Bailout Bank Bio: United Bancorporation of Alabama, Inc.

Aug 5, 2009 | 1 min read | Print Article

United Bancorporation of Alabama, Inc. operates as the holding company for United Bank that offers commercial banking services to business and individual customers primarily in Southwest Alabama and Northwest Florida. As of December 31, 2007, it operated 16 banking offices in Atmore, Frisco City, Monroeville, Flomaton, Foley, Lillian, Bay Minette, Silverhill, Magnolia Springs, Spanish Fort, and Summerdale, Alabama; and Jay, Pace, and Milton, Florida, as well as a loan production office in Loxley, Alabama. The company is headquartered in Atmore, Alabama.

In December the company began participating in the Treasury Department’s Capital Purchase Program . Under the program, United Bancorporation received $10.3 million from Treasury in exchange for preferred stock and warrants.

Federal Equity Investment	$10.3 million
Total Revenue	$7.5 million (2008)
Net Income	$90 thousand (2008)
Number of Employees	188
Corporate Headquarters	Atmore, Alabama
Business Sector	Banking
Officers and Director	Robert R. Jones III, CEO, President, Executive Director Rest of List
Corporate Website	http://www.uwharriecapitalcorp.com/ucc/
Executive Compensation	United Bancorporation of Alabama, Inc.