Urban Partnership Bank to Expand into Pullman Community, New Branch to be Located in Walmart

Chicago, IL--(June 13, 2013)-- Urban Partnership Bank today announced a lease agreement to open a new full-service bank branch in Chicago’s historic Pullman neighborhood’s new Walmart Supercenter. The branch, its eleventh in Chicago, will be located inside the Walmart Supercenter that will anchor the new retail center along the Bishop Ford Freeway at 10900 S. Doty Avenue.    

Representatives from Urban Partnership Bank and Walmart along with 9th Ward Alderman Anthony Beale and community representatives gathered today at the new retail center to announce the new agreement. 

“This development has been in the works for many years and I am pleased to see it become a reality with retail tenants our community needs and deserves,” Alderman Beale said. “Our residents now have access to these everyday services right in their own neighborhood.”

Urban Partnership Bank was specifically chosen by Walmart to occupy this new retail space. Walmart worked with Alderman Beale to find a tenant that would not only serve the needs of the community but also help with the continued revitalization of this diverse neighborhood.

The new location is the latest step in the bank’s mission to build stronger urban communities and more secure financial futures for the people who live there.  It will expand the bank’s delivery of affordable, responsible financial services to Pullman, Roseland, and other Southeast Side communities.  In addition, it will allow the bank to offer its products and services to residents of the broader Chicagoland region, including Northwest Indiana and the South suburbs, who are expected to visit the retail center. 

 “We’re excited about this opportunity to participate in the revitalization of Chicago’s historic Pullman and Roseland neighborhoods,” said William Farrow, President and CEO of Urban Partnership Bank.  “This area has a remarkable past and a promising future, and we want to do our part to act as a catalyst for its continued rebirth,” added Farrow.

Walmart Regional Vice President Karisa Sprague acknowledged the partnership between Walmart and Urban Partnership Bank, a first for Walmart in the Chicago area.

“We are pleased we were able to find and work with a company that helps fulfill the needs of our customers in this community,” she said. “We aim to be a store of the community and Urban Partnership Bank helps us meet those goals.”

The new Urban Partnership Bank location, expected to begin construction in July and open later this fall, will offer customers convenient access to a full range of banking services and products for individuals, small businesses, and nonprofits.  The new 755 square-foot, full-service, micro-branch will feature the latest technologies – including a 24/7 ATM and self-service kiosk offering a wide array of financial services– and will be staffed and open for business on Saturdays and Sundays.

In the last 18 months, Urban Partnership Bank opened new full-service branches in the Bronzeville, Loop, Austin, Bellwood, and Greater Grand Crossing neighborhoods.

About Urban Partnership Bank:

Urban Partnership Bank is an FDIC-insured, full-service community development bank with $1 billion in assets that was established in August of 2010. Its mission is to make a difference every day: building vibrant urban neighborhoods, promoting economic and environmental sustainability and creating long-term success for its communities and the bank.
Urban Partnership Bank works together with individuals, small businesses, nonprofits, foundations, and faith-based organizations in underserved and distressed urban communities to deliver quality financial services that often cannot be obtained elsewhere. It strives to catalyze economic and environmentally sustainable opportunities that build better lives and vibrant neighborhoods, while creating long-term success. 

About Walmart:

Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better – anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, more than 245 million customers and members visit our more than 10,800 stores under 69 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2013 sales of approximately $466 billion, Walmart employs more than 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting corporate.walmart.com, on Facebook at facebook.com/walmart and on Twitter at twitter.com/walmartnewsroom. Online merchandise sales are available at www.walmart.com and www.samsclub.com.