What happened to ShoreBank?
On Friday, August 20, 2010, ShoreBank was closed by the The Illinois Department of Financial & Professional Regulation. The FDIC was named Receiver. Urban Partnership Bank, Chicago, IL acquired all deposit accounts.
Who bought South Shore bank?
Western Mass. group
group. A bank holding company based in Western Massachusetts has agreed to acquire the parent of Cohasset-based Pilgrim Bank for $54 million, with its top executive indicating he has bigger plans for expansion in and around Greater Boston.
Who bought shorebank?
ShoreBank was a community development bank founded and headquartered in Chicago. At the time of its closing it was the oldest and largest such institution, and in 2008 had $2.6 billion in assets….ShoreBank.
| Type | Community development bank |
|---|---|
| Successor | Urban Partnership Bank |
| Headquarters | Chicago, Illinois |
Is South Shore Bank a mutual bank?
At South Shore Bank we pride ourselves on serving our clients as well as the greater community. As a mutual bank, our commitment is rooted in the needs of our clients rather than the demands of investors.
Does South Shore Bank use Zelle?
Zelle is a convenient way to send money using your personal mobile banking app or personal online banking account. Download the South Shore Bank’s personal mobile banking app to start using Zelle today!
Does Zelle work internationally?
The answer to this popular query is no – Zelle isn’t available abroad; it doesn’t work internationally. You can only use Zelle’s services when you live in the USA and/or have a US-based bank account. You could probably use it while traveling, though.
Is Zelle free for international transfer?
No, Zelle is available only in the US. The company allows sending money from one US bank account to another. Both the sender and the recipient must have US bank accounts.
What app can I send money internationally?
The 5 Best Apps to Transfer Money Internationally This Year
- 5 Best Money Transfer Apps. Remitly.
- Remitly money transfer smartphone app.
- OFX money transfer smartphone app.
- Wise (formerly TransferWise)
- PayPal money transfer smartphone app.
- Western Union money transfer smartphone app.
Does Zelle transfer internationally?
Zelle international alternatives. Zelle isn’t available internationally, and for that reason, you can’t receive or send money to or from abroad.