ShoreBank Corporation is America's first community development and environmental bank holding company. Headquartered in Chicago, ShoreBank is a $2.4 billion company with banks and nonprofits in Chicago; Cleveland; Detroit; Ilwaco, Washington; Portland, Oregon; and Michigan's Upper Penninsula; and consulting services around the world.
Triple-Bottom-Line Performance
- $2.4 billion in assets
- $4.2 million in net income
- $445 million in total mission investments in 2006:
$185 million in conservation loans
$415 million in community development loans
$156 million in loans that achieved both environmental and community impact
- $3.3 billion in cumulative mission investment and 52,000 affordable housing units financed
Highlights of 2006 Mission Investment Loans
- $223 million for residential real estate
- $152 million to small businesses
- $40 million to faith-based and nonprofit organizations
Business Lines
Services to local customers by banks and nonprofit affiliates*
- Residential real estate loans that strengthen communities, provide affordable housing, and build borrowers' wealth
- Loans to small businesses and faith-based and nonprofit organizations that create jobs and expand community services
Conservation loans for projects that reduce energy consumption, remediate contamination, or support green business practices
Bank deposit and retail services*ShoreBank, ShoreBank Pacific, ShoreBank Enterprise Cleveland, ShoreBank Enterprise Detroit, ShoreBank Enterprise Cascadia, and Northern Initiatives
Services to finanical services companies
- The Center for Finanical Services Innovation works with organizations committed to providing affordable financial services to the underbanked in the U.S.
- ShoreBank International provides consulting and training services to financial institutions in Africa, Asia, Eastern Europe, and South America.
- Programs to provide financial support to financial institutions in Africa, Asia, and Eastern Europe. ShoreCap Exchange provides technical assistance to the same institutions.
Employees
- 578 total employees in the U.S. and in international offices
- 56% are African American.
- 43% of officers and 28% of senior managers are minorities.
- 54% of officers and 30% of senior managers are women.
Investors
Shareholders include financial institutions, foundations, insurance companies, major corporations, and individuals.
Important
