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