Can Chicago's socially-conscious (South) Shore Bank survive?

Let's hope so. For decades, it has been filling the niche market of providing development financing for those communities most in need. Businesses, homes and non-profits in the neighborhoods all benefited. But I have to confess that I was always curious about how a bank could survive making loans to what other lenders considered to be the most risky borrowers.

The latest in the bank's troubles are reported in this Crain's Chicago Business article. A good background story appeared in chicago weekly on line. Here is the  bank's website.

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    Chicago Tribune contributing op-ed columnist and author of forthcoming historical novel, "Madness: The War of 1812." Reporter, editor and columnist for Chicago Sun-Times and Chicago Daily News. Freelance writer and editor.

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