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| ShoreBank Pacific |
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Profile:
ShoreBank Corporation is America's first community development and environmental bank holding company. Headquartered in Chicago, ShoreBank is a $2.4 billion company with banks and nonprofits in Chicago; Cleveland; Detroit; Ilwaco, Washington; Portland, Oregon; and Michigan's Upper Penninsula; and consulting services around the world.
Triple-Bottom-Line Performance
* $2.4 billion in assets
* $4.2 million in net income
* $445 million in total mission investments in 2006:
$185 million in conservation loans
$415 million in community development loans
$156 million in loans that achieved both environmental and community impact
* $3.3 billion in cumulative mission investment and 52,000 affordable housing units financed
Highlights of 2006 Mission Investment Loans
* $223 million for residential real estate
* $152 million to small businesses
* $40 million to faith-based and nonprofit organizations
Business Lines
Services to local customers by banks and nonprofit affiliates*
* Residential real estate loans that strengthen communities, provide affordable housing, and build borrowers' wealth
* Loans to small businesses and faith-based and nonprofit organizations that create jobs and expand community services
* Conservation loans for projects that reduce energy consumption, remediate contamination, or support green business practices
* Bank deposit and retail services
*ShoreBank, ShoreBank Pacific, ShoreBank Enterprise Cleveland, ShoreBank Enterprise Detroit, ShoreBank Enterprise Cascadia, and Northern Initiatives
Services to finanical services companies
* The Center for Finanical Services Innovation works with organizations committed to providing affordable financial services to the underbanked in the U.S.
* ShoreBank International provides consulting and training services to financial institutions in Africa, Asia, Eastern Europe, and South America.
* Programs to provide financial support to financial institutions in Africa, Asia, and Eastern Europe. ShoreCap Exchange provides technical assistance to the same institutions.
Employees
* 578 total employees in the U.S. and in international offices
* 56% are African American.
* 43% of officers and 28% of senior managers are minorities.
* 54% of officers and 30% of senior managers are women.
Investors
Shareholders include financial institutions, foundations, insurance companies, major corporations, and individuals. |
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Overview:
ShoreBank is an FDIC-insured commercial bank serving the Pacific Northwest, helping businesses adopt sustainable practices and contribute to the long-term health of their local communities.
Sustainability means creating a healthy environment, vibrant communities, and a strong economy that will thrive for many generations. We help businesses conserve natural resources, contribute jobs to local economies, and create opportunities for growth.
ShoreBank Pacific works towards achieving community prosperity and a healthy environment through the following services:
* Deposit products for environmentally motivated individuals, businesses, and organizations around the country (Eco-deposits®)
* Revolving lines of credit for businesses
* Equipment term loans for businesses
* Real estate financing
* Consulting on environmental and conservation practices
Consulting and knowledge sharing are an important part of ShoreBank Pacific’s services. We are the only financial institution that has a science staff to help businesses identify sustainable business practices. Through ongoing reviews and conversations with our borrowers, we identify ways to improve energy efficiency, material use, and recycling of by-products. Not only is this better for the environment, it often helps our clients save money and redirect resources toward the growth of their business.
ShoreBank Pacific was formed in 1997 through a partnership between ShoreBank Corporation and Ecotrust, an environmental nonprofit, two years after they jointly founded its sister organization, ShoreBank Enterprise Pacific (now ShoreBank Enterprise Cascadia). |
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