A Word from President Mike Vincent

2022 was an exceptional year loaded with economic challenges and uncertainty, but we’re very pleased with how we performed. Both United Bank and Town-Country United Bank did well, and so did our stock, but we were the exception rather than the rule for 2022.

The lessons we learned during the recessionary period of 2008 and 2009 helped guide our decision-making. Our more stringent underwriting has served us well over the past decade and it’s led us to better analyze credit opportunities. We’re not just asking can customers pay today, but can they pay in riskier, higher rate environments.

Bank revenues tend to increase when rates are going up, but I worry about the impact on our customers. This can be very hard on them and that is a concern. Banking is a relationship business. We are committed to building and maintaining relationships through good times and bad. Our focus on relationships coupled with responsive pricing and superior customer service has helped form our culture.

OUR COMPANY

Technology is ever-changing. At United Bank, we have a strong commitment to keeping up with the latest technology because it helps us provide the best security and more convenience for our customers. But the quest to be on the cutting edge of technology is never-ending. So we’re constantly vetting and putting money behind enhancing our digital products and services. And it’s why we were so excited to launch a completely new website and mobile app in 2022.

President and CEO Mike Vincent said, “Our previous site was dated. The login on the new site is now more convenient and our apps have an updated design. Everything is also more consistent across the board, making it easier for customers to find and get what they need. In other words, we streamlined and simplified.”

Impact Report

UB COMMUNITY DEVELOPMENT:
BUILDING A BETTER COMMUNITY FOR EVERYONE
UB Community Development is a subsidiary of United Bancorporation of Alabama and a community development partner of United Bank. Our designation as a Community Development Entity (CDE), which we received in 2016, allows us to use New Markets Tax Credits, Community Facilities Lending, Community Housing Capital and Capital Magnet Funds to bring investment dollars that create good jobs, build affordable housing and improve infrastructure and public services to rural, low income and underserved communities in our region.

What has now become an integral part of our overall mission and strategy, our work as a CDE has enabled us to bring together federal financing programs, private investment, businesses large and small, municipalities, towns, nonprofit organizations, and developers — all with the goal of increasing opportunity, facilitating growth, and improving the quality of life for everyone who lives or works in the communities we serve.