United Bancorporation of Alabama, Inc. Acquires Town-Country National Bank

March 16, 2021

United Bancorporation of Alabama, Inc. (United Bank) signed a definitive agreement to acquire Town-Country National Bank, a Camden, Alabama community bank with approximately $126.2 million in assets, for aggregate cash consideration of $28.5 million. Town-Country will rebrand as Town-Country United Bank and operate as a separate banking subsidiary; TCNB shareholders will receive cash consideration (with a portion paid as a special dividend) and the deal is expected to close in early Q3 2021 subject to shareholder and regulatory approvals.

Buyers
United Bancorporation of Alabama, Inc.
Targets
Town-Country National Bank
Sellers
Shareholders of Town-Country National Bank
Location
Alabama, United States
Transaction Type
Buyout

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