United Community Bancorp (UCBA) in Lawrenceburg, Ind., has appointed Elmer McLaughlin as its new chief executive and president.
McLaughlin, who currently serves as United's chief operating officer, will assume his new role on July 1. He will succeed William Ritzman, who is stepping down from his position as president and CEO on June 30. Ritzman will continue to serve on the board of the holding company and its bank, United Community Bank.
McLaughlin has served as COO of the $517 million-asset United Community Bank since it was formed in April 1999 as the product of a merger between Perpetual Federal Savings and Loan Association and Progressive Federal Savings Bank. He has been COO of the holding company since its founding in 2006. Before joining United Community, McLaughlin was president of Perpetual Federal.