Urban Partnership Bank Acquired By Providence Bank & Trust

Thursday, September 6, 2018 || By Michael Romain | @maywoodnews 

Featured image: Urban Partership Bank in Bellwood. 

In a joint statement released on Sept. 6, Providence Bank & Trust and Urban Partnership Bank announced that they have reached an agreement for Providence to acquire Urban Partnership. The two banks will combine their operations.

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Urban Partnership Bank, Which Has A Branch In Bellwood, For Sale

Thursday, February 15, 2018 || By Local News Curator || @maywoodnews 

Featured image: Urban Partnership Bank in Bellwood. | Urban Partnership Bank

Crain’s Chicago Business reported on Thursday that Urban Partnership Bank, which was established after ShoreBank failed in 2010, “is seeking a buyer.” The bank has a branch located at 4310 St. Charles Rd., in Bellwood.

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Seaway Bank, Lender to Maywood Taxing Bodies, in Financial Trouble

Wednesday, June 15, 2016 || By Michael Romain || @maywoodnews || @village_free Seaway Bank & Trust, the largest black-owned bank in the Midwest, may have to start raising money to stay solvent, according to a June 11 Crain’s report. As of March 31, the business publication noted, Seaway had lost a total of $16 million over the last 15 months. “Seaway is currently engaging investment bankers for a … Continue reading Seaway Bank, Lender to Maywood Taxing Bodies, in Financial Trouble