UNITED BANCORPORATION OF ALABAMA, INC. ISSUES STATEMENT REGARDING MERION ROAD CAPITAL MANAGEMENT AND BLUE HILL ADVISORS

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United Bancorporation of Alabama (OTCQX: UBAB) acknowledged receiving a July 7, 2026 letter from Merion Road Capital Management and Blue Hill Advisors. The Board and management emphasized openness to investor viewpoints and reaffirmed focus on long-term shareholder value, strategic execution, capital deployment, and compliance as a CDFI and ECIP participant. Management plans to discuss these topics and provide updates on the next earnings call scheduled for August 6, 2026, and reminded investors about risks and uncertainties related to forward-looking statements.

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ATMORE, Ala., July 8, 2026 /PRNewswire/ -- (OTCQX: UBAB) - United Bancorporation of Alabama, Inc. (the "Company"), the parent company of United Bank (the "Bank"), confirmed that it has received the letter jointly issued by Merion Road Capital Management and Blue Hill Advisors LLC on July 7, 2026.

The Company's Board of Directors and management team value constructive input and dialogue from investors. The Board and management team are always willing to evaluate the viewpoints of any investor. The Company's continued focus will be to optimize long-term shareholder value through execution of its strategic plan, capital deployment objectives, and amid the regulatory environment applicable to the Company as a Community Development Financial Institution ("CDFI") and participant in the U.S. Treasury's Emergency Capital Investment Program ("ECIP").

Management will be discussing these topics and other updates during our next scheduled earnings call on August 6, 2026.

This news release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the Company's management and the information available to it at the time that this press release was prepared. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. Investors are cautioned not to place undue reliance on the forward-looking statements.

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SOURCE United Bancorporation of Alabama, Inc.

FAQ

What did United Bancorporation of Alabama (OTCQX: UBAB) announce on July 8, 2026 regarding Merion Road Capital Management and Blue Hill Advisors?

United Bancorporation of Alabama confirmed it received a July 7, 2026 investor letter from Merion Road Capital Management and Blue Hill Advisors. According to the company, its Board and management value constructive input and remain open to evaluating viewpoints from any investor.

How does United Bancorporation of Alabama (UBAB) plan to respond to the Merion Road and Blue Hill investor letter?

United Bancorporation of Alabama stated that its Board and management welcome constructive dialogue and will evaluate investor viewpoints. According to the company, related topics and updates are expected to be discussed during its next scheduled earnings call on August 6, 2026.

When is United Bancorporation of Alabama's next earnings call, and what topics will UBAB cover?

United Bancorporation of Alabama plans to hold its next earnings call on August 6, 2026. According to the company, management expects to discuss the investor letter topics, strategic plan execution, capital deployment objectives, and other corporate updates during this call.

What strategic focus did United Bancorporation of Alabama (UBAB) highlight in its July 8, 2026 statement?

United Bancorporation of Alabama emphasized optimizing long-term shareholder value as its core focus. According to the company, this involves executing its strategic plan, managing capital deployment objectives, and operating within the regulatory environment applicable to its CDFI and ECIP participation status.

What does United Bancorporation of Alabama's status as a CDFI and ECIP participant mean for UBAB investors?

United Bancorporation of Alabama operates as a Community Development Financial Institution and participates in the U.S. Treasury’s ECIP. According to the company, its strategy and capital deployment are managed within the regulatory framework tied to these designations, which shape its operating environment.

What forward-looking statement risks did United Bancorporation of Alabama (UBAB) mention in its July 8, 2026 release?

United Bancorporation of Alabama warned that forward-looking statements involve risks and uncertainties and rely on management assumptions. According to the company, there is no assurance projected results will be realized, and investors are cautioned not to place undue reliance on such statements.