ATLANTA, April 4, 2019 — United Bancorporation of Alabama, Inc. (OTC Pink: UBAB), the holding company of United Bank and UB Community Development, has completed a $26.25 million private placement of common stock.
“We are very pleased to announce the successful completion of our common stock offering,” said United Bank President and Chief Executive Officer Robert R. Jones III. “We believe our growing franchise is well-positioned and that the new capital will allow us to continue to pursue growth opportunities as we strive to create value for our shareholders. We are very excited about the support of our existing shareholders as well as the participation of our new investors.”
The FIG team included Greg Gersack, Senior Managing Principal and Co-Head of Investment Banking; Eric Lawless, Principal and Head of Corporate Development; Matt Hobert, Vice President; and Lozan Aleksandrov, Senior Vice President and Deputy Head of Capital Markets.