WBEZ | Shore Bank http://www.wbez.org/tags/shore-bank Latest from WBEZ Chicago Public Radio en The economic health of Chicago's black community http://www.wbez.org/episode-segments/2011-02-07/economic-health-chicagos-black-community-81899 <img typeof="foaf:Image" src="http://llnw.wbez.org//atm.black man_getty.JPG" alt="" /><p><p>Blacks who historically lacked access to banks capitalized on the opportunities provided by ShoreBank. But did it work? What is the economic health of Chicago&rsquo;s black community, and how much has black wealth grown over the past couple of decades? To find out, <em>Eight Forty-Eight</em> was joined by two experts.<br /><br /><a target="_blank" href="http://www.urbaneconomy.org/niktheodore">Nik Theodore</a> directs the Center for Urban Economic Development at the University of Illinois at Chicago, and Natalie Moore is WBEZ&rsquo;s South Side bureau reporter.</p><p><em>Music Button: Orgone, &quot;Waiting&quot;, from the CD Killion Vaults, (Ubiquity) </em></p></p> Mon, 07 Feb 2011 15:25:00 -0600 http://www.wbez.org/episode-segments/2011-02-07/economic-health-chicagos-black-community-81899 Community banking: ShoreBank's new name and mission http://www.wbez.org/episode-segments/2011-02-07/community-banking-shorebanks-new-name-and-mission-81896 <img typeof="foaf:Image" src="http://llnw.wbez.org//ShoreBank Green Project.jpg" alt="" /><p><p>Over a number of decades, <a target="_blank" href="http://www.shorebankcorp.com/bins/site/templates/default.asp">ShoreBank</a> gave many in the black community the opportunity to buy a home or start a business. So it was a big blow to many in and around Chicago&rsquo;s South Shore neighborhood when the FDIC <a target="_blank" href="https://www.upbnk.com/about-us/news/in-the-news/releaseid37/">shut the bank</a> down last August.<br /><br />Some five months later, ShoreBank has new owners and a new name &ndash; <a target="_blank" href="https://www.upbnk.com/personal">Urban Partnership Bank</a>. But is their mission the same? And how are they managing the troubled loans that helped lead to the closure of ShoreBank?<em><br /><br />Eight Forty-Eight</em> spoke to William Farrow, President and CEO of Urban Partnership Bank to find out.</p></p> Mon, 07 Feb 2011 14:53:00 -0600 http://www.wbez.org/episode-segments/2011-02-07/community-banking-shorebanks-new-name-and-mission-81896