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United Bank provides funding for the construction of The Vinings at Newport In Kingsland, Georgia

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木曜日, 12月 21, 2023

ATMORE, Ala., Dec. 21, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $600,000 in soft financing to Vantage Development for the construction of The Vinings at Newport, a 96-unit affordable housing property for families in Kingsland, Georgia.

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ATMORE, Ala., Dec. 21, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $600,000 in soft financing to Vantage Development for the construction of The Vinings at Newport, a 96-unit affordable housing property for families in Kingsland, Georgia.
United Bank is also providing $5 million in construction financing to the project through its participation in US Bank's $20 million construction facility.
On-site amenities include a clubhouse featuring a community laundry facility and indoor fitness center.
An outdoor barbeque area and playground will also be available for residents' use.

United Bancorporation of Alabama announces semiannual dividend

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水曜日, 12月 20, 2023

Community development, Economic development, Housing, United Bank, CDFI, OTCQX, Community development financial institution, FDIC

ATMORE, Ala., Dec. 20, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development, has announced a semiannual dividend of $0.35 per share.

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ATMORE, Ala., Dec. 20, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development, has announced a semiannual dividend of $0.35 per share.
The cash dividend will be payable on or near January 22, 2024 to stockholders of record as of December 31, 2023.
United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.4 billion financial holding company primarily serving Southwest Alabama and Northwest Florida.
United is a Community Development Financial Institution (CDFI), which recognizes its commitment to stimulating economic development in underserved communities.

United Bank provides funding for the construction of High Point Senior Apartments in Andalusia, Alabama

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火曜日, 12月 19, 2023

Magnet, Workforce, United Bank, Southeastern United States, Gateway

ATMORE, Ala., Dec. 19, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $350,000 in soft financing to The Gateway Companies for the new construction of High Point Senior Apartments, a 56-unit senior affordable housing complex in Andalusia, Alabama.

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ATMORE, Ala., Dec. 19, 2023 /PRNewswire/ -- (OTCQX: UBAB) – United Bank has provided $350,000 in soft financing to The Gateway Companies for the new construction of High Point Senior Apartments, a 56-unit senior affordable housing complex in Andalusia, Alabama.
The soft financing is funded through United Bank's 2020 Capital Magnet Fund award from the CDFI Fund division of the US Treasury Department.
United Bank is also providing $3 million in construction financing to the project through its participation in Cadence Bank's $10.5 million construction facility.
The Gateway Companies develop, own and operate affordable, workforce, conventional and senior multi-family housing communities throughout the Southeastern United States.

50th Consecutive Year of Dividend Increases for United Bankshares, Inc.

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金曜日, 11月 10, 2023

Banking, Professional Services, Finance, Nicolet Bankshares, United Bank, United

United Bankshares, Inc. (“United”) (NASDAQ: UBSI ) today announced that its Board of Directors declared a fourth quarter dividend of $0.37 per share for shareholders of record as of December 8, 2023.

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United Bankshares, Inc. (“United”) (NASDAQ: UBSI ) today announced that its Board of Directors declared a fourth quarter dividend of $0.37 per share for shareholders of record as of December 8, 2023.
Dividends per share of $1.45 for the year 2023 represents an increase over the $1.44 per share paid for the year of 2022.
The dividend payout of approximately $49.9 million on 134.9 million shares is payable January 2, 2024.
The year 2023 marks the 50th consecutive year of dividend increases to United shareholders.

United Bancorporation of Alabama, Inc. Announces Third Quarter Results

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金曜日, 10月 27, 2023

United Bank, Inc., UB, United

ATMORE, Ala., Oct. 27, 2023 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank, and UB Community Development, announces its financial results for the period ended September 30, 2023.

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ATMORE, Ala., Oct. 27, 2023 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc., parent company of United Bank, Town-Country United Bank, and UB Community Development, announces its financial results for the period ended September 30, 2023.
United Bancorporation of Alabama, Inc. reported unaudited consolidated net income of $21.2 million.
Quarterly net interest margin increased to 4.7%, up 1.0% from the same quarter last year.
Cost of funds for the year and the quarter were 58 bps and 72 bps, respectively.

Enterprises See Technology, Workplace Services Critical for Success, ISG Study Says

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木曜日, 10月 26, 2023

They are looking to workplace services solutions to bridge the gap.

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They are looking to workplace services solutions to bridge the gap.
The event will feature speakers from Marsh, Citigroup, Walgreens, Northwestern Mutual, Orange Business, RS Eden, United Bank, Polysleep and more.
“Enterprises need to enable secure, seamless delivery and customer experience to succeed,” said Iain Fisher, global Future of Work lead for ISG and co-host of the ISG Digital Business Summit.
“Enterprises know they need practical information and a plan for cutting-edge technologies,” said Anay Nawathe, ISG cloud delivery lead and co-host of the ISG Digital Business Summit.

United Bank provides funding for the construction of Trinity Ridge Apartments in Phenix City, Alabama

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金曜日, 10月 20, 2023

Magnet, Senior, United Bank, OTCQX, Hotel

ATMORE, Ala., Oct. 20, 2023 /PRNewswire/ -- United Bank (OTCQX:UBAB) has provided $12.8 million in construction financing along with $660,000 in soft financing to The Bennett Group for the new construction of Trinity Ridge Apartments, a 56-unit multi-family affordable housing complex in Phenix City, Alabama.

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ATMORE, Ala., Oct. 20, 2023 /PRNewswire/ -- United Bank (OTCQX:UBAB) has provided $12.8 million in construction financing along with $660,000 in soft financing to The Bennett Group for the new construction of Trinity Ridge Apartments, a 56-unit multi-family affordable housing complex in Phenix City, Alabama.
Funding for this loan was made possible, in part, due to the bank's $8 million 2020 Capital Magnet Fund award.
"United Bank is pleased to provide funding to The Bennett Group for the construction of Trinity Ridge Apartments.
The completed project will provide much needed affordable housing for Phenix City seniors," said Joe Raines, Senior Vice President of United Bank.

United Bank Awarded $9 Million Capital Magnet Fund Award by US Department of Treasury

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金曜日, 10月 13, 2023

Magnet, Senior, United Bank, Ahli United Bank, Community development, Organization, Treasury, Community Development Financial Institutions Fund, Rehabilitation, CMF, U.S. Department of the Treasury, Office of Inspector General, U.S. Department of Defense Strategy for Operating in Cyberspace, Face, Housing, Cryptocurrency

ATMORE, Ala., Oct. 13, 2023 /PRNewswire/ -- (OTCQX:UBAB) -United Bank announced today the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) has awarded it a $9 million Capital Magnet Fund award for 2023, the fourth such award received since 2017.

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ATMORE, Ala., Oct. 13, 2023 /PRNewswire/ -- (OTCQX:UBAB) -United Bank announced today the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) has awarded it a $9 million Capital Magnet Fund award for 2023, the fourth such award received since 2017.
The award reflects United Bank's commitment to bringing badly needed affordable housing to communities across Alabama, Florida, and surrounding states.
United Bank has been awarded a $9 million Capital Magnet Fund award by the US Department of Treasury for 2023.
The Capital Magnet Fund offers competitively awarded grants to CDFIs and nonprofit affordable housing organizations to finance affordable housing solutions and community revitalization efforts that benefit individuals and families with lower incomes and low-income communities nationwide.

United Bank Welcomes New Member to Board of Directors

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金曜日, 10月 13, 2023

OTCQX, Senior, Knowledge, Stanley, United Bank, Softwood, American Wood Council, Cryptocurrency, Management

ATMORE, Ala., Oct. 13, 2023 /PRNewswire/ -- (OTCQX:UBAB) – United Bank is proud to announce the addition of Richard K. Stanley to our Board of Directors.

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ATMORE, Ala., Oct. 13, 2023 /PRNewswire/ -- (OTCQX:UBAB) – United Bank is proud to announce the addition of Richard K. Stanley to our Board of Directors.
United Bank is proud to announce the addition of Richard K. Stanley to our Board of Directors.
Richard K. Stanley is the president and CEO of T. R. Miller Mill Company, Inc., his employer of 41 years.
"We are pleased to welcome Ricky as a new board member," said United Bank President and CEO Mike Vincent.

United Bank Welcomes Lori Madison Stinson, Esq. to Board of Directors

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木曜日, 10月 12, 2023

United Bank, First United Bank, Muscogee, Thomas Goode Jones School of Law, Marshal of the United States Supreme Court, Samford University, National Republican Congressional Committee, United States congressional committee, Supreme court, Stinson, Poarch Band of Creek Indians, Pension fund

ATMORE, Ala., Oct. 12, 2023 /PRNewswire/ -- (OTCQX:UBAB) – United Bank is proud to announce the addition of Lori Madison Stinson to our Board of Directors.

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ATMORE, Ala., Oct. 12, 2023 /PRNewswire/ -- (OTCQX:UBAB) – United Bank is proud to announce the addition of Lori Madison Stinson to our Board of Directors.
United Bank is proud to announce the addition of Lori Madison Stinson to our Board of Directors.
"We are pleased to have Lori join our board," said Mike Vincent, President and CEO of United Bank.
She brings professional expertise, and commitment to her community, which reflects that of United Bank," said David D. Swift, Sr., Chairman of the Board of Directors for United Bank.