United Bancorporation of Alabama, Inc. announced that it has received $123 million in funding from United States Department of The Treasury
July 12, 2022
Share
United Bancorporation of Alabama, Inc. announced that it has received $123 million in a round of funding on July 13, 2022. The transaction included participation from returning investor, United States Department of The Treasury under the Emergency Capital Investment Program, or ECIP.
United Bancorporation of Alabama, Inc. is a financial holding company that primarily serves Southwest Alabama as well as Northwest Florida. The Company is a Community Development Financial Institution (CDFI) that operates three subsidiaries: United Bank, Town-Country United Bank and UB Community Development. United Bank is also designated as a CDFI and operates 22 locations across five counties. Town-Country United Bank serves Wilcox County and its surrounding counties. UB Community Development focuses on economic and community development through its New Market Tax Credits, affordable housing and community facilities programs. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Daphne, Foley, Lillian, Loxley, Magnolia Springs, Semmes, Silverhill and Summerdale in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton and Pace.
UNITED BANCORPORATION OF ALABAMA, INC. 
