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CDE: United Bank of Alabama

United Bank of Alabama website

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

  • 2021 Allocation: $45,000,000
  • 2022 Allocation: $65,000,000

Project Profiles and Stories

Bar Pole and Piling Revives Mississippi Mill Using New Markets Tax Credit Funding from UB Community Development; Creates 20 New Full-Time Jobs ()

UB Community Development, LLC (UBCD), a community development partner of United Bank, was pleased to provide a combined $10 million in Federal and Mississippi New Markets Tax Credit (NMTC) funding
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Alabama School of Mathematics & Science (2023)

Mobile, AL

Alabama School of Math and Science (ASMS), founded in 1989 by the state legislature, is the state’s only free, fully public, and residential high school for sophomores, juniors, and seniors

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Ecore (2023)

Ozark, AL

The UB Community Development LLC (UBCD) community development subsidiary of Altmore, Alabama-based United Bancorporation of Alabama (United Bank) will provide a $10 million Federal NMTC allocation to Ecore International Inc.

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University Charter School (2023)

Livingston, AL

Opened in 2018, UCS is a non-profit PreK-12 charter school in Livingston, Alabama. This small town is anchored by the University of Western Alabama (UWA), and the school currently shares

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McNeely Plastic Products (2023)

Clinton, MS

Premium-quality flexible packaging solutions provider McNeely Plastic Products has revealed plans to expand its plastic product manufacturing facility in Clinton, Mississippi, US. The company received $4.5m Federal NMTC (NMTC) allocation

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Nextec (2022)

Birmingham, AL
Renovation and restoration of the vacant 47,000 sq. ft. 90-year old historic Edwards Motor Company building.
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HarbisonWalker International Plant (2022)

Fairfield, AL

The project at Fairfield will include the removal of antiquated equipment and installation of new, modernized manufacturing equipment. The current plant configuration and equipment are not setup for use in

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Hamilton Home Builders (2019)

Hamilton, AL
This project supported a company which assembles and produces manufactured homes for sale throughout the Southern U.S.
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Globe Metallurgical, Inc. (2023)

Selma, AL
  • Business Development, Machine Shops and Metal Fabrication, Manufacturing, Plastics and Chemicals, Tech Manufacturing
  • CDEs: United Bank of Alabama
$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama
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UB Community Development Announces $13.5 Million in New Markets Tax Credit Funds to Globe Metallurgical, Inc. ()

$13.5 million in New Markets Tax Credit allocations toward the silicon metal manufacturing facility in Selma, Alabama
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Coastal Alabama Community College – Bay Minette Campus (2018)

Bay Minette, AL

This LEED Certified project consists of a new 2-story, approximately 42,000 square feet detached educational & administration building for Faulkner State Community College (now Coastal Alabama Community College). This building

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Auburn Research Park advances innovation in Alabama ()

  • Adult Education, Business Development, College or Vocational Training, Community, Daycare and Early Childhood, Incubator, Mixed-use, Nonprofit Hub, Research, Youth and Families
  • CDEs: Truist, United Bank of Alabama
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$14 million goal met in plan to transform Mobile’s historic Barton Academy school building ()

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American Peanut Growers Group to Open New Facility Creating 90 Jobs ()

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JHB Auto Parts (2019)

Century, FL

The company is an operating business that engages in the sale of automotive parts and mechanic services. It will use the proceeds to acquire a new commercial facility to begin

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Enviva Pellets (2022)

Epes, AL

The building of the world’s largest wood pellet plant in Epes, Alabama. Enviva is the largest producer of industrial wood pellets, a renewable energy alternative to fossil fuels. Enviva’s sustainable

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American Peanut Growers Group, LLC (2021)

Donalsonville, GA

Formed in 2003, American Peanut Growers Group LLC is a farmer-owned cooperative shelling plant that returns the profit over the farmer stock price directly back to the growers through distributions,

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UB Community Development Announces $42.5 Million in New Markets Tax Credit Funds to Enviva Pellets Epes Finance Company, LLC ()

UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the closing of a $42.5 million New Markets Tax Credit (NMTC) allocation to support the building
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Community Foundation of South Alabama (2020)

Mobile, AL
Construction of a 6,919 sq. ft. office facility that provides convening space for agencies, businesses, and community leaders to meet and address issues.
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Colormasters/Master Extrusion (2020)

Albertville, AL
Purchase and installation of new equipment for the expansion of a manufacturing operation in rural Albertville, AL.
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Talladega College Student Center (2018)

Talladega, AL
NMTCs Put Major Construction at Iconic Alabama College over the Top
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Sterling Packaging (2018)

Monroeville, AL
The relocation of a Canadian based company to Alabama where it opened a packaging facility.
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Monroeville Downtown Historic Restorations (2019)

Monroeville, AL
This project involves the acquisition and rehabilitation of multiple commercial buildings in downtown Monroeville, AL. The project brought a big boost to Monroeville's downtown corridor.
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Barton Hall (2020)

Mobile, AL
Renovation of the historic Barton Academy Building into an internationally focused, public school within the Mobile County Public School System.
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Sweet Brew Tea (2018)

Loxley, AL
Financing for a new Southern Visions facility located in Bay Minette, Alabama.
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ALDI Florida (2018)

Haines City, FL
A 200,000 square foot expansion of a distribution center, providing necessary space to handle the increase in volume of products held for distribution.
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Foley Grocer (2018)

Foley, AL
The 5th phase in a 5-phase commercial development located at the Project site in Foley, AL.
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Escambia Peanut (2020)

Flomaton, AL
A Flomaton-based peanut warehousing facility received $11.6 million in NMTC funds to consolidate ownership among its family farmer members.
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Auburn Research Park (2019)

Auburn, AL
  • Adult Education, Business Development, College or Vocational Training, Community, Daycare and Early Childhood, Incubator, Mixed-use, Nonprofit Hub, Research, Youth and Families
  • CDEs: Truist, United Bank of Alabama
NMTC equity helped fund the construction of a 105,000-sq. ft. office building at Auburn University in Alabama.
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Coastal Growers (2021)

Atmore, AL
A new 475,000-sq. ft. facility sources peanuts within a 200 mile radius from farms in Mississippi, Alabama, Georgia and Florida and creates 130 permanent jobs with training and career advancement
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Athens Limestone Hospital Surgery Tower (2018)

Athens, AL
A surgery center expansion that focuses on lower-acuity, out-patient based surgeries.
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Abbeville Fiber Sawmill (2018)

Abbeyville, AL
After sitting vacant for more than a decade, the former WestPoint Stevens building in Abbeville is now buzzing with new life and 115 jobs after a $40 million transformation by
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Escambia Peanut Receives 116M in New Markets Tax Credit Allocation ()

A Flomaton-based peanut warehousing facility received $11.6 million in NMTC funds to consolidate ownership among its family farmer members.
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UB Community Development, LLC, announces $6 Million in New Market Tax Credit Funding and 75 Jobs for Expansion of Sweet Brew’s Existing Operations ()

Financing for a new Southern Visions facility located in Bay Minette, Alabama.
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