United Community Financial (UCFC) in Youngstown, Ohio, is looking for a new chief executive.

The $1.8 billion-asset company said late Thursday that Patrick Bevack, who is 67, will retire as president and CEO next year. Bevack, who took the helm at United Community in January 2011, will remain a director at the company for at least another year after he retires.

United Community said it has hired Chartwell Partners to search for a successor.

"I am extremely proud of what we have accomplished since my appointment as president and CEO," Bevack said in press release. "I am very thankful for the opportunity the board gave me and for their tireless efforts during this time."

Last month, the Federal Reserve Board terminated a cease-and-desist order against United Community that had been in place since August 2008.

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