CDFI Fund Announces First-Ever Bank Enterprise Award for Urban Partnership Bank

Urban Partnership Bank has been selected to receive a 2013 Bank Enterprise Award (BEA) in the amount of $323,000 from the Community Development Financial Institutions Fund (CDFI Fund).  We are one of only 85 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.

The award demonstrates our commitment to our mission.  To qualify, we were required to illustrate a successful increase in lending and financial services to encourage economic development opportunities in underserved communities. In 2012, our lending increased 63% over the previous year and we are on track in 2013 to eclipse last year’s performance.

Read our awardee profile here.

The private investment in this new financial institution demonstrates commitment to restoring the economic vitality of our communities.

- David Vitale
Chairman, Urban Partnership Bank