ShoreBank, a full-service Illinois chartered bank with branches in Chicago, Cleveland and Detroit, focuses on banking services for individuals, real estate and small businesses owners, and faith-based and nonprofit organizations.

ShoreBank helps its customers build their own wealth, strengthen their communities and work towards a healthier environment by offering:

·          Savings, checking, CD and IRA accounts (consumer banking or retail banking services)

·          Opportunities for socially motivated people and organizations to make deposits that support community development and conservation (Development Deposits^sm)

·          Money management classes

·          Home mortgages that can also cover rehab costs

·          Financing to purchase and renovate apartment buildings (real estate loans)

·          Business loans and cash management services (business banking)

·          Loans, deposits and cash management services specifically designed for faith-based and other nonprofit organizations (nonprofit banking)

·          Loans that contribute to a healthier environment by reducing energy consumption, rebuilding on vacant or contaminated sites, reusing existing structures, or that support “green” businesses (conservation loans, environmental banking).

ShoreBank is the country’s first community development bank.  It began in 1973, when its founders acquired a bank in a declining neighborhood on Chicago’s South Side to demonstrate that banks can be powerful tools for positive community change.

Since then, ShoreBank has expanded its focus from one neighborhood to 25 on Chicago’s South and West Sides, as well as neighborhoods on Detroit’s East Side and Cleveland's upper East Side.  In 2005 alone, ShoreBank made $379 million in loans in these neighborhoods, to minority-owned businesses, faith-based and other nonprofit organizations, or for environmentally beneficial projects.