Federal regulators on Friday seized ShoreBank, the fabled South Side bank known for its community lending, and turned its good assets back over to its management team to be reopened as Urban Partnership Bank. The management team, which had joined ShoreBank only recently and which sources say includes former First Chicago Corp. executives Bill Farrow and David Vitale, entered into an agreement -- called a loss-share transaction -- on $1.41 billion of ShoreBank¹s assets with the Federal Deposit Insurance Corp. (FDIC), according to a press release issued tonight. The 15 branches of ShoreBank wll reopen Saturday as branches of Union...