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Comcast extends financing with United Bank of Philadelphia

Mon, 09/17/2007 - 8:14am
Traci Patterson

Comcast Corp. has extended its credit facility with the United Bank of Philadelphia with a $32.35 million agreement.

The financing is a 364-day revolving credit facility that the United Bank has syndicated to 19 additional minority-owned banks nationwide, Comcast said.

The bank’s mission is to foster community development by providing quality banking services to underserved segments of Philadelphia. Comcast had its first credit facility with the bank in 2004, with a $24.5 million agreement.

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