United Community Financial Corp. · Youngstown, OH United States ·(NASDAQ (GS): UCFC)
Company Description
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This link will open in a new window This thrift wants to keep your savings and your loans united. United Community Financial is the holding company for The Home Savings and Loan Company of Youngstown, Ohio, a community bank with some 40 branches and a half-dozen loan production offices in Ohio and western Pennsylvania. Real estate loans account for about 80% of the company's loan portfolio; business and consumer loans make up the remainder. The bank also offers checking and savings accounts, CDs, retirement accounts, investments, and credit cards. In 2007 United Community Financial planned to buy Cleveland-area banking company PVF Capital , but both parties later canceled the deal. To read the full description, subscribe now.
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Key United Community Financial Corp. Financials
| Company Type | Public - NASDAQ (GS): UCFC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $79.0 |
| 2008 Employees | 570 |
United Community Financial Corp. Executives
36 executives listed for United Community Financial Corp.'s Youngstown, OH location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO; Chairman, Home Savings and Loan | Douglas McKay | Network |
| CFO and Treasurer, United Community Financial and Home Savings and Loan | James Reske | Network |
| VP, Information Technology, Home Savings and Loan | Mark Stricklin | Network |
Competition
Competitive Landscape for United Community Financial Corp.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top United Community Financial Corp. Competitors
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