banking from Washington, D.C., to Florida, also had a lengthy management stint at BB&T (BBT) in Winston-Salem, N.C., before joining Union Planters.
"United Community Banks has a tremendous base from which to build," Harton said in the release. "It is an exciting environment with a foundation well positioned for long term growth."
