Welcome to our dedicated page for United Bancorpt news (Ticker: UBAB), a resource for investors and traders seeking the latest updates and insights on United Bancorpt stock.
United Bancorporation (UBAB), a Community Development Financial Institution (CDFI) serving Alabama and Florida since 1904, provides timely updates on its financial performance, community reinvestment efforts, and regional banking initiatives. This page aggregates all official press releases, regulatory filings, and news coverage related to UBAB’s operations.
Investors and community stakeholders will find curated updates on earnings reports, affordable housing projects, and small business lending programs, alongside announcements of strategic partnerships and regulatory milestones. Content is organized to reflect UBAB’s dual focus on traditional community banking and its mission-driven economic development work.
Key categories include quarterly financial results, updates on UB Community Development initiatives, leadership changes, and recognitions such as the Capital Magnet Fund award. This resource is designed to help users track how UBAB’s operations align with its commitment to local reinvestment and underserved populations.
Bookmark this page for direct access to UBAB’s latest developments, or check back regularly to stay informed on its role in shaping regional economic growth through community-focused banking.
United Bancorporation of Alabama reported its financial results for the year ending December 31, 2022, showing a net income of
United Bancorporation of Alabama (OTCQX: UBAB) declared a semiannual dividend of $0.22 per share on Dec. 13, 2022, payable on January 17, 2023 to shareholders of record as of December 31, 2022. This financial holding company, valued at $1.2 billion, serves Southwest Alabama and Northwest Florida with its subsidiaries: United Bank, Town-Country United Bank, and UB Community Development. As a Community Development Financial Institution, it strives to foster economic growth in underserved areas.
UB Community Development, a subsidiary of United Bancorporation of Alabama, has received a $45 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury. This award is part of a total of $315 million across four awards, aimed at enhancing economic vitality in low-income communities in Alabama and Florida. The NMTC program seeks to stimulate private investment and economic growth in underfunded areas, focusing on creating jobs and supporting essential services in these regions.
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