Drexel National Bank

Details Drexel National Bank Drexel National Bank

Illinois

Cook

Chicago

(N) Commercial bank, federal charter & Fed member

inactive

904

1888

FDIC Certificate Number: 904
FDIC's unique number: 582
The FDIC Field Office where an institution is physically located: Chicago

Federal Reserve ID Number: 411633
Report Date: 1995-09-30

Bank Charter Class: N
OCC Charter Number: 14445
The date of the last data update: 1996-01-23

1888-08-18 Institution established. Original name: Drexel National Bank.
1981-03-16 Acquired South Side Bank in Chicago, Illinois.
1995-12-16 Merged into and subsequently operated as part of South Shore Bank of Chicago in Chicago, Illinois.
1996-01-29 Changed trust powers from Trust Powers Not Granted to Full Trust Powers Granted.
1996-03-29 Acquired Independence Bank Of Chicago in Chicago, Illinois.
2000-11-10 Changed name to Shorebank .
2001-03-10 Acquired Shorebank, Detroit in River Rouge, Michigan.
2005-09-30 Acquired Shorebank in Cleveland, Ohio.
2006-11-20 Acquired Greater Chicago Bank in Bellwood, Illinois.
2010-08-20 Merged with government financial assistance and subsequently operated as part of Urban Partnership Bank in Chicago, Illinois.
2010-08-20 FDIC closing information for Shorebank : http://www.fdic.gov/bank/individual/failed/shorebank.html.

Total assets: $124,729,000
Total deposits: $109,192,000
Last updated on: 2011-10-20

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Profile ID: LFUS-BAB-P-18065