UCB · United Community Banks, Inc.

The retirement of Jefferson L. Harralson as Executive Vice President and Chief Financial Officer represents a high-materiality leadership transition for United Community Banks, given the CFO’s central role in financial reporting, capital management, regulatory compliance, and strategic planning. Harralson has served in this capacity for nearly a decade — a tenure spanning multiple interest rate cycles, regulatory updates, and growth initiatives — and his departure triggers formal succession planning, including engagement of Korn Ferry for a nationwide search. The structured separation agreement ensures continuity through year-end 2026, preserving institutional knowledge during the transition. Financially, the arrangement includes $1 million in severance, full salary and allowances through December 31, 2026, and guaranteed early retirement benefits — all explicitly disclosed and non-contingent upon performance or change-in-control triggers. Notably, the prior Retention Agreement (Feb 2023) is terminated, with rights now governed solely by the Harralson Agreement — except in the narrow circumstance where Section 4 benefits under the Retention Agreement become eligible before separation, which would void the new agreement. This contingency underscores the importance of timing and potential event-driven outcomes. Investor focus will shift to the profile and experience of the successor, the timeline for appointment, and whether interim financial oversight arrangements are disclosed — none of which are addressed in this filing. The press release emphasizes Harralson’s contributions to the company’s recognition in retail banking satisfaction and workplace awards, reinforcing his operational impact beyond finance-specific functions.