ShoreBank

Status:Inactive as of 08/20/2010
 Absorption - Assisted
Successor Bank:Urban Partnership Bank
Headquarters:ShoreBank
7054 South Jeffery Avenue
Chicago, IL 60649
Established:01/21/1939
FDIC Insurance:01/21/1939
FDIC Cert:#15640
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$2,166,431,000
Total Deposits:$1,547,403,000

History

1939-01-21Institution established: Original name:The South Shore National Bank of Chicago
1978-12-19Changed name to South Shore Bank of Chicago
1995-12-16Acquired Drexel National Bank (904) 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
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 (2010-06-30 and Older)