United Bancorporation of Alabama, (UBAB), the parent company of United Bank and UB Community Development, ranked 14th nationally in American Banker’s Top 200 Listed Banks
“2020 has been a difficult year,” said United Bank CEO Robert R. Jones, III. “It delivered us a pandemic, two hurricanes and economic challenges. As consumers and small businesses in rural communities grappled with the onset of COVID-19, United Bank became an active leader within our community. . We overcame these challenges while fulfilling our multi-outcome mission. “
The ranking in the survey is based on the company’s three-year average equity (ROAE), a calculation of the bank’s performance over one year. United Bancorporation’s three-year average ROAE was 17.21%, well above the 500 bank average ROAE of 8.60%. The top 200 community banks recorded median revenue growth of 12.3% in 2020, up from 7.3% a year earlier. Only one other bank in Alabama ranked in the top 100.
For more information about the company, please visit the Investor Relations tab at www.UnitedBank.com
About United Bank
United Bank is a $ 1,000,000, 000 financial institution that has benefited from 117 years of continuous service at Atmore, Alabama and surrounding communities. United Bank has offices at Atmore, Brewton, East Brewton, Flomaton, Monroeville, City of Frisco, Minette Bay, Daphne, Foley, Liliane, Loxley, Magnolia springs, Silverhill, Semmes, Spanish fort, and Summerdale in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton, and Pace. For more information about United Bank, please visit our website at www.unitedbank.com. FDIC member.
About UB Community Development
UB Community Development’s solid history and experience in new market tax credit transactions, coupled with our passion for improving the communities around us, make UBCD the South East’s premier financial partner. for economic and community development. Through our NMTC projects, community facility loan program, and Capital Magnet fund, UBCD works with community development partners in health, education, manufacturing, construction public, affordable housing, etc. For more information on UB Community Development, visit our website at www.UBCommunityDevelopment.com.
Senior Vice President, Director of Marketing and Public Relations
SOURCE United Bank