United Community Bancorp in Lawrenceburg, Ind., has a new chairman.

The $517 million-asset company said in a press release Friday that William Ritzmann has been appointed chairman of the company and its bank.

Ritzmann was the company's president and chief executive from its 2006 creation until last June.

Ralph Sprecher, who had been chairman, will remain on the board as its lead independent director.

United Community has eight branches.

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