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South Side Bank

Status:Inactive as of 03/16/1981
 Absorption - Assisted
Successor Bank:Drexel National Bank
Headquarters:South Side Bank
4659 Cottage Grove Avenue
Chicago, IL 60653
Established:05/01/1972
FDIC Insurance:05/01/1972
FDIC Cert:#20688
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)

History

1972-05-01Institution established: Original name:South Side Bank
1981-03-16Failed. Acquired with government financial assistance and subsequently operated as part of Drexel National Bank (904)
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.