A new Internet-only bank is targeting people largely neglected by the online world: residents of government-assisted housing.

Umbrellabank.com of Westmont, Ill., which opened this month, is working with the Chicago Equity Fund to install automated teller machines in such housing in the Chicago area.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.