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$6 Million in New Markets Tax Credit Financing for the Acquisition, Renovation, and Equipping of a Tractor Assembly Facility in Monroeville, AL

ATMORE, Ala., Aug. 18, 2026 /PRNewswire/ -- UB Community Development (UBCD), a community development partner of United Bank is pleased to announce its role in the $28 million New Markets Tax Credits (NMTC) financing for the redevelopment of a former apparel distribution facility into an assembly, manufacturing and distribution plant in Monroeville, Alabama.

United Bancorporation of Alabama, Inc. Announces Second Quarter Results

Delivers net income and EPS growth for both 1H and Q2 Marks four consecutive quarters of deposit growth ATMORE, Ala., Aug. 5, 2026 /PRNewswire/ -- (OTCQX: UBAB) - United Bancorporation of Alabama, Inc. reported net income of $11.3 million for the six months ended June 30, 2026, compared to net income of $9.3 million for the same period last year, representing an approximate 21.5% increase.