Crain's & Urban Partnership Bank Year End 2014

The story reports Urban Partnership Bank incurred a net loss of $39 million for 2014 but much of it was the direct result of the ShoreBank loan portfolio and the costs of restructuring and servicing the distressed loans. While working through these loans according to the FDIC rules, the bank remains well capitalized at 8.17% and has increased lending by 17% in 2014 over the previous year. With lending commitments now over $221 million and credit quality pointing toward strong growth, the bank is expecting to put capital into urban neighborhoods to help achieve our mission in a profitable and sustainable manner.  

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