UBAB acquires Town-Country National Bank
Special to Atmore News United Bancorporation of Alabama, Inc. (“UBAB”) announced last week that it has signed a definitive agreement to acquire Town-Country National Bank (“TCNB”), a Camden, Ala. based community bank with approximately $126.2 million in total assets as of December 31, 2020. TCNB shareholders will receive aggregate cash consideration of $28.5 million, with a portion of the consideration paid as a special dividend prior to the close of…