ShoreBank
Chicago, IL · Owner: Shorebank Corp the
$2.2B
total assets, June 30, 2010
$2.2B
total assets, June 30, 2010
ShoreBank was a state nonmember bank in Chicago, IL, owned by Shorebank Corp the. It failed on Aug 20, 2010, and Urban Partnership Bank took over its deposits. At its last report it held $2.2 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2010
This bank failed
- Failed on
- Aug 20, 2010
- Assets
- $2.2B
- Deposits
- $1.5B
- Estimated cost
- $526M
- Deposits went to
- Urban Partnership Bank, Chicago, IL
Total assets
$2.2B
-18.4% in a year · -4.9% in a quarter
Deposits
$1.5B
-12.7% in a year · -5.8% in a quarter
Loans
$1.3B
-12.2% in a year · -2.7% in a quarter
Profit so far
-$39.6M
Jan 1 to Jun 30, 2010
Capital ratio
0.18%
-4.84 pts in a year
Return on assets
-3.55%
-3.49 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 7054 South Jeffery Avenue, Chicago, IL, 60649
- County
- Cook
- Holding company
- Shorebank Corp the
- Established
- Jan 21, 1939
- Failed
- Aug 20, 2010
- Employees
- 355
- Branches
- 15 in 3 states
- Id
- b15640
Quarter by quarter
March 31, 1984 to June 30, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is ShoreBank?
$2.2 billion in total assets and $1.5 billion in deposits as of June 30, 2010, with assets down 18.4% from a year before. Its loans were $1.3 billion.
How many branches does ShoreBank have?
15 branches in 3 states as of June 30, 2026.
Is ShoreBank profitable?
No: it lost $39.6 million from January 1 to June 30, 2010. Its return on assets was -3.55% a year; about 1% is typical.
Who owns ShoreBank?
ShoreBank is owned by Shorebank Corp the, its holding company.
When did ShoreBank fail?
Aug 20, 2010. Urban Partnership Bank of Chicago, IL took over its deposits. The estimated cost of the failure was $526.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.