United Bank

What United Bank does

United Bank, operating through its parent United Bancorporation of Alabama, Inc. (OTCQX: UBAB), is a community-chartered commercial bank founded in 1904 as the Bank of Atmore, Alabama. The bank operates 19 branches across Southwest Alabama, Central Alabama, Northwest Florida, the Florida Panhandle, and Southeast Mississippi, plus a dedicated agricultural lending office. As of late 2025, the institution holds approximately $1.4 billion in total assets and is led by CEO Michael Vincent and CFO Leigh Anne Jones.

The bank's revenue model rests on three pillars: net interest income from a diversified loan portfolio (residential mortgages, consumer loans, small business commercial real estate and lines of credit, SBA 7(A) and 504 loans, agricultural real estate and equipment, and FarmerMac-financed farm and timberland loans), deposit and transaction-related fees (overdraft at $34 per item, monthly maintenance fees, ATM fees), and fee-based revenue from Visa credit card interchange and wholly-owned subsidiary activities. Distribution combines the physical branch network with the United Bank Digital mobile app (iOS and Android), online account opening, telephone BankLine service, and ATM networks. Wholly-owned subsidiaries include United Insurance Services Inc. (brokerage for life, disability, and business coverage) and UB Community Development, LLC (New Markets Tax Credit and Capital Magnet Fund deployment). The bank holds CDFI certification since August 27, 2010, and referral partnerships with LPL Financial (brokerage/annuities), FarmerMac and Agri-Access (agricultural financing), and the U.S. Small Business Administration.

Customer acquisition runs through community events and sponsorships, financial education programs (Financial Focus platform via Everfi, Junior Achievement BizTown Summer Camp), social media (YouTube, Facebook, LinkedIn), and traditional local press. United Bank serves three primary segments: personal banking consumers, local small businesses, and agricultural customers (farm families and agribusinesses). Regulatory designations include FDIC-insured depositor status, Equal Housing Lender status, and compliance with the USA PATRIOT Act, Title VI of the Civil Rights Act, and Section 508 accessibility standards. FY2025 results showed net income of $17.2 million on revenue of approximately $89.83 million, a 36% earnings decline year-over-year attributed to net interest margin pressure.

Name

United Bank

Legal name

United Bancorporation of Alabama, Inc.

Website

https://unitedbank.com

Company type

Public

Founded year

1904

Operating status

Operating

Headcount range

51–100 employees

Short description

United Bank is a community-chartered commercial bank founded in 1904, operating 19 branches across Southwest Alabama, Northwest Florida, and the Florida Panhandle with approximately $1.4 billion in assets. It serves personal banking consumers, small businesses, and agricultural customers with deposit products, consumer and commercial loans, SBA financing, and farmer lending via wholly-owned insurance and community development subsidiaries.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Agricultural lending
• Commercial banking
• Consumer lending
• Wealth management

Headquarters

HQ city

Atmore

HQ country

United States

HQ region

North America

Offices20 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including mortgage loans, auto loans, personal loans, business loans, and agricultural loans. The bank offers competitive rates on various loan products generating recurring interest income.
2. Deposit Account Fees and Services: Fees from checking accounts, savings accounts, CDs, money market accounts, and related banking services including overdraft fees, ATM fees, and monthly maintenance charges.
3. Credit Card Revenue: Revenue from Visa credit card transactions, annual fees, and interest charges on outstanding balances for both personal and business credit cards.
4. Investment and Insurance Services: Revenue from partnership with LPL Financial for investment and brokerage services, and United Insurance Services Inc. for insurance products, including annuities, life insurance, and disability coverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

United Bank is a community-focused regional bank providing deposit accounts (checking, savings, CDs, money markets), consumer lending (mortgages, auto, boat/RV, personal loans, credit cards), business banking (commercial loans, SBA programs, business credit cards), agricultural lending (farm real estate, equipment, crop production lines, FarmerMac), wealth services (investment/brokerage through LPL Financial), and insurance through its United Insurance Services subsidiary. The bank operates 19 branches across Southwest Alabama and Northwest Florida with digital banking via mobile app and online channels.

Product overview

United Bank is a community bank offering a comprehensive suite of personal, business, and agricultural banking products and services across Alabama and Florida through 19 branch locations. The bank operates as a unified full-service financial institution with personal banking (checking, savings, CDs, money markets), consumer lending (auto, personal, credit cards), business banking (commercial loans, SBA programs, business credit cards), agricultural banking (farm real estate, equipment, crop production, FarmerMac), wealth management (investment/brokerage through LPL Financial), and insurance services. Community development initiatives include CDFI-certified programs, New Markets Tax Credits, Gateway Checking (second-chance banking), Credit Advantage Loans, and financial education through Financial Focus platform.

Differentiator

Problem solved

Functional benefit

Brands

• United Insurance Services Inc. Wholly-owned insurance brokerage subsidiary offering term life, whole life, universal life, disability, and business insurance products.
• UB Community Development
• Financial Focus

Products and services

• Val U Checking

Quantifiable outcome

• Received $9 million Capital Magnet Fund award from CDFI Fund for affordable housing projects
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature1 record

Partnerships

Seven partnerships are on record, tiered minor and core.

• Junior AchievementminorStrategic or Co-development Partner · 5 June 2026Partnership to deliver BizTown Summer Camp in Bay Minette, Alabama, teaching financial literacy to elementary school students through hands-on activities including Monopoly-style business simulations.
• MBA Engineering, LLCcoreStrategic or Co-development Partner · 12 January 2026$11 million New Markets Tax Credit financing partnership to redevelop the historic Wade Wood Building in Birmingham's Parkside District. MBA Engineers serves as anchor tenant occupying over 11,000 square feet of the 21,000-square-foot commercial space.
• LPL FinancialcoreChannel Partner/ Reseller/ DistributorInvestment and brokerage services partnership providing customers access to IRA/401(k) distribution, mutual funds, stocks, bonds, annuities, and college investment plans through LPL Financial representatives located at United Bank.
• United Insurance Services Inc.coreChannel Partner/ Reseller/ DistributorWholly-owned insurance subsidiary providing term life, whole life, universal life, disability insurance, and business coverage through partnership with industry leading insurers.
• FarmerMac (Federal Agricultural Mortgage Corporation)minorStrategic or Co-development PartnerPartnership to offer long-term agricultural real estate financing including first mortgages, revolving lines of credit, fixed-rate financing up to 30 years for farms and timberland with minimum 5-acre requirement.
• Agri-AccessminorStrategic or Co-development PartnerPartnership with Iowa-based lender offering long-term, fixed-rate and variable-rate agricultural loans with various repayment periods for land loans across all regions and commodities.
• USDA Farm Service AgencyminorOthersReferral partnership for USDA financing programs for farm and business operations, directing customers to USDA website for information on available loan programs.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• SmartFinancial Financial: Tennessee-based community bank with growing Southeast presence and digital-forward platform — competes for digitally-engaged small-business and consumer customers in markets adjacent to United Bank's territory.

Direct peers

• Southern States Bank: Alabama-based community bank headquartered in Anniston, serving consumer and small-business customers across the state — comparable asset scale and similar community-bank orientation in Alabama.
• Progress Bank and Trust: Alabama-headquartered community bank operating across North/Central Alabama with personal, business, and mortgage lending — competes in overlapping Alabama markets with United Bank for similar customer segments.
• BancorpSouth (now Cadence Bank): Mississippi-headquartered bank with deep branch presence across Alabama, Florida, and the broader Southeast — overlapping geography with United Bank and competing directly for similar consumer, small-business, and agricultural customers.
• First Bancshares (The First Bank): Hattiesburg, Mississippi-based bank holding company operating across the Gulf Coast region including Alabama and Florida, with a similar community-banking model and asset range — directly comparable geography and product mix.
• Renasant Corporation: Tupelo, Mississippi-based bank holding company with comparable Southeast community-bank footprint, full personal/business/agricultural banking services, and a similar asset base — making it the closest publicly-traded peer to United Bancorporation of Alabama.

Broad incumbents

• SouthState Corporation (now part of WaFd/Centerbridge-led entity): Large Southeast regional bank with Alabama/Florida branch presence following its Centerbridge-led merger — a broad incumbent offering community-style banking alongside larger commercial capabilities in overlapping geographies.
• ServisFirst Bancshares: Birmingham, Alabama-based bank holding company operating across Alabama, Florida, and other Southeast markets — a larger incumbent that competes with United Bank in business banking and commercial lending in shared Alabama/Florida markets.
• Regions Financial: Major Birmingham, Alabama-headquartered regional bank with deep branch and digital presence across Alabama and Florida — the dominant incumbent competitor for retail and small-business deposits and loans in United Bank's footprint.
• Trustmark Corporation: Jackson, Mississippi-based regional bank with a larger asset base and broader Mississippi/Alabama/Florida/Texas footprint — provides community-banking products that overlap with United Bank's offerings in overlapping geographies.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@UnitedBankAtmore
• Facebookfacebook.com/unitedbankatmore
• LinkedInlinkedin.com/company/united-bank-of-southwest-alabama-&-northwest-florida

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about United Bank