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CHICAGO, ILLINOIS - Urban Partnership Bank (UPB, www.upbnk.com) announced today the launch of its 2016 capital raise. The Bank, which was formed in August 2010 to acquire from the FDIC approximately $1.3 billion in assets of the failed ShoreBank, is seeking to augment its equity capital base in order to continue its lending in low- and moderate- income inner city minority neighborhoods in Chicago and Detroit.
CHICAGO, ILLINOIS - Urban Partnership Bank (UPB, www.upbnk.com) the community bank established in 2010 has announced that consistent with its strategic plan, it is on track to continue to deploy capital in low and moderate income (LMI) neighborhoods through commercial lending in the upcoming year.
Urban Partnership Bank has been selected to receive a 2014 Bank Enterprise Award (BEA) in the amount of $355,000 from the Community Development Financial Institutions Fund (CDFI Fund). The bank is only one of 69 FDIC-insured depository institutions from across the country whose application was selected to receive this award which will be used to make loans to help support small businesses and affordable housing opportunities in our communities.
Detroit, MI —(May 15, 2014)—Levoi K. Brown, Chief Banking Officer of Urban Partnership Bank, announced today that Kevin M. Sweeney (54 years old), formerly a Director for the Midwest Market with the Nonprofit Finance Fund (Detroit, MI), has joined Urban Partnership Bank as the Market Director for Detroit, MI.
Detroit, MI —(May 15, 2014)—Levoi K. Brown, Chief Banking Officer of Urban Partnership Bank, announced today that Beverley V. Loyd (55 years old), formerly an Asset Manager for the bank’s Managed Assets Group, has been promoted to Senior Business Banker.
Q2, a leading provider of enterprise solutions for secure virtual banking, together with Urban Partnership Bank, today announced the successful implementation of upbAnywhere for online and mobile banking. Using the Q2platform, Urban Partnership Bank account holders can now securely access their bank accounts and manage money whenever and wherever they want using a computer, tablet or mobile phone.
Emphasis in 2014 and beyond on commercial lending and repositioning branch banking
December 16, 2013 (Chicago, IL)-- William Farrow, President and CEO of Urban Partnership Bank, announced today new strategies and initiatives to bolster the bank’s commercial banking business and reposition its branch banking services. These initiatives are designed to build sustainable profitability for the bank and a strong financial foundation for its customers and urban communities.
Urban Partnership Bank has been selected by the Community Development Financial Institutions Fund (CDFI Fund) to receive a 2013 Bank Enterprise Award (BEA), an award which will be used to make loans to help support small businesses and affordable housing opportunities in our communities.
William Farrow, President and CEO of Urban Partnership Bank, announced today the grand opening of the bank’s new financial center located inside the Walmart Supercenter in Chicago’s historic Pullman neighborhood at 10900 South Doty Avenue along the Bishop Ford freeway.
[Our executive team] brings leadership and expertise to Urban Partnership Bank that will help us provide underserved urban neighborhoods with quality financial services and contribute to our long-term success as a strong community development bank.
- William Farrow
President and CEO, Urban Partnership Bank