Tuesday, June 13, 2006

Chicago's ShoreBank Growing

ShoreBank is a bank that is focused on community development through such things as a committment to revitalizing residential and commercial real estate; helping small and minority-owned businesses grow; supporting faith-based and other non-profit organizations' expansion; and assisting individual investors of all income levels build their own wealth.

This article reports that ShoreBank is growing a great deal due to an increasing portfolio in conservation lending - loans whose purpose is the "promotion of efficient energy use and alternative forms of energy, efficient use of materials and resources, and protection and revitalization of land and water." Last year, these loans accounted for 36% of ShoreBanks total loan originations.

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