Drexel National Bank
Status: | Inactive as of 12/16/1995 |
Merger - Without Assistance | |
Successor Bank: | ShoreBank |
Headquarters: | Drexel National Bank 3401 Martin Luther King Drive Chicago, IL 60616 |
Established: | 08/18/1888 |
FDIC Insurance: | 01/01/1934 |
FDIC Cert: | #904 |
Charter Class: | Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) |
Total Assets: | $124,729,000 |
Total Deposits: | $109,192,000 |
History
1888-08-18 | Institution established: Original name:Drexel National Bank | |
1981-03-16 | Acquired South Side Bank (20688) in CHICAGO, IL | |
1995-12-16 | Merged into and subsequently operated as part of South Shore Bank of Chicago (15640) in CHICAGO, IL | |
1996-01-29 | Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED | |
1996-03-29 | Acquired Independence Bank of Chicago (19308) in CHICAGO, IL | |
2000-11-10 | Changed name to ShoreBank (15640) | |
2001-03-10 | Acquired Shorebank, Detroit (34848) in RIVER ROUGE, MI | |
2005-09-30 | Acquired ShoreBank (753) in CLEVELAND, OH | |
2006-11-20 | Acquired Greater Chicago Bank (18407) in BELLWOOD, IL | |
2010-08-20 | Failed. Acquired with government financial assistance and subsequently operated as part of Urban Partnership Bank (59051) | |
2019-01-28 | Merged into and subsequently operated as part of Providence Bank & Trust (57754) in SOUTH HOLLAND, IL | |
2019-01-28 | Reorganized. |