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Socially Responsible Investing

Nearly 5,000 individuals, corporations and nonprofit organizations support ShoreBank's work by placing deposits in ShoreBank's financial institutions. Each of ShoreBank's three banking subsidiaries is a member of the Federal Deposit Insurance Corporation (FDIC), which insures depositors up to a maximum of $100,000.

You can help us continue and expand our community development work by investing in Development Depositssm and our environmental lending operations through EcoDeposits®.

If you would like to read about customers who are benefiting from socially responsible deposits, please visit the Annual Report section of this site, or read customer stories appearing throughout the site. 

Development Depositssm
ShoreBank's Development Depositssm accounts are standard, market-rate, federally insured bank deposits: checking accounts, time deposits, money markets, retirement (IRA) and savings accounts. The difference is that they support ShoreBank's development work.
 
By converting ordinary bank deposits into "development" loans, ShoreBank's borrowers convert deteriorated apartment buildings into income-producing properties, expand their small businesses, and upgrade their homes and property.  Development Depositssm are essential funding sources supporting our work in Chicago, Detroit and Cleveland.

Development Depositors can access their accounts through a bank-by-mail system and through the telephone system. The ShoreBank ATM network makes cash available instantly at locations around the world.
 
For more information about how to "bank your values," call 1-800-669-7725, or send an email to deposits@sbk.com


Online High-Yield Savings Account
Opened and managed completely online, the ShoreBank High-Yield Savings Account makes your money work harder for you while it works harder for the community.

The High-Yield Savings Account offers a great rate of return, the convenience of 24-hour online banking, and the satisfaction of knowing that your deposits are helping build stronger, more sustainable communities.

The minimum balance is $1.00, and there are no monthly fees. To apply for an online high-yield savings account, visit www.sbk.com. 
If you have a question about online savings, e-mail us at shorebankdirect@sbk.com or call 1-888-864-HYSA (4972).

EcoDeposits®
Like Development  Depositssm, EcoDeposits®, are market-rate, fully insured deposit accounts. They offer customers the opportunity to support the work of ShoreBank Pacific.

ShoreBank Pacific fulfills its goal of creating a conservation economy in the rainforest of the Pacific Northwest by lending to local companies that use energy efficiently, reduce waste and pollution, and conserve natural resources.

To learn more about how you can participate in ShoreBank Pacific's conservation and development mission, call 1-888-326-2265, or contact by email at ecobank@sbpac.com.

FDIC NOTICE:

ShoreBank is participating in the FDIC's Transaction Account Guarantee Program.  Under the program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account.  General FDIC coverage for deposit accounts has also been increased to $250,000 per depositor through December 31, 2013.

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