Ailing Badly, ShoreBank Still Holds Out for Rescue

Barba, Robert
August 2010
American Banker;8/6/2010, Vol. 175 Issue F330, p1
Trade Publication
The article discusses the financial health of Chicago's ShoreBank Corp. who has secured hundreds of millions of dollars in private investments that can not be accessed until the U.S. Department of the Treasury approves an investment form the Community Development Capital Initiative. A brief financial history of ShoreBank Corp. is presented, which includes a short lists of investors including Citigroup, Goldman Sachs Group Inc., and Wells Fargo & Co.


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