YOUNGSTOWN - The CEO of United Community Financial Corp., the holding company for Home Savings and Loan Co., will retire next year, the company announced.
Patrick W. Bevack, president and chief executive officer of both the bank and the holding company, said this week he intends to remain on the board of directors for at least another year. The board also plans to retain Bevack as an adviser for two years.
Bevack, who has 37 years of banking experience, joined Home Savings in 2000 and was appointed president and CEO of Home Savings in 2009 and of the holding company in 2011.
"I am extremely proud of what we have accomplished since my appointment as president and CEO," Bevack said. "Our accomplishments during what many consider the worst economic times since the Great Depression are a direct result of the quality and hard work of (senior management and employees)."
Board Chairman Richard J. Schiraldi pointed out that under Bevack's leadership, regulatory orders were terminated and the company dramatically improved its financial condition and risk profile and raised capital, leaving it well-positioned for the future.
The board has engaged Chartwell Partners to begin a search for Bevack's successor.