Contact: Brian J. Berg 773.420.466
Urban Partnership Bank Signs new Lease in Kenwood: Continues Search for new Bronzeville and Nonprofit Center locations
Chicago, IL-(March 17, 2011)- Urban Partnership Bank announced today that the bank has secured a new lease at its present Kenwood location while it moves closer to identifying a new Bronzeville location and Nonprofit Financial Center.
The new lease at its present Kenwood location at 4659 S. Cottage Grove will enable Urban Partnership Bank to equip the branch with newer technologies, offer uninterrupted service during this transition period, and make other improvements for better customer service.
"The new lease affords us the opportunity to install new infrastructures and technologies that will help us serve all of our customers and the community more effectively and efficiently," said William Farrow, president and CEO of Urban Partnership Bank.
Last December, Urban Partnership Bank announced that in keeping with its mission to create a strong and sustainable financial institution, it had decided to explore opportunities for moving its Kenwood and Bronzeville branches and one of its Nonprofit Financial Centers, located in the Loop, to nearby locations in order to better serve all of its customers and nonprofit and foundation clients.
"Urban Partnership Bank is committed to continuing to serve the needs of the Bronzeville community, and the needs of our nonprofit and foundation customers. It is why we are moving closer to identifying a new Bronzeville branch and nonprofit banking office that will make resources more accessible for generating development opportunities and support for community organizations which help build better lives and a better future," added Farrow.
While Urban Partnership Bank's search progresses, it will close its old branch at 3401 S. King Drive and NonprofitFinancialCenter at 134 N. LaSalle St., at the close of business on March 17. To minimize any inconvenience and ensure uninterrupted service the bank is directing customers in Bronzeville to visit its SouthShore location at 7054 S. Jeffery Blvd., and in Kenwood at 4659 S. Cottage
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The bank is also launching a new retail banking outreach program to ensure uninterrupted service during the transition. Clients of the NonprofitFinancialCenter are being directed to the bank's NonprofitFinancialCenter that remains at 333 S. State St., Chicago.
For additional information about the outreach program or locations, customers should contact Urban Partnership Bank Customer Service at (773) 420.5050 or information@upbnk.com and www.upbnk.com.
Member of the FDICEqual Opportunity LenderAbout Urban Partnership Bank:
Urban Partnership Bank is an FDIC-insured, full-service community development bank with $1.4 billion in assets that was established when it acquired the deposits and some of the assets of ShoreBank from the FDIC 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 in Chicago, Cleveland and Detroit 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.
For additional information about Urban Partnership Bank, call 773.420.5050 or www.upbnk.com.
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