Urban Partnership Bank

Name

Urban Partnership Bank

Legal name

Providence Bank & Trust

Website

https://upbnk.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Municipal/Local Government Development Banks (FSABAKAI)

akta.pro secondary industry

SME/Industrial Development Banks (FSABAKAF)

Keywords

• Community banking
• Retail banking services
• Commercial lending
• Mortgage lending
• Wealth management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Core offering

Urban Partnership Bank is a community development bank providing personal banking (checking, savings, money market, CDs, IRAs, HSAs, student accounts), commercial checking and lending, cash management services, mortgage lending, and wealth management (trust and investment) services to consumers, small businesses, and faith-based organizations. The bank is FDIC-insured, complements its branches with online/mobile banking, mobile pay, and P2P payment capabilities, and extends deposit coverage through CDARS/ICS and ATM access via the Allpoint network.

Product overview

Providence Bank & Trust is a community bank offering a comprehensive suite of banking products and services organized into five main categories: Personal Banking (checking, savings, CDs, IRAs, HSAs, student banking, mortgages, debit/credit cards, and digital banking services), Commercial Banking (business checking, savings, commercial lending, and cash management services including fraud protection and merchant services), Wealth Management (trust services and investment services), and Mortgage Lending. The bank emphasizes its community-focused approach through stewardship programs and neighborhood empowerment initiatives. Digital services include online/mobile banking, mobile pay, and P2P payments. The bank integrates with third-party platforms including Allpoint Network for ATM access and Autobooks for small business billing and cash flow management.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Banking Accounts Checking and savings account options for individuals with flexible access, online banking, and personalized service to help customers manage personal finances.
• Savings & Money Market Accounts Savings vehicles including traditional savings accounts and money market accounts offering competitive interest rates for personal banking customers.
• CDs & IRAs Certificate of deposit products and Individual Retirement Accounts providing fixed-term savings with guaranteed returns for long-term financial planning.
• HSA Health Savings Account offering tax-advantaged savings for medical expenses, available for both personal and commercial customers.
• Student Banking Banking services designed for students with flexible access to funds 24/7 and accounts sized to fit student financial needs and budgets.
• Debit Cards Bank-issued debit cards with enhanced security features and convenience features including tap-to-pay functionality for personal and commercial customers.
• Credit Cards Credit card products for personal and commercial customers providing purchasing power and flexible repayment options.
• Online and Mobile Banking Digital banking platform enabling customers to access accounts, transfer funds, pay bills, and manage finances through web and mobile applications.
• Mobile Pay Mobile payment functionality allowing customers to make secure payments using their mobile devices.
• P2P Payment Peer-to-peer payment services enabling direct money transfers between individuals through the bank's digital platform.
• CDARS & ICS Certificate of Deposit Account Registry Service and Insured Cash Sweep services providing FDIC insurance coverage beyond the standard limit through multi-bank placement of deposits.
• Mortgage Lending Home mortgage loans and home equity products enabling customers to purchase homes or access equity through refinancing and home equity lines of credit.
• Commercial Checking Accounts Business checking accounts designed for commercial customers with features supporting daily banking operations and cash management needs.
• Commercial Lending Business lending solutions including term loans and credit facilities to support commercial growth and operational financing needs.
• Cash Management Services Comprehensive suite of business banking services including collection services, disbursement services, fraud protection, merchant services, remote deposit, and sweep services.
• Faith Focused Banking Specialized banking services designed for faith-based organizations and religious institutions with tailored solutions for their unique financial management needs.
• Trust Services Wealth management trust services providing fiduciary management, estate planning, and trust administration through professional trust officers.
• Investment Services Professional investment advisory services helping customers build and manage investment portfolios aligned with their financial goals.
• Fraud Protection Services Security services for both personal and business accounts including fraud monitoring, prevention tools, and resources to protect customers from financial fraud and scams.

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Recent moves4 records

Expansion highlights3 records

Emerging players

• Self-Help Federal Credit Union: CDFI-focused institution with a community-development mission similar to Urban Partnership Bank's, serving low-wealth urban markets with retail deposits and mission-aligned lending.

Direct peers

• Old Second Bancorp: Illinois-headquartered community bank of comparable size and footprint, competing for personal and commercial deposits across Chicago's western and southern suburbs.
• Beverly Bank & Trust (MB Financial / CIBC legacy): Chicago-area community bank brand historically serving similar South Side neighborhoods to Urban Partnership Bank, with a parallel deposit and small-business lending focus.
• Providence Bank & Trust: Direct branding identity / DBA relationship with Urban Partnership Bank on the same Chicago charter, offering community-banking products with CDARS/ICS and faith-focused banking — effectively the same legal entity.
• Lakeside Bank: Independent Chicago community bank with a comparable personal/commercial/mortgage mix, targeting similar Chicago-neighborhood customer segments.
• Byline Bancorp: Chicago-based community bank holding company serving small businesses and consumers with similar personal and commercial product mixes, competing head-to-head for Chicago SMB and retail deposits.

Others

• Northern Trust: Chicago-headquartered wealth and custody giant; overlaps via Providence's trust and investment-services line and competes for high-balance Chicago-area households that CDARS/ICS targets.

Regional players

• American Community Bank & Trust: Independent community development-oriented bank in Illinois with comparable retail/commercial product offerings for the same mission-driven depositor niche.

Broad incumbents

• First Midwest Bancorp: Midwest regional bank (now part of Old Second) with full retail, commercial, and wealth lines overlapping almost one-for-one with Providence Bank & Trust's product set.
• Wintrust Financial: Large Chicago-area community bank holding company with a multi-charter, multi-niche operating model (including community-development and specialty lenders) — the dominant scale incumbent in the same geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/urbanpartnershipbank
• LinkedInlinkedin.com/company/urban-partnership-bank
• Instagraminstagram.com/providencebank
• Xx.com/upbnk

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Urban Partnership Bank