Company Information

Get to know Urban Partnership Bank

Urban Partnership Bank was a Chicago-based community bank established in August 2010 through a unique partnership of major financial institutions, including Goldman Sachs, Bank of America, and JPMorgan Chase. It was formed to acquire the deposits and certain assets of the failed ShoreBank, with a mission to promote economic development and provide essential financial services in low-to-moderate-income communities in Chicago, Cleveland, and Detroit. The bank focused on commercial lending, personal banking, and revitalizing local economies. However, after years of financial struggle, it was closed by regulators in 2019.

Industry

Financial BankingPRIMARY
Financial Insurance
Financial Other Service

Contact

Social

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Urban Partnership Bank

United States

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

Claim company

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

Provided by TrustFinance

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.