Lawrenceburg-based United Community Bancorp (Nasdaq: UCBA) has announced Chief Financial Officer Vicki March is stepping down. March, who also serves as senior vice president of finance and treasurer, will resign January 3.
The bank did not give a reason for March’s resignation.
The board of directors for United Community Bancorp, the parent of United Community Bank, has promoted David Rosen to CFO, who will assume the position upon March’s resignation. Rosen currently serves as chief risk officer for the bank, a position he will continue to hold after becoming CFO.
"We are incredibly fortunate to have such a talented officer already in-house and prepared to assume the CFO’s duties in January," E.G. McLaughlin, chief executive officer of United Community Bancorp. "His appointment will not only facilitate a seamless transition of the CFO’s responsibilities, but it will permit the Company and the Bank to consolidate managerial positions such that we expect to realize noninterest expense savings beginning in calendar year 2017."
Before joining United, Rosen served as CFO of West Harrison-based The Merchant’s Bank and Trust Co.