CDFI Fund Announces 2014 Bank Enterprise Award for Urban Partnership Bank


“The award demonstrates our commitment to our mission,” said Kimberly Jones, Director of Government Relations.  To qualify, Urban Partnership Bank was required to illustrate a successful increase in lending and financial services to encourage economic development opportunities in underserved communities. And in 2013, the bank’s small business and commercial real estate lending increased by 72% over the previous year.

About the BEA Program:

It rewards FDIC institutions for making investments in the most underserved communities in the country.  Since its inception in 1994, the BEA program has awarded grants totaling approximately $411 million.

About the  CDFI Fund:

Since its creation in 1994, the CDFI Fund has awarded more than $2 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the Bank Enterprise Award Program, the Capital Magnet Fund, the Financial Education and Counseling Pilot Program, and the Native American CDFI Assistance Program.