South Shore Bank of Chicago

[MPerry3936 at aol.com]

Does anyone know a website where I can find basic information concerning
South Shore (i.e. date established, current assets, programs available)?



This post transferred from the cdb-l mailing list

[ARIES-INAISE at GEO2.popt]

> Does anyone know a website where I can find basic information concerning
> South Shore (i.e. date established, current assets, programs available)?
>

Dear you,

I don't know of any website where you could find that information But in the
meantime maybe some VERY basic (and not 100% up-to-date) information from
the INAISE "Member Profiles" could help ...

Chris


__________________________________________________ ___

INAISE
International Association of Investors in the Social Economy
Rue d'Arlon 40, B-1000 Brussels, Belgium
tel +32-2-230.30.57 fax +32-2-230.37.64
E-mail aries-inaise@geo2.poptel.org.uk
__________________________________________________ ___




SOUTH SHORE BANK


The primary purpose of South Shore Bank is neighbourhood development and
renewal. The beneficiaries are low to moderate income residents on Chicago s
South and West sides, focusing on the communities of South Shore, Chatham,
Austin and Woodlawn.

Background
In 1972 Shorebank Corporation, a regulated bank holding company, was
incorporated under the law of the State of Illinois. It was designed as a
model for how permanent, development financial institutions could renew
neighbourhoods and so profitably.

Structure
The Corporation s principal subsidiary, The South Shore of Chicago is 99%
owned by corporations, philanthropic organisatios and individuals from
around the country. Other Chicago-based companies include: City Lands
Corporation, Chicago Neighborhood Institute, Shorebank Capital Fund and
Shorebank Advisory Services. Outside of Chicago, Shorebank owns and operates
Cleveland Development. Bancorporation and Shore Bank & Trust Company
(Cleveland, Ohio), North Coast Bidco, Inc. and Northem Initiatives
(Michigan s Upper Penisula), and Shore Trust Tradig Group (Washington
State).

Activities
South Shore Bank is engaged in the general commercial banking business and
provides a variety of financial products.
- Commercial Banking: working capital, refinancing, equipment purchase,
plant acquisition and expansion loans, asset-based loans
- Real Estate Banking: single and multi-family mortgage, housing
rehabilitation, refinancing loans.
- Non-Profit & Community Organization: cheking, savings and time deposit
accounts; community organisation loans.
- Retail and Personal Banking: cheking and saving accounts; time deposit
(CD); Individual Retirement Accounts (IRAs); personal loans; home
improvement loans; education loans ; home equity loans .



Key Figures (mio US$)
1994 1993 1992
Shareholder Equity 35.8 26.8 16.7
Deposits 247.4 229.6 209.8
Loans 188.1 173.9 162.0
Net Profit -0.6 1.7 1.6




South Shore Bank
71St and Jeffery Boulevard
Chicago, Illinois 606496-2096, USA
tel: 1-312-753.56.30
fax: 1-312-493.66.09
contact: Ms Joan Shapiro
nature: commercial bank



This post transferred from the cdb-l mailing list

[ARIES-INAISE at GEO2.popt]

> Does anyone know a website where I can find basic information concerning
> South Shore (i.e. date established, current assets, programs available)?
>

Dear you,

I don't know of any website where you could find that information But in the
meantime maybe some VERY basic (and not 100% up-to-date) information from
the INAISE "Member Profiles" could help ...

Chris


__________________________________________________ ___

INAISE
International Association of Investors in the Social Economy
Rue d'Arlon 40, B-1000 Brussels, Belgium
tel +32-2-230.30.57 fax +32-2-230.37.64
E-mail aries-inaise@geo2.poptel.org.uk
__________________________________________________ ___




SOUTH SHORE BANK


The primary purpose of South Shore Bank is neighbourhood development and
renewal. The beneficiaries are low to moderate income residents on Chicago s
South and West sides, focusing on the communities of South Shore, Chatham,
Austin and Woodlawn.

Background
In 1972 Shorebank Corporation, a regulated bank holding company, was
incorporated under the law of the State of Illinois. It was designed as a
model for how permanent, development financial institutions could renew
neighbourhoods and do so profitably.

Structure
The Corporation s principal subsidiary, The South Shore of Chicago is 99%
owned by corporations, philanthropic organizatios and individuals from
around the country. Other Chicago-based companies include: City Lands
Corporation, Chicago Neighborhood Institute, Shorebank Capital Fund and
Shorebank Advisory Services. Outside of Chicago, Shorebank owns and operates
Cleveland Development Bancorporation and Shore Bank & Trust Company
(Cleveland, Ohio), North Coast Bidco, Inc. and Northern Initiatives
(Michigan s Upper Penisula), and Shore Trust Tradig Group (Washington
State).

Activities
South Shore Bank is engaged in the general commercial banking business and
provides a variety of financial products and services:
- Commercial Banking: working capital, refinancing, equipment purchase,
plant acquisition and expansion loans, asset-based loans
- Real Estate Banking: single and multi-family mortgage, housing
rehabilitation, refinancing loans.
- Non-Profit & Community Organization: cheking, savings and time deposit
accounts; community organisation loans.
- Retail and Personal Banking: cheking and savings accounts; time deposits
(CD); Individual Retirement Accounts (IRAs); personal loans; home
improvement loans; education loans; home equity loans.



Key Figures (mio US$)
1994 1993 1992
Shareholder Equity 35.8 26.8 16.7
Deposits 247.4 229.6 209.8
Loans 188.1 173.9 162.0
Net Profit -0.6 1.7 1.6




South Shore Bank
71St and Jeffery Boulevard
Chicago, Illinois 606496-2096, USA
tel: 1-312-753.56.30
fax: 1-312-493.66.09
contact: Ms Joan Shapiro
nature: commercial bank



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[CLTSAS at aol.com]

To MPerry3936 and List

South Shore Bank does not currently have a website. However, you can send
e-mail to the following address to receive a packet of information via snail
mail:

deposit@sbk.com

Cheryl Taylor

This post transferred from the cdb-l mailing list

[st1123 at ix.netcom.com]

You can access a detailed profile of their asset based lending, small
business lending, SBA loan and real estate mortgage departments through
DataMerge.com



At 03:38 PM 12/3/96 GMT, ARIES-INAISE@GEO2.poptel.org.uk wrote:
>
>
>> Does anyone know a website where I can find basic information concerning
>> South Shore (i.e. date established, current assets, programs available)?
>>
>
>Dear you,
>
>I don't know of any website where you could find that information But in the
>meantime maybe some VERY basic (and not 100% up-to-date) information from
>the INAISE "Member Profiles" could help ...
>
>Chris
>
>
>__________________________________________________ ___
>
>INAISE
>International Association of Investors in the Social Economy
>Rue d'Arlon 40, B-1000 Brussels, Belgium
>tel +32-2-230.30.57 fax +32-2-230.37.64
>E-mail aries-inaise@geo2.poptel.org.uk
>__________________________________________________ ___
>
>
>
>
>SOUTH SHORE BANK
>
>
>The primary purpose of South Shore Bank is neighbourhood development and
>renewal. The beneficiaries are low to moderate income residents on Chicago s
>South and West sides, focusing on the communities of South Shore, Chatham,
>Austin and Woodlawn.
>
>Background
>In 1972 Shorebank Corporation, a regulated bank holding company, was
>incorporated under the law of the State of Illinois. It was designed as a
>model for how permanent, development financial institutions could renew
>neighbourhoods and do so profitably.
>
>Structure
>The Corporation s principal subsidiary, The South Shore of Chicago is 99%
>owned by corporations, philanthropic organizatios and individuals from
>around the country. Other Chicago-based companies include: City Lands
>Corporation, Chicago Neighborhood Institute, Shorebank Capital Fund and
>Shorebank Advisory Services. Outside of Chicago, Shorebank owns and operates
>Cleveland Development Bancorporation and Shore Bank & Trust Company
>(Cleveland, Ohio), North Coast Bidco, Inc. and Northern Initiatives
>(Michigan s Upper Penisula), and Shore Trust Tradig Group (Washington
>State).
>
>Activities
>South Shore Bank is engaged in the general commercial banking business and
>provides a variety of financial products and services:
>- Commercial Banking: working capital, refinancing, equipment purchase,
>plant acquisition and expansion loans, asset-based loans
>- Real Estate Banking: single and multi-family mortgage, housing
>rehabilitation, refinancing loans.
>- Non-Profit & Community Organization: cheking, savings and time deposit
>accounts; community organisation loans.
>- Retail and Personal Banking: cheking and savings accounts; time deposits
>(CD); Individual Retirement Accounts (IRAs); personal loans; home
>improvement loans; education loans; home equity loans.
>
>
>
>Key Figures (mio US$)
> 1994 1993 1992
>Shareholder Equity 35.8 26.8 16.7
>Deposits 247.4 229.6 209.8
>Loans 188.1 173.9 162.0
>Net Profit -0.6 1.7 1.6
>
>
>
>
>South Shore Bank
>71St and Jeffery Boulevard
>Chicago, Illinois 606496-2096, USA
>tel: 1-312-753.56.30
>fax: 1-312-493.66.09
>contact: Ms Joan Shapiro
>nature: commercial bank
>
>
>
>


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