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

1888-08-18Institution established: Original name:Drexel National Bank
1981-03-16Acquired South Side Bank (20688) in CHICAGO, IL
1995-12-16Merged into and subsequently operated as part of South Shore Bank of Chicago (15640) in CHICAGO, IL
1996-01-29Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1996-03-29Acquired Independence Bank of Chicago (19308) in CHICAGO, IL
2000-11-10Changed name to ShoreBank (15640)
2001-03-10Acquired Shorebank, Detroit (34848) in RIVER ROUGE, MI
2005-09-30Acquired ShoreBank (753) in CLEVELAND, OH
2006-11-20Acquired Greater Chicago Bank (18407) in BELLWOOD, IL
2010-08-20Failed. Acquired with government financial assistance and subsequently operated as part of Urban Partnership Bank (59051)
2019-01-28Merged into and subsequently operated as part of Providence Bank & Trust (57754) in SOUTH HOLLAND, IL
2019-01-28Reorganized.

Financial Information (1994-12-31 and Older)