Community Banking Initiative

Providing Resources, Creating Opportunities

We know that lack of capital is the greatest hindrance for a minority-owned bank. Through our Community Banking Initiative, Comcast helps banking institutions in our neighborhoods overcome this obstacle and achieve financial success.

How We Do It

In June 2011, Comcast completed a renewal of its credit facility with United Bank of Philadelphia. The financing is a $25 million 364-day revolving credit facility and is made up of 10 minority-owned banks. United Bancshares, Inc. is an African American controlled and managed bank holding company for United Bank of Philadelphia. Founded in 1992, the United Bank's primary mission is to foster community development by providing quality, comprehensive banking services to traditionally underserved segments of the Greater Philadelphia region. 2011 marks the eighth consecutive year that Comcast has worked with the United Bank of Philadelphia on a major credit facility. Read more