# SHOREBANK

> **Failed bank** · CHICAGO, IL · failed 2010-08-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $526M

## What happened

SHOREBANK of CHICAGO, IL was closed by regulators on **2010-08-20**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **URBAN PARTNERSHIP BANK** (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3844
- **FDIC Certificate:** 15640
- **FDIC FIN:** 10284
- **Bank name:** SHOREBANK
- **Location:** CHICAGO, IL
- **Failure date:** 2010-08-20
- **FDIC resolution date:** 2010-08-20
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $526M
- **Deposits at failure:** $1,547M
- **Assets at failure:** $2,166M
- **Acquiring bank:** URBAN PARTNERSHIP BANK (CHICAGO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SHOREBANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SHOREBANK (FDIC ID 3844), failed 2010-08-20. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/3844.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*