ShoreBank co-founder Jan Piercy was a Wellesley College roommate of Hillary Clinton’s, who has long supported the bank along with former president Bill Clinton.
Former ShoreBank vice chairman Bob Nash worked for Mrs. Clinton’s presidential bid as deputy campaign manager. Board of directors member Howard Stanback is a Hyde Park neighborhood pal of President Obama, and served with Stanback on the board of the radical Woods Fund (where Weather Underground terrorist Bill Ayers also sat).
http://www.nationalreview.com/articles/229805/shady-shorebank-bailout/michelle-malkin
ShoreBank files for Ch. 11 bankruptcy.
After ShoreBank failed, its assets were sold to Urban Partnership Bank, which was financed by several big banks and investment banks.