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United Bank Wins Eighth New Markets Tax Credit Allocation for $75 Million
United Bank's eighth New Markets Tax Credit allocation totals $500 million to fund rural businesses and nonprofits that create jobs and provide community services.
- On Dec. 30, 2025, United Bank announced a $75 million New Markets Tax Credit allocation awarded by the Department of the Treasury through UB Community Development, marking its eighth NMTC award.
- The New Markets Tax Credit, enacted by Congress in 2000, provides a 39 percent federal tax credit over seven years to encourage private investment in economically distressed communities.
- United Bank, a $1 billion plus financial institution, operates 19 branch offices in Southwest Alabama and Northwest Florida and earned its CDFI designation through expanded community programs.
- The award will fund projects that support small business growth, build manufacturing capacity, create jobs and expand rural hospitals and community health infrastructure in Alabama, Mississippi and Northwest Florida.
- With cumulative NMTC capacity of $500 million, United Bank and UB Community Development thanked the CDFI Fund for its continued support to serve distressed communities in Alabama, Florida and Mississippi.
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United Bank Wins Eighth New Markets Tax Credit Allocation for $75 Million
ATMORE, Ala. , Dec. 30, 2025 /PRNewswire/ -- United Bank is pleased to announce today it has been awarded a $75 million New Markets Tax Credit (NMTC) Allocation by the Department of the Treasury through its affiliated
·New York, United States
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