Saturday, August 28, 2010

Urban Partnership Bank, formerly ShoreBank, names new directors

Urban Partnership Bank, which rose out of the ashes last week of failed ShoreBank, has created a board of directors that has five members so far.

In addition to the two top bank managers of David Vitale and William Farrow, the board currently includes Eileen Kennedy, Daniel Lupiani and Jerome Szott, according to a Friday report on the Chicago Tribune's Web site.

An Urban Partnership Bank spokesman said Friday that the final size of the board has not yet been determined.
Ms. Kennedy and Mr. Lupiani are former First Chicago executives and Mr. Szott a former employee of National Bank of Detroit, the Tribune reported.
Vitale of course is the executive chairman of the bank. Farrow is the President and CEO.

Also drove by the Chatham branch and the main branch of the former ShoreBank. Usually the bank brand is changed immediately. What gives this time around?

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