United Bank Wins Eighth New Markets Tax Credit Allocation for $75 Million

UB Community Development (PRNewsfoto/United Bancorporation)

ATMORE, Ala. , Dec. 30, 2025 /PRNewswire/ -- United Bank is pleased to announce today it has been awarded a $75 million New Markets Tax Credit (NMTC) Allocation by the Department of the Treasury through its affiliated Community Development Entity, UB Community Development. The award is the result of United Bank's ongoing commitment to enhancing the economic vitality of low-income communities in Alabama, Mississippi and Northwest Florida. Today's announcement marks the eighth allocation United Bank has received. In total, United Bank and UB Community Development have received eight NMTC awards from the CDFI Fund totaling $500 million focused on deployment in Alabama, Florida and Mississippi.

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