| Industry | Banking |
|---|---|
| Founded | 2010 |
| Headquarters | Chicago, IL, United States |
Key people |
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| Website | www.upbnk.com |
Urban Partnership Bank was a Federal Deposit Insurance Corporation, full-service community development bank in the United States with $1.4 billion in assets. It was established on August 20, 2010 when it acquired the deposits and some of the assets of ShoreBank from the FDIC. It was headquartered in Chicago, Illinois. After chronic losses, it was acquired on Jan 30, 2019 by Providence Bank & Trust.
The bank's stated mission was to build vibrant urban neighborhoods, promote economic and environmental sustainability in distressed and underserved areas of Chicago, Cleveland, and Detroit. Its customers ranged from individuals to small businesses, nonprofits, foundations, and faith-based organizations. The bank placed a special emphasis on serving underbanked populations.[1]