United Bank of Philadelphia

United Bancshares, Inc. is an African American controlled and managed bank holding company for United Bank of Philadelphia (the "Bank"), a commercial bank chartered in 1992 by the Commonwealth of Pennsylvania, Department of Banking. The deposits held by the Bank are insured by the Federal Deposit Insurance Corporation ("FDIC"). The Bank conducts a broad range of banking activities through its three branch offices located as follows: Center City Branch 30 South 15th Street; (iii) Mount Airy Branch 1620 Wadsworth Avenue; and (iv) Progress Plaza Branch 1015 North Broad Street. The Bank also operates thirteen ATM locations in low to moderate areas of the city. Designated by the U.S. Treasury as a Community Development Financial Institution ("CDFI"), the Bank's top priority remains the betterment of the local communities it serves. It seeks to strengthen communities in the Philadelphia region with innovative products and services including remote deposit capture and other electronic banking services. The Bank engages in commercial banking business with a particular focus on, and sensitivity to, groups that have been traditionally under-served, including Blacks, Hispanics and women.