UB Community Development announced Affordable Housing Capital Magnet Funds for the construction of The Village at Rock Springs Apartments in Moody, Alabama.

February 7, 2019 – Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today United Bank has provided Capital Magnet Funds to the Community Action Partnership of North Alabama and The Bennett Group to be used as supplemental funds for the construction of The Village at Rock Springs Apartments, a 56-unit, affordable multi-family project in Moody, Alabama. United Bank is also providing additional funding as a participant in BBVA Compass Bank’s construction facility.

“We are thrilled to join with CAPNA and The Bennett Group to provide capital from our 2018 Capital Magnet Fund award to The Village at Rock Springs Apartments,” said Joe Raines of UB Community Development. “The Village at Rock Springs is a much-anticipated community for senior adults in St. Clair County that will provide much-needed, safe, and affordable homes,” said Raines.

According to Dave Truitt, Director of Real Estate Development at CAPNA, the Capital Magnet Funds were essential to making the project a reality.

“It became evident that rising construction costs and falling equity prices were going to leave us with a significant gap in funding,” said Truitt. “However, due to UBCD and United Bank providing the Capital Magnet funds for our project, we were able to close our gap in financing and continue with our plan to provide 56 units of safe, beautiful, and affordable housing for seniors in Moody.”

Fred Bennett, Managing Partner of The Bennett Group, echoed Mr. Truitt’s sentiment. “This truly exceptional neighborhood of homes in Moody would literally not be possible without the participation of UBCD and United Bank. Due to cost increases and declining equity prices, this project was not going forward without significant creative funding. UBCD and United Bank understood this and have thoughtfully provided.”

The Capital Magnet Fund Program is administered by the Community Development Financial Institutions Fund within the US Treasury Department. The CMF program offers competitively awarded grants to qualified institutions and nonprofits for the purpose of providing affordable housing solutions and community revitalization efforts.

In 2018, United Bank was the only Alabama-based bank to receive a Capital Magnet Fund award, further demonstrating United’s strong commitment to providing unique and meaningful capital solutions to community development projects across Alabama and Florida. UB Community Development, a community development partner of United Bank manages the Capital Magnet Fund.

UB Community Development announces Affordable Housing Capital Magnet Funds for the Construction of Trinity Lake Apartments in Smiths Station, Alabama.

February 7, 2019 – Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today United Bank has provided $150,000 in Capital Magnet Funds to The Bennett Group to be used as supplemental funds for the construction of Trinity Lake Apartments, a 56-unit, affordable multi-family project in Smiths Station, Alabama. United Bank is also providing $2 million in additional funding as a participant in Regions Bank’s construction facility.

“We are excited to provide capital to The Bennett Group for Trinity Lake Apartments,” said Joe Raines of UB Community Development. Trinity Lake will bring much-needed affordable housing to working families in East Alabama. It is the first of several new projects across Alabama that UBCD and United Bank are providing funding for through United’s 2018 Capital Magnet Fund award,” said Raines. “We are grateful to UBCD and United Bank for partnering with us on the Trinity Lake project,” said Fred Bennett, Managing Partner of The Bennett Group. “The United team worked through the unique facets of this transaction and helped us ensure its success. We look forward to celebrating the finished product with UBCD and United next year,” added Bennett.

The Capital Magnet Fund Program is administered by the Community Development Financial Institutions Fund within the US Treasury Department. The CMF program offers competitively awarded grants to qualified institutions and nonprofits for the purpose of providing affordable housing solutions and community revitalization efforts.

In 2018, United Bank was the only Alabama-based bank to receive a Capital Magnet Fund award, further demonstrating United’s strong commitment to providing unique and meaningful capital solutions to community development projects across Alabama and Florida.

For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations, at (251) 446-6004 or email tonya.lambert@unitedbank.com. For more information about UB Community Development, or for help with planning your next funding project, contact Joe Raines, Senior Vice President of United Bank and UB Community Development at (205) 314-5790 or email joe.raines@unitedbank.com.

UB Community Development announces Affordable Housing Capital Magnet Funds for the construction of Estates at Kendal Apartments in Clanton, Alabama.

February 7, 2019 – Atmore, AL –UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today United Bank has provided Capital Magnet Funds to National Affordable Housing Preservation Associates and Vantage Development to be used as supplemental funds for the construction of Estates at Kendal Apartments, a 56-unit, affordable multi-family project in Clanton, Alabama. United Bank is also providing additional construction funding to the project.

“We are elated to join with NAHPA and Vantage Development to provide capital from our 2018 Capital Magnet Fund award to Estates at Kendal Apartments,” said Joe Raines of UB Community Development. “Estates at Kendal is the first new, rent-restricted community in Clanton in several years and will address the area’s need for comfortable, safe, affordable homes to working families,” Raines said.

Mark English, President of NAHPA, added, “National Affordable Housing Preservation Associates is pleased to commence construction on our newest housing development for families in Clanton. UBCD and United’s commitment of Capital Magnet Funds is critical to the financing of Estates at Kendal, and NAHPA is proud to have UBCD and United as our financial partners.”

Vice President of Vantage Development, Jay Ronca, also commented, “UBCD and United Bank’s commitment to affordable housing is to be commended. As a long-time developer of affordable housing, Vantage is enthusiastic about forging a new relationship with UBCD and United Bank. We are excited to break ground on Estates at Kendal and to deliver much-needed housing to families in Clanton.”

The Capital Magnet Fund Program is administered by the Community Development Financial Institutions Fund within the US Treasury Department. The CMF program offers competitively awarded grants to qualified institutions and nonprofits for the purpose of providing affordable housing solutions and community revitalization efforts.

In 2018, United Bank was the only Alabama-based bank to receive a Capital Magnet Fund award, further demonstrating United’s strong commitment to providing unique and meaningful capital solutions to community development projects across Alabama and Florida.

For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations, at (251) 446-6004 or email tonya.lambert@unitedbank.com. For more information about UB Community Development, or for help with planning your next funding project, contact Joe Raines, Senior Vice President of United Bank and UB Community Development at (205) 314-5790 or email joe.raines@unitedbank.com.

UB Community Development, LLC, announces $6 Million in New Market Tax Credit Funding and 75 Jobs for Expansion of Sweet Brew’s Existing Operations.

December 10, 2018 – Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today $6MM New Market Tax Credit (NMTC) funding for the construction of a new facility for Southern Visions, LLP, manufacturers of the Sweet Brew line of fresh brewed tea products. The company is currently based in Loxley, Alabama.

Sweet Brew sells and distributes a patented system for brewing tea, flavored tea, and lemonade drinks for commercial settings. The company has a national distribution network, and offers custom solutions for restaurants, hospitals, convenience stores, large franchise chains, and entertainment venues. Sweetened tea is currently the fastest growing beverage in the tea category in the U.S.

The new Southern Visions facility will be located in Bay Minette, Alabama. The project received a $6MM NMTC allocation from UBCD. The total square feet of the real estate that will be leased by the NMTC Beneficiary is 111,180 square feet which includes 106,428 square feet of manufacturing/industrial space and 4,752 square feet of office space.

“The NMTC investment provided additional capital funding that allows us to completely build the infrastructure for 3-5 years out, instead of building it over phases, said Paul Stewart, President and co-founder of Southern Visions. “This additional capital will allow us to expand our output, create more jobs, and positively impacting the health of our company. We are thrilled to be a driver for robust job creation and economic activity in Bay Minette and north Baldwin County,” said Stewart.

The predevelopment and construction associated with the development of the project is expected to create 86 direct, full-time construction jobs with an estimated 75 permanent jobs retained and created by late 2019, when the project is projected to be stabilized and fully operational.

Additionally, in conjunction with the project, several contributions to local charities and non-profits will be made to further the organization’s mission.

In 2016, United Bancorporation of Alabama became the only CDE headquartered in Alabama to receive a New Market Tax Credit allocation. This $6MM allocation was made possible because of United Bank’s designation as a Community Development Financial Institution (CDFI) and UBCD’s designation as a Community Development Entity (CDE) with a mission to bring economic vitality to rural and low-to-moderate income areas. In 2017, following the successful management and deployment of more than $90MM of New Market Tax Credit funding, UBCD was awarded an additional allocation of $55MM in New Market Tax Credits. This allocation further validates our team’s extensive expertise and passion to bring community oriented economic development projects to qualifying areas.

For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations at (251) 446-6004 or email tonya.lambert@unitedbank.com. For more information about UB Community Development or for help in planning your next funding project, contact Joe Raines, Senior Vice President of UB Community Development at (205) 314-5790 or email joe.raines@unitedbank.com.

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About United Bank
United Bank is a $631,000,000 financial institution that has enjoyed 115 years of service. United Bank has offices in Atmore, Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, 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. Member FDIC.

About UB Community Development
UB Community Development’s strong history as an experienced leverage lender in New Market Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for rural economic and community development. Through our NMTC projects and Community Facilities Lending Program, UBCD is working with community development partners in the fields of healthcare, education, manufacturing public works and more. For more information about UB Community Development, visit our website at www.UBCommunityDevelopment.com

About Southern Visions
Southern Visions manufactures, sells, and nationally distributes a patented system for brewing sweet tea and lemonade in commercial settings including hospitals, restaurants, offices, convenience stores, large franchise chains, and entertainment venues. The Sweet Brew system including a patented pouch combining tea and pure cane sugar or our pure cane sugar sweetened lemonade blend to brew sweet teas and lemonade perfectly every time. Sweet tea is currently the fastest growing beverage category in the U.S. Sweet Brew is a registered trademark of Southern Visions, LLP. Learn more at www.SweetBrewTea.com

UB Community Development, LLC Announces $7 million in New Market Tax Credit Funding for Riviera Square Retail Project in Foley, AL to Include Publix Grocery

July 26, 2018 – Foley, AL – UB Community Development, LLC, (UBCD) a community development partner of United Bank, announced today that it has funded a $7 million New Markets Tax Credit (NMTC) allocation for Burton Property Group’s (Burton) construction of a new retail property, Riviera Square in Foley, Alabama. The project’s entire cost is nearly $12 million and will be anchored by a 48,000 square foot Publix grocery store, bringing a much-needed grocery store to a federally-designated food desert. The Riviera Square project is expected to bring more than 100 new fulltime and part time jobs to the south Baldwin County area. Additionally, the project’s financing structure included a $35,000 charitable donation, which allowed UBCD and Burton to collaborate and make donations to several local charities.

The Riviera Square project consists of five phases, with the Publix development being the final phase. This last phase in expected to have a substantial catalytic impact on the remainder of the site, which will house multiple retailers in addition to Publix. “This project has been a Herculean effort, a relationship between public and private, state and local levels, and I want to thank everyone for their combined efforts,” said Burton President and Chief Executive Officer Philip Burton. “I want to thank Publix for selecting Foley as a market, we are thrilled to have you guys and the other retailers that are coming, and we look forward to opening the doors in Spring/Summer of next year. We look forward to the continued relationship with Foley, it’s been an incredible ride to get to this point,” said Burton.

Publix was founded in 1930. They are the largest employee owned grocery store chain in the United States, employing more than 190,000 people, with more than 1,187 store locations. With a key mission to be the premier quality food retailer, they commit to passionately focusing on customer value.

Burton Property Group, founded in 2012, is a private regional commercial real estate investment, development, and management firm. The firm has closed over $575 million in real estate developments and currently owns and manages a portfolio of $200 million of commercial real estate in the Southeast.

Since 2016, the U.S. Department of Treasury, through its New Markets Tax Credits Program, has awarded United Bancorporation of Alabama (OTC: UBAB), the parent corporation of United Bank and UBCD, $120 million in New Markets Tax Credits allocations. UBA, and subsequently UBCD, are the only community development entities (CDE) headquartered in Alabama to receive a New Markets allocation from Treasury in the last decade. This success was made possible largely because of United Bank’s designation as a Community Development Financial Institution (CDFI) and the organization’s unwavering commitment to its CDFI mission to bring positive and sustainable economic and quality-of-life improvements to underserved communities, not only in its traditional banking footprint, but throughout the entire states of Alabama and Florida.

Additionally, UBCD, as the community-development management entity for UBA, manages a $40 million Community Facilities Lending Program, which provides accessible, low-cost capital to local government and non-profits qualifying areas. UBCD also manages the $4 million Capital Magnet Fund Award that Treasury recently provided to United Bank to facilitate accessible, affordable and quality housing to underserved communities. Like the New Markets Tax Credits awards, UBCD is the only Alabama-based entity to receive and administer these programs.

For more information about UB Community Development or for help in planning your next funding project, contact Wes Young, Vice President of UB Community Development at (251) 446-6195 or wes.young@ubcommunitydevelopment.com. For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations at (251) 446-6004 or email tonya.lambert@unitedbank.com.

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About United Bank
United Bank is a $650 million financial institution that has enjoyed 114 years of service. United Bank has offices in Atmore, Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, 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. Member FDIC.

About UB Community Development
UB Community Development’s history in New Market Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for low-income and rural economic and community development. Through our various programs and projects, UBCD is working with community development partners in the fields of healthcare, education, manufacturing public works and more. For more information about UB Community Development, visit our website at www.ubcommunitydevelopment.com.

United Bank Awarded $4 MM Capital Magnet Fund Award from U.S. Department of Treasury

May 7, 2018 – Atmore, AL – Robert R. Jones, III, President and CEO of United Bank, a subsidiary of United Bancorporation of Alabama, Inc. (OTC: UBAB), announced today that United Bank has received an award of $4 million from the U.S. Department of Treasury’s Capital Magnet Fund (CMF) program. The award will be managed by UB Community Development, LLC, which is a community development partner of United Bank. United Bank was one of only 40 entities nationwide to receive a Capital Magnet Fund award, and its $4 million was one of the largest awards granted to a single entity.

The Capital Magnet Fund is one of the many programs administered by the Department of Treasury’s Community Development Financial Institutions (CDFI) Fund, which utilizes a variety of initiatives to foster economic growth and revitalization across low-income, economically distressed communities, both urban and rural, throughout the United States. The CMF program’s focus is to attract investment for affordable housing and related catalytic economic impact across these communities. CMF proceeds can be used to develop a variety of different housing and quality-of-life projects, from the construction of low-income housing developments to the creation of community service facilities such as daycare centers, workforce development programs, and health care clinics.

Awardees can use the proceeds in a variety of ways, such as creating loan loss reserves to help incentivize mortgage lending to low-income borrowers, creating loan funds designed to assist low-income borrowers with the upfront costs of home buying, pairing with Low-Income Tax Credits to facilitate the construction of multi-family housing developments, among many other strategies. An awardee can also pair its award with those of other awardees or across different CDFI-administered programs to enhance the amount of capital delivered to a project.

While discussing the CMF Award, Mr. Jones noted that “the CMF award helps to ensure our continued efforts in sustaining and improving communities across Alabama and beyond. United Bank, through its partnership with UBCD, is honored to be a recipient of this award and have the opportunity to develop projects aimed at providing better housing options for low-income families and creating new economic opportunities throughout Alabama and Florida.”

In addition to the CMF award, since 2016, the U.S. Department of Treasury, through its New Markets Tax Credits Program, has awarded UBA and UBCD $120 million in New Markets Tax Credits allocations. UBA, and subsequently UBCD, are the only community development entities (CDE) headquartered in Alabama to receive a New Markets allocation from Treasury in the last decade. This success was made possible largely because of United Bank’s designation as a CDFI bank and the organization’s unwavering commitment to its CDFI mission to bring positive and sustainable economic and quality-of-life improvements to low-income and underserved communities, not only in its traditional banking footprint, but throughout the entire states of Alabama and Florida.

Additionally, UBCD, as the community-development management entity for UBA, manages a $40 million Community Facilities Lending Program, which provides accessible, low-cost capital to local government and non-profits in rural and persistent-poverty areas. Like the New Markets Tax Credits awards, UBCD is the only Alabama-based entity to receive and administer the CMF and Community Facilities awards.

For more information about UB Community Development or for help in planning your next funding project, contact Wes Young, Vice President of UB Community Development at (251) 446-6195 or wes.young@ubcommunitydevelopment.com. For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations at (251) 446-6004 or email tonya.lambert@unitedbank.com.

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About United Bank
United Bank is a $600 million financial institution that has enjoyed 114 years of service. United Bank has offices in Atmore, Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, 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. Member FDIC.

About UB Community Development
UB Community Development’s history in New Market Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for low-income and rural economic and community development. Through our various programs and projects, UBCD is working with community development partners in the fields of healthcare, education, manufacturing public works and more. For more information about UB Community Development, visit our website at www.ubcommunitydevelopment.com.

UB Community Development, LLC Announces $7MM New Market Tax Credit Funding for Talladega College Project

April 30, 2018 – Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today that it has funded a $7 million New Market Tax Credit (NMTC) allocation for Talladega College, allowing the college to construct a new student center, including a health clinic and housing facility. The project’s construction phase is anticipated to create 26 full-time, living-wage jobs that will be filled with qualified applicants from within the project area. After completion, the project is projected to create an additional 42 full-time, living-wage jobs to members of the community.

Founded in 1867 and located in the historic district of Talladega, Alabama, Talladega College is Alabama’s oldest private historically black college. The College has seventeen majors grounded in liberal arts, and due to a low student-to-instructor ratio, is able to offer specialized attention that fosters leadership skills and cultivates individual talents. With an enrollment of more than 1000 students, the college has outgrown its existing dorm facilities. The 45,000 square-foot student housing facility will provide 103 student dormitory rooms that will house 201 students, alleviating rising cost and quality-of-life pressures the college faced by having to house students in off-campus hotels and private homes.

In addition to constructing the student dormitory, UBCD’s tax credit allocation will help construct a much-needed student activity center which will house the on-campus health care clinic. Once completed, the approximately 47,000 square foot student center and health clinic building will include a 100-seat dining hall, full kitchen and concession stand, coffee lounge, convenience grocery store, fitness area, offices and multipurpose rooms. There is a 2,000 seat multi-purpose arena where basketball and volleyball games will be held. Additionally, the facility will house a large ballroom with three breakout rooms for multiple concurrent conferencing sessions, allowing the college, for the first time in its history, to hold on-campus convocation ceremonies, banquets and other meetings. The convenience grocery store, which is located in a designated Food Desert, and health clinic, which expects to serve 2,200 patients annually and is in a medically-underserved census tract, will be accessible to both the student body and to the neighborhoods that surround the college. Both the store and the clinic will serve to improve the quality of life, not only of the students, but also of the community-at-large.

UB Community Development President, Alex Jones, said, “We are excited for the improvements this project will bring not only to Talladega College, but also to the City of Talladega. The

project has many variables that will be beneficial to people in the community, and we are proud to be a part of this development.”

Since 2016, the U.S. Department of Treasury, through its New Markets Tax Credits Program, has awarded United Bancorporation of Alabama (OTC: UBAB), the parent corporation of United Bank and UBCD, $120 million in New Markets Tax Credits allocations. UBA, and subsequently UBCD, are the only community development entities (CDE) headquarted in Alabama to receive a New Markets allocation from Treasury in the last decade. This success was made possible largely because of United Bank’s designation as a Community Development Financial Institution (CDFI) and the organization’s unwavering commitment to its CDFI mission to bring positive and sustainable economic and quality-of-life improvements to low-income and underserved communities, not only in its traditional banking footprint, but throughout the entire states of Alabama and Florida.

Additionally, UBCD, as the community-development management entity for UBA, manages a $40 million Community Facilities Lending Program, which provides accessible, low-cost capital to local government and non-profits in rural and persistent-poverty areas. Finally, UBCD also manages the $4 million Capital Magnet Fund Award that Treasury recently provided to United Bank. The CMF award requires UBCD, in conjunction with United Bank, to inject at least $40 million in capital to facilitate accessible, affordable and quality housing to low-income communities. Like the New Markets Tax Credits awards, UBCD is the only Alabama-based entity to receive and administer these programs.

The College was advised by Atlanta, Georgia based Financial Advisory firm, Bretwood Capital Partners and Legal Counsel was Maynard Cooper & Gayle, Birmingham, Alabama.

For more information about UB Community Development or for help in planning your next funding project, contact Wes Young, Vice President of UB Community Development at (251) 446-6195 or wes.young@ubcommunitydevelopment.com. For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations at (251) 446-6004 or email tonya.lambert@unitedbank.com.

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About United Bank
United Bank is more than $600 million financial institution that has enjoyed 114 years of service. United Bank has offices in Atmore, Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, 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. Member FDIC.

About UB Community Development
UB Community Development’s history in New Market Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for low-income and rural economic and community development. Through our various programs and projects, UBCD is working with community development partners in the fields of healthcare, education, manufacturing public works and more. For more information about UB Community Development, visit our website at www.ubcommunitydevelopment.com

UB Community Development, LLC Announces $8.5MM in New Market Tax Credit Funding for Sterling Packaging, LLC Building Project

March 22, 2018 – Monroeville, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today $8.5MM New Market Tax Credit (NMTC) funding for Sterling Packaging, LLC of Monroeville, AL. With more than 25 years in the industry, the company designs and manufactures folded paperboard cartons for a variety of customers ranging from small, privately owned businesses to Fortune 500 companies. Industries they serve include food, beverage, consumer goods, hardware and industrial parts, pharmaceuticalbeauty, and confectionery.

Sterling Packaging, LLC is most notably known for its emphasis on custom packaging for the craft beer industry. The company has been supporting the industry for more than 15 years. The NMTC allocation of $8.5 million will assist the company in the reuse of a vacant spec building and new equipment purchases that will increase the use of recycled paper and reduce paper waste as compared to their current operations. The project will utilize a 60,000-square foot facility that will include 55,000-square feet of manufacturing and industrial space and 5,000- square feet of office space.

Along with an equity investment from Tuscaloosa-based Druid Capital Partners, the NMTC funding for the project was a critical component that completed the capital structure. UBCD’s President, Alex Jones stated: “UBCD and United Bank are excited to see the Sterling project take off and impact the economy of Monroeville and its residents.”

With much of the workforce coming from Monroeville, Sterling Packaging LLC has partnered with Alabama Industrial Development Training for recruiting, screening, training, and leadership development. Many of the applicants are Monroeville residents who currently drive 2-4 hours for full time employment at a living wage. This project will target 55 new full-time jobs for these individuals and heavily impact their quality of life and that of their families.

UBCD appreciates Sterling Packaging, LLC making donations totaling $42,500 as part of the closing. The donations will go to the following local charities: Monroeville Education Foundation, Monroeville Area YMCA, HIPPY, Pilots for Christ, Camille Place, and Kings Kids Foundation, LLC.

In 2016, United Bancorporation of Alabama became the only CDE headquartered in Alabama to receive a New Market Tax Credit allocation. This $65MM allocation was made possible because of United Bank’s designation as a Community Development Financial Institution (CDFI) and UBCD’s designation as a Community Development Entity (CDE) with a mission to bring economic vitality to rural and low-to-moderate income areas. In 2017, following the successful management and deployment of more than $90MM of New Market Tax Credit funding, UBCD was awarded an additional allocation of $55MM in New Market Tax Credits. This allocation further validates our team’s extensive expertise and passion to bring community oriented economic development projects to qualifying areas.

For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations at (251) 446-6004 or email tonya.lambert@unitedbank.com. For more information about UB Community Development or for help in planning your next funding project, contact Alex Jones, President of UB Community Development at (251) 446-6017 or alex.jones@ubcommunitydevelopment.com.

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About United Bank
United Bank is a $597,000,000 financial institution that has enjoyed 114 years of service. United Bank has offices in Atmore, Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, 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. Member FDIC.

About UB Community Development
UB Community Development’s strong history as an experienced leverage lender in New Market Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for rural economic and community development. Through our NMTC projects and Community Facilities Loan Program, UBCD is working with community development partners in the fields of healthcare, education, manufacturing public works and more. For more information about UB Community Development, visit our website at www.ubcommunitydevelopment.com

About Sterling Packaging
Sterling Packaging was founded in 1989 by the husband and wife team of Jim and Debbie Hickson, in the Canadian city of Winnipeg. Initially a commercial printing operation, the company began manufacturing paperboard packaging in 1992. Whether you desire a new product launch, rebranding, or decreasing your environmental impact, Sterling Packaging has the expertise and experience to deliver the most efficient results. For more information, please visit www.sterlingpackaginginc.com.

About Druid Capital Partners
Formed in 2015, Druid Capital Partners is a boutique investment manager focused on investing in private companies in the Southeast, targeting specialty manufacturing, distribution, and industrial services. Druid Capital invests via majority acquisitions and recapitalizations in established companies alongside motivated, entrepreneurial owners and managers, providing a reliable, trusted, and local source of equity capital. For more information, please visit www.druidcapital.com.

UB Community Development, LLC Announces Community Facilities Lending Funding for City of Satsuma Public Safety Building

March 1, 2018 – Satsuma, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today funding for the construction of the City of Satsuma Public Safety Building through their Community Facilities Lending Program. Mayor Tom Williams announced the city will be replacing their existing public safety building with a new state of the art facility housing their jail, police and fire department. The 9,600 square foot building on 7 acres will receive $2 million of funding from UB Community Development’s Community Facilities Lending Program.

UBCD President Alex Jones said “we look forward to assisting Mayor Williams and the City of Satsuma to construct this new facility. After visiting the existing facility, talking with the Mayor and the first responders, the need for this new facility the community was readily apparent.”

The City of Satsuma is one of the largest communities located near the City of Mobile and has experienced significant growth in the last few years due to its economic development. Their close vicinity to creeks and waterways has made the city known as a gateway to the Mobile Delta and Mobile River.

The overall poor physical condition of the existing facility coupled with safety issues led to the unanimous decision to replace the current facility. Several improvements will be added to the new facility such as: correcting the undersized dispatch doors that prevent the fire engines from pulling through the facility, a separate decontamination area for personnel and equipment, and an improved secure area for prisoner housing and an updated dispatch room.

Improving the public safety facility will better serve the community and residents of the City of Satsuma and expand the overall quality of the City’s first response capabilities. The building site will be east of Old Highway 43, north of Juniper Avenue. This location will allow access to Highway 43 which connects the majority of the city.

In 2016, United Bancorporation of Alabama became the only CDE headquartered in Alabama to receive a New Market Tax Credit allocation. This $65MM allocation was made possible because of United Bank’s designation as a Community Development Financial Institution (CDFI) and UBCD’s designation as a Community Development Entity (CDE) with a mission to bring economic viability to rural and low-to-moderate income areas. In 2017, following the successful management and deployment of more than $90MM of New Market Tax Credit funding, UBCD was awarded an allocation of $55MM of New Market Tax Credits. Since earning the CDFI designation in 2010, United Bank’s team has focused on creating products and services that positively impact consumers and small business. United Bank has been recognized by the FDIC for its work in these areas.

For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations at (251) 446-6004 or email tonya.lambert@unitedbank.com. For more information about UB Community Development or for help in planning your next funding project, contact Alex Jones, President of UB Community Development at (251) 446-6017 or alex.jones@ubcommunitydevelopment.com.

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About United Bank
United Bank is a $597,000,000 financial institution that has enjoyed 114 years of service. United Bank has offices in Atmore, Brewton, Flomaton, Monroeville, Frisco City, Greensboro, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, 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. Member FDIC.

About UB Community Development
UB Community Development’s strong history as an experienced leverage lender in New Market Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for rural economic and community development. Through our NMTC projects and Community Facilities Loan Program, UBCD is working with community development partners in the fields of healthcare, education, manufacturing public works and more. For more information about UB Community Development, visit our website at www.ubcommunitydevelopment.com

UB Community Development, LLC Announces Funding for Pursell Agri-Tech, LLC Project

February 28, 2018 – Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the New Market Tax Credit funding for Pursell Agri-Tech, LLC. For more than a century, Pursell has been a leader in the fertilizer industry known for developing innovative controlled release fertilizer technologies and micronutrient delivery systems. In October 2017, Pursell launched Pursell Agri-Tech to continue to add to its plant nutrition legacy.

UBCD’s President, Alex Jones stated: “UBCD and United Bank are excited to see the Pursell Agri-Tech project come to fruitition. The Pursell’s commitment to sustatinable agriculture and rural economic development made our pariticpation in this project a perfect fit for our objectives of job creation and community vitality. We congratulate Taylor Pursell and the entire team.”

Headquartered in Sylacauga, Alabama, Pursell Agri-Tech has developed a new technology to coat fertilizers at very competitive cost levels. The project for Pursell Agri-Tech will renovate an existing site and construct an additional expansion. Of the total $15 million project cost, UB Community Development allocated $7 million of New Martket Tax Credits to the development and United Bank provided financing. The expansion will include an almost 10,000 square facillity with manufacturing, industrial space and office space. This project will retain 50 direct full-time jobs, create 10 new direct jobs and 18 temporary construction jobs.

Pursell has committed to job training and advancement opportunities for new and existing employees. The workforce for this project will be hired from the local community and additional industrial investments are anticipated which will further benefit the area. New Market Tax Credits have allowed the startup of Pursell Agri-Tech to move forward with a larger facility than was previously contemplated.

In 2016, United Bancorporation of Alabama became the only CDE headquartered in Alabama to receive a New Market Tax Credit allocation. This $65MM allocation was made possible because of United Bank’s designation as a Community Development Financial Institution (CDFI) and UBCD’s designation as a Community Development Entity (CDE) with a mission to bring economic viability to rural and low-to-moderate income areas. In 2017, following the successful management and deployment of more than $90MM of New Market Tax Credit funding, UBCD was awarded an allocation of $55MM in New Market Tax Credits. Since earning the CDFI designation in 2010, United Bank’s team has focused on creating products and services that positively impact consumers and small business. United Bank has been recognized by the FDIC for its work in these areas.

For more information about United Bank, please contact Tonya Lambert, Vice President of Marketing and Public Relations at (251) 446-6004 or email tonya.lambert@unitedbank.com. For more information about UB Community Development or for help in planning your next funding project, contact Alex Jones, President of UB Community Development at (251) 446-6017 or alex.jones@ubcommunitydevelopment.com.

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About United Bank
United Bank is a $597,000,000 financial institution that has enjoyed 114 years of service. United Bank has offices in Atmore, Brewton, Flomaton, Monroeville, Frisco City, Greensboro, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, 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. Member FDIC.

About UB Community Development
UB Community Development’s strong history as an experienced leverage lender in New Market Tax Credit transactions, coupled with our passion for improving the communities around us, make UBCD Alabama’s premier financial partner for rural economic and community development. Through our NMTC projects and Community Facilities Loan Program, UBCD is working with community development partners in the fields of healthcare, education, manufacturing public works and more. For more information about UB Community Development, visit our website at www.ubcommunitydevelopment.com