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Failed Bank Report:
Claim
FDIC Insured Accounts
at Failed Banks ShoreBank - Chicago, IL |
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Failed Bank Report:
Claim
FDIC Insured Accounts
at Failed Banks ShoreBank - Chicago, IL |
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August 20, 2010:
ShoreBank, Chicago, IL was closed by the The Illinois Department of
Financial & Professional Regulation.
The Federal Deposit Insurance Corporation was named receiver.
Successor Bank: All deposit accounts, excluding certain brokered deposits, have been transferred to Urban Partnership Bank, Chicago, Illinois. Urban Partnership Bank History:
Established as the South Shore National Bank
Of Chicago ► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage. ► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Funds Search
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| 2010 FDIC Insured Failed Banks | |
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ShoreBank 7054 South Jeffery Avenue Chicago, IL 60649 |
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Established |
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| Cost to FDIC: $368 million | |
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| © 2014 NUPA - NATIONAL UNCLAIMED PROPERTY ASSOCIATES |
