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United Bancorporation of Alabama, Inc.
Video analysis: UBAB
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News: UBAB
United Bancorporation of Alabama, Inc. Addresses Latest Letter from Merion Road Capital Management and Blue Hill Advisors
ATMORE, Ala., Sept. 9, 2026 /PRNewswire/ -- (OTCQX: UBAB) – United Bancorporation of Alabama, Inc. (the "Company" or "United") today issued the following statement in response to the recent public communication from Merion Road Capital Management and Blue Hill Advisors LLC (collectively, the "Activist Group"), which together purport to own approximately 2% of the Company's outstanding shares: United's Board of Directors (the "Board") and management team are fully committed to acting in the best interests of all stockholders, including the approximately 98% of the Company's investor base unassociated with the recently formed Activist Group.
MERION ROAD CAPITAL AND BLUE HILL ADVISORS REQUEST BOARD REPRESENTATION AT UNITED BANCORPORATION OF ALABAMA
Would Bring Much Needed Capital Allocation Expertise to the Board at Critical Juncture Cite Lack of Concrete Progress on Proposals Raised During Extended Engagement MIAMI, Sept. 8, 2026 /PRNewswire/ -- Merion Road Capital Management, LLC ("MRCM") and Blue Hill Advisors LLC ("BHA") (collectively, the "Investors"), shareholders of United Bancorporation of Alabama, Inc. ("UBAB" or the "Company") (OTCQX: UBAB), today sent a letter to the Company's Board of Directors formally requesting the appointment of MRCM Manager, Aaron Sallen, and BHA Managing Member, Jason Blumberg, as independent directors.
$6 Million in New Markets Tax Credit Financing for the Acquisition, Renovation, and Equipping of a Tractor Assembly Facility in Monroeville, AL
$6 Million in New Markets Tax Credit Financing for the Acquisition, Renovation, and Equipping of a Tractor Assembly Facility in Monroeville, AL
$6 Million in New Markets Tax Credit Financing for the Acquisition, Renovation, and Equipping of a Tractor Assembly Facility in Monroeville, AL
ATMORE, Ala., Aug. 18, 2026 /PRNewswire/ -- UB Community Development (UBCD), a community development partner of United Bank is pleased to announce its role in the $28 million New Markets Tax Credits (NMTC) financing for the redevelopment of a former apparel distribution facility into an assembly, manufacturing and distribution plant in Monroeville, Alabama.
United Bancorporation of Alabama, Inc. Announces Second Quarter Results
Delivers net income and EPS growth for both 1H and Q2 Marks four consecutive quarters of deposit growth ATMORE, Ala., Aug. 5, 2026 /PRNewswire/ -- (OTCQX: UBAB) - United Bancorporation of Alabama, Inc. reported net income of $11.3 million for the six months ended June 30, 2026, compared to net income of $9.3 million for the same period last year, representing an approximate 21.5% increase.
UNITED BANCORPORATION OF ALABAMA, INC. ISSUES STATEMENT REGARDING MERION ROAD CAPITAL MANAGEMENT AND BLUE HILL ADVISORS
ATMORE, Ala., July 8, 2026 /PRNewswire/ -- (OTCQX: UBAB) - United Bancorporation of Alabama, Inc. (the "Company"), the parent company of United Bank (the "Bank"), confirmed that it has received the letter jointly issued by Merion Road Capital Management and Blue Hill Advisors LLC on July 7, 2026.
Merion Road Capital Management and Blue Hill Advisors urge United Bancorporation of Alabama to return excess capital, improve profitability, and strengthen corporate governance
MIAMI, July 7, 2026 /PRNewswire/ -- Merion Road Capital Management, LLC and Blue Hill Advisors LLC today issued a letter to United Bancorporation of Alabama, Inc (OTC: UBAB) urging the Board of Directors to execute a sizable tender offer utilizing its excess capital, improve operating efficiencies, and strengthen its corporate governance with a reassessment of its directors. A full copy of the letter is provided below: July 7, 2026 The Board of DirectorsUnited Bancorporation of Alabama, Inc.200 East Nashville AvenueAtmore AL, 36502 Attention: Michael Vincent, President and CEO, and the Board of Directors Merion Road Capital Management and Blue Hill Advisors (together, "we") have been investors in United Bancorporation of Alabama, Inc. ("UBAB" or the "Company") since 2022 and currently own approximately 2% of the outstanding shares.
United Bancorporation of Alabama, Inc. Announces Dividend
ATMORE, Ala., June 18, 2026 /PRNewswire/ -- (OTCQX: UBAB)- United Bancorporation of Alabama, Inc. announces a semiannual dividend of $0.71 per share.
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