About Us


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.

Cycle of Progress

So where does your money go when you Bank at United Bank of Philadelphia? Well it doesn’t go anywhere. It stays right in the community. It’s a cycle—Cycle of Community, Inclusivity, and Opportunity. And United Bank of Philadelphia keeps the cycle moving.

The Bank champions what it calls a “Cycle of Progress”’ where resources are continuously reinvested back into area businesses and neighborhoods. The cycle starts with inclusive practices that create opportunities for advancement, resulting in healthy, empowered communities. Strong communities foster ongoing progress, so the cycle can carry on and accelerate.

Collaborations with corporate partners are the catalyst to the Cycle of Progress. As the Bank grows its deposits and services from the corporate sector, it is then able to keep the cycle in constant forward motion—increases the Bank’s capacity to lend to local businesses and entrepreneurs, as well as families, students, homeowners, and anyone else in our city who needs us. Then, of course, as spending increases, the cycle rolls onward and upward. That’s the Bank’s view of economic development. And, to us, that’s real community banking.

Business Organizations – The Bank will continue to make small businesses its priority. The impact they have on employment is an enticement for the Bank to ensure that they have access to capital and affordable banking services.

Religious and Non-Profit Organization – Non-Profit organizations keep communities going. The Bank is committed to providing financing options to ensure that these services continue to support families that need a helping hand.

Individuals and Families – Everyone should have access to affordable banking services, simply put- checking and savings accounts. These basic services can move individuals and families out of despair to empowerment.

Corporations & Institutions – The Bank can continue to impact community and economic development with increased deposits and other fee income relationships from the corporate sector. As the Bank’s deposit base grows, its capacity to lend to persons in the communities increases. Again, proving that strong collaborations across socio-economic lines creates prosperity and vitality in the region.