ShoreBank in Fed Dividend Agreement

January 2010
American Banker;1/13/2010, Vol. 175 Issue 7, p4
Trade Publication
The author reports that bank holding company ShoreBank Corp. has agreed to not declare or pay dividends unless it has the approval of the U.S. Federal Reserve Board. ShoreBank also agreed not to incur or guarantee any debt without Federal Reserve Board approval. ShoreBank Corp. owns ShoreBank of Chicago.


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