Independence Bank of Chicago

Status:Inactive as of 03/29/1996
 Merger - Without Assistance
Successor Bank:ShoreBank
Headquarters:Independence Bank of Chicago
7936 South Cottage Grove Avenue
Chicago, IL 60619
Established:12/14/1964
FDIC Insurance:12/14/1964
FDIC Cert:#19308
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$145,671,000
Total Deposits:$123,330,000

History

1964-12-14Institution established: Original name:Independence Bank of Chicago
1979-07-16Acquired Guaranty Bank & Trust Company (16403) in CHICAGO, IL
1979-07-16Acquired Gateway National Bank of Chicago (17710) in CHICAGO, IL
1996-03-29Merged into and subsequently operated as part of South Shore Bank of Chicago (15640) 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 (1995-12-31 and Older)