| Shorebank Corporation, with $1.3 billion in assets and subsidiaries in
Detroit, Cleveland and Chicago, is a leading lender for affordable housing
rehabilitation. In 2001, the company loaned $88 million for that purpose.
Overall, Shorebank has invested $1.25 billion in inner city markets, often by
combining non-bank investments with bank lending. ShoreBank Chicago, its
largest subsidiary, posted a record net income of $10.1 million for a 0.92%
return on assets in 2001. |
