Frances R. Grossman

Frances R. Grossman is Executive Vice President at Urban Partnership Bank, which purchased the assets of ShoreBank on August 27, 2010. She continues in essentially the same role she carried out at ShoreBank where, as Executive Vice President, she worked in the areas of external relations, civic affairs, business development and government relations on the federal and local level. Before joining ShoreBank in 1990, Ms. Grossman worked in community development banking at Bank of America for 10 years. She created and managed the Community Development Banking group and the Bank of America Illinois Community Development Corporation. The Corporation made equity investments in small business funds and residential real estate developments. She also managed the Bank of America Illinois Foundation as well as government relations in Illinois. Prior to that, Ms. Grossman was Executive Director of a neighborhood based CDC (community development corporation), taught in the Chicago Public Schools and led an afterschool and summer program in the Ida B. Wells Homes.

Active both nationally and in the community, Ms. Grossman serves on the boards of such organizations as the Coalition of Community Development Financial Institutions, the Community Development Bankers Association, The National Association of the Affordable Housing Lenders and the government affairs committee of the American Bankers Association. Locally, she serves on the boards of ACCION Chicago, Mercy Housing, the Chicago Metropolitan Housing Development Corporation and Chicago LISC. In October, 2009, she received the ShoreBank Henry Morgan Award given to three employees annually who embody the spirit of ShoreBank's mission through their work and accomplishments.

Ms. Grossman holds a masters degree from the University of Chicago School of Social Service Administration and a bachelor's degree from Vassar College.