University National Bank

200 University Avenue West
St Paul MN, 55103


University Financial Corp. is the holding company for University National Bank, a full-service community bank, that provides check-cashing services, checking accounts, savings accounts, consumer loans, residential loans and small business loans to individuals who live in distressed communities in St. Paul, MN. The Bank provides services to African Americans, Hispanics and Asians (Hmong, Vietnamese and Cambodian). Between 1997 and 1999, University Bank renovated 152 distressed properties, and opened 84 depository accounts for people who had never previously had a banking relationship.

CDFI Awards for University National Bank


BEA (2008) - $675,000

University National Bank has been selected to receive an award of $675,000 through the FY 2008 round of the Bank Enterprise Award Program for its support of affordable housing development loans, small business loans, and commercial real estate loans in distressed communities. University National Bank is a certified CDFI and federally chartered bank with $117 million in assets.



BEA (2007) - $500,000

University National Bank has been selected to receive an award of $976,424 through the FY 2007 round of the Bank Enterprise Award Program for its support of affordable housing development loans, small business loans, and commercial real estate loans to underserved areas in Minnesota. University National Bank is a certified CDFI and national bank with over $117 million in assets.



BEA (2006) - $500,000

University National Bank has been selected to receive an award of $500,000 through the FY 2006 round of the Bank Enterprise Award Program for its support of the community through affordable housing development loans, home improvement loans, and commercial real estate loans to underserved areas of the Twin Cities. University National Bank is a certified CDFI with $109 million in assets.



BEA (2005) - $500,000

University National Bank of St. Paul, Minnesota received a Bank Enterprise Award grant of $395,000 for increasing its residential and commercial real estate lending by $5,000,000 in distressed communities. The awardee is a nationally chartered bank and a certified community development financial institution with total assets of $113 million.



BEA (2003) - $795,969

University Bank received an award of $795,969 for increasing its financing activities in economically distressed areas in St. Paul, Minnesota.



BEA (2002) - $165,750

University National Bank of St. Paul, Minnesota, received an award of $165,750 for Equity Investments and CDFI Support Activities with the following certified CDFIs: First American International Bank, Local Initiatives Support Corporation, Louisville Community Development Bank, Neighborhood National Bank, Shorebank, and Shorebank, Cleveland.



CORE (2001) - $750,000

The CDFI Fund"s loan of $750,000 will allow University Financial Corp. to continue provision of its existing services and to better position the Bank to offer new programs.



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