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

Comcast does more than simply deposit funds in minority-owned banks. Comcast arranged a $50 million 364-Day Credit Facility with United Bank of Philadelphia as Lead Arranger. The United Bank facility will serve as an additional backup facility for the Comcast commercial paper program. And that’s a win-win: This partnership provides a vital service for Comcast and generates significant fees for the participating banking institutions.