The Nonprofit Quarterly | @npquarterly | The Cohen Report | A Community Development Bank Passes

The Nonprofit Quarterly | @npquarterly | The Cohen Report | A Community Development Bank Passes: "ONE OF THE MOST IMPORTANT stories for the nonprofit sector last week crept by with nary a mention in the press about its connection to nonprofits. ShoreBank, the nation’s preeminent community development bank, finally succumbed to a long spiral of financial troubles. ShoreBank will now be acquired and managed by a new entity, the Urban Partnership Bank, pulled together with investment support from major financial institutions such as Goldman Sachs, Citigroup, and JPMorgan Chase among others."