United Community Bancorp in Lawrenceburg, Ind., has named a new chief financial officer. The $525 million-asset company said in a press release Friday that David Rosen, its chief risk officer, will succeed Vicki March as CFO when she resigns on Jan. 3. March has also been the company's treasurer.
Rosen, who has been chief risk officer since 2014, will retain that role. Previously, he was CFO at Merchants Bank and Trust in West Harrison, Ind., which was acquired by MainSource Financial in Greensburg, Ind., in October 2014.
Rosen has managed United Community's securities portfolio and asset-liability process. He also advised the bank's investment and asset liability management committees on balance sheet and liquidity management and scenario-based profitability forecasting. Rosen's appointment "will permit the company and the bank to consolidate managerial positions such that we expect to realize noninterest expense savings beginning in calendar year 2017," E.G. McLaughlin, the company's president and CEO, said in the release.