United Bancorporation of Alabama, Inc. announces an Equity Buyback for 180,265 shares, representing 5% of its issued share capital.
July 27, 2023
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United Bancorporation of Alabama, Inc. (OTCPK:UBAB) announces a share repurchase program. Under the program, the company will repurchase up to 180, 265 shares, representing approximately 5% of its outstanding shares. The program is valid for 12 months.
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. 
