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United Bancorporation Of Alabama Receives Capital Investment From Department Of The Treasury

Jul 13, 2022•almost 3 years ago
Financial Services

Description

United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank and UB Community Development, has received a $123 million investment from the U.S. Department of the Treasury under its Emergency Capital Investment Program, or ECIP.

Company Information

Company

United Bancorporation

About

ATMORE, Ala., July 13, 2022 /PRNewswire/ -- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank and UB Community Development, has received a $123 million investment from the U.S. Department of the Treasury under its Emergency Capital Investment Program, or ECIP. The new capital is intended to be used by United to further increase lending efforts for borrowers in underserved, low-income and minority communities.United Bancorporation of Alabama receives capital investment from Department of the TreasuryTweet this United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.2 billion financial holding company that primarily serves Southwest Alabama as well as Northwest Florida.

FundzWatch™ Score

86
Medium Activity

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