United Bancorporation of Alabama, Inc. Repurchases all Common Stock Held by its 401(K) Employee Stock Ownership Plan [Yahoo! Finance]
UNITED BNCRP OF AL INC A (UBAB)
Company Research
Source: Yahoo! Finance
of all of its shares of common stock held by the United Bancorporation of Alabama , Inc. 401(k) Employee Stock Ownership Plan ("KSOP"). All 197,717 shares of United common stock held by the KSOP were repurchased at per share, for an aggregate purchase price of approximately $10.7 million The transaction was negotiated by representatives of United and the KSOP Trustee, with fiduciary and financial guidance provided by a qualified independent appraiser, an independent opinion as to the adequacy of the consideration paid to the KSOP, and separate counsel for United and the KSOP Trustee. A Special Independent KSOP Trustee was appointed solely for purposes of reviewing and negotiating the terms of the transaction on behalf of the KSOP. The transaction closed on Friday, November 15, 2024. About United Bancorporation of Alabama, Inc. United Bancorporation of Alabama , Inc. is a $1.4 billion financial holding company and parent company of United Bank and UB Community Development, primar
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News
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