United Bank ranked 14th by American Banker publication list
Published 5:14 pm Monday, June 28, 2021
United Bancorporation of Alabama, the parent company of United Bank and UB Community Development, was ranked 14th the country, according to the American Banker publication’s annual list of the top 200 publicly held banks with assets of less than $2 billion.
The survey reviewed more than 500 banks across the country to compile the top 200 list, according to a release.
“2020 was a challenging year,” said United Bank CEO Robert R. Jones III. “It delivered to us a pandemic, two hurricanes and economic challenges. As consumers and small businesses in rural communities grappled with the onset of COVID-19, United Bank stepped up as an active leader within our community. We conquered those challenges while fulfilling our multi-bottom line mission.”
The survey’s ranking is based on the company’s three-year on average equity (ROAE), a calculation of the bank’s performance over a financial year. United Bancorporation’s three-year ROAE average was 17.21 percent, well above the 500-bank average ROAE of 8.60 percent. The top 200 community banks had median revenue growth of 12.3 percent in 2020, up from 7.3 percent a year earlier. Only one other bank in Alabama ranked in the top 100.
For more information related to the company, please visit the investor relations tab at www.UnitedBank.com.