Shorebank and Indecorp (A) - The Case Centre

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Case

Reference no. UVA-E-0120

Subject category: Ethics and Social Responsibility

Authors: Patricia H Werhane (Darden School of Business, University of Virginia); Elizabeth A Powell (Darden School of Business, University of Virginia); Sheila McMillen (Darden School of Business, University of Virginia)

Published by: Darden Business Publishing

Published in: 1998

Length: 12 pages

Topics: Banking, Loan evaluation; Community relations; Corporate social responsibility; Minorities in business

Share a link: https://casecent.re/p/220

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Abstract

Shorebank, owner of the Chicago community-development bank South Shore Bank, must decide whether to acquire another Chicago institution, Indecorp. The A case reviews the history of white-owned South Shore Bank, recounting its rejection of ''redlining'', its commitment to community reinvestment, and its excellent lending record in a predominantly low-income, minority neighborhood. The A case also reviews the history of Indecorp, then the largest black-owned U.S. financial institution. Though its mission is to increase African Americans’ access to financial resources, Indecorp’s lending record is not as impressive as Shorebank’s. See also the B (UVA-E-0121) and C (UVA-E-0122) cases.