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Community Facilities Loans Closed in 2024
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Jobs Created in 2024
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Affordable Housing Projects Closed in 2024
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About United Bank
Founded in 1904, United Bank is a community bank that is deeply rooted in the communities it serves through its 17 branches. The bank’s community development initiatives are directed towards improving the social and economic conditions of the distressed communities and underserved individuals throughout rural southwest Alabama and northwest Florida. United Bank is a certified Community Development Financial Institution, and was a recipient of the 2011 FDIC Chairman’s Award for Excellence for developing a checking account for consumers with low or no credit scores. In all things, United Bank seeks to accomplish its mission of “Strength through service excellence.”
United Bank Impact Story
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Gulf Distributing Company
UB Community Development provided $7 million in NMTC funding to Gulf Distributing Company of Mobile for the acquisition and renovation of the former Mobile Press Register building. The facility will house Gulf Distributing’s 257 current employees and create 65 new jobs. Additionally, 75,000 of the 243,000 square feet will be leased to other tenants, bringing more jobs to Downtown Mobile.
Maryvale Place
Maryvale Place is a multifamily affordable housing development that was built on the site of the former Mae Eanes Middle School. This modern apartment complex for families has 96 units with one to three bedrooms. The property includes a clubhouse, laundry room, picnic pavilion with grills, and a playground. Maryvale Place brought together numerous community partners who expect the development to serve as a catalyst for revitalization in the surrounding neighborhood.
Pilot Travel Center
UB Community Development provided $7 million of New Markets Tax Credits allocation and United Bank provided a loan to facilitate the acquisition and development of the site. The travel center is located at the primary Tuskegee exit on I-85 and includes a convenience store, truck fueling station and restaurant. This investment created 47 new jobs and is part of a larger $15 million plan to revitalize Tuskegee’s 100-acre commerce park.