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Urban Partnership seeks buyer: Report

Feb 16, 2018 - American Banker

Urban Partnership Bank in Chicago is considering selling itself.

The $484 million-asset bank has hired Sandler O'Neill to determine possible interest from buyers,Crain's Chicago Business reported on Thursday.David Vitale, Urban Partnership's chairman, told the publication that the bank, which has shrunk over the past seven years, would benefit from being part of a better capitalized entity.

The bank's core capital ratio was 7.9% at Sept. 30, according to data from the Federal Deposit...