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Urban Partnership Bank makes its way into Wal-Mart
The Wal-Mart Supercenter at 10900 S. Doty Ave., set to open in September, will house Urban Partnership’s 11th location and its first inside a store. The 755-square-foot bank branch will include a self-service kiosk, a 24-hour ATM, and be staffed and open Saturdays and Sundays.
Urban Partnership says its customers — primarily in low- to moderate-income neighborhoods on the South Side — seek less formal places to bank, like a Wal-Mart. “Smaller branches make the customer we’re targeting feel much more at home,” says Brian Berg, the bank’s communications director.
Urban Partnership is a $1 billion-asset community development bank and newly certified minority depository institution. (Six of the 11 directors on its board are minorities.) The bank was formed when investors bought the assets of the failed ShoreBank in 2010.