United Bank of Philadelphia

30 South 15th Street , Suite 1200
Philadelphia PA, 19102-0000


The United Bank of Philadelphia (UBP) is a full-service commercial bank, chartered in March 1992. The bank has a primary mission of fostering community development by providing lending and financial services to businesses and individuals in the greater Philadelphia region, with special sensitivity to African Americans, Hispanics, Asians, and women. The bank has several branches, all of which primarily serve the Philadelphia Empowerment Zone.

CDFI Awards for United Bank of Philadelphia


BEA (2002) - $198,000

United Bank of Philadelphia in Philadelphia, Pennsylvania, received an award of $198,000 for CDFI Support Activities with the following certified CDFIs: Citizens Trust Bank of Atlanta, Dryades Savings Bank, First Bank of the Americas, Louisville Community Development Bank, Pan American Bank, and Self-Help Credit Union.



CORE (1999) - $3,000,000

The bank will use its $3,000,000 equity investment from the CDFI Fund to achieve the financial strength needed to expand its branch network.



CORE (1997) - $500,000

The bank will use its $500,000 CDFI Fund grant to establish a new nonprofit subsidiary that will provide technical assistance to new/first-time homeowners and small business borrowers, including pre-and post-loan counseling and training. As an intrinsic part of this effort, the Bank has initiated a comprehensive series of outreach programs aimed at neighborhoods, churches and schools. A key goal of the bank"s development strategy and the activities of its new affiliate is to enhance the credit worthiness of borrowers who have not had access to traditional financial service providers and graduate them into the mainstream credit market.



Other Community Development Financial Institutions in Pennsylvania





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