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Local Heroes

Banks come to the rescue of communities in need.

This story appears in the February 1996 issue of Entrepreneur. Subscribe »

Understand this: South Shore, the grand dame of community development banks, makes a profit. They just do it differently.

"South Shore Bank is in the business of restoring markets and increasing opportunity in underinvested communities," explains Joan Shapiro, executive vice president, about the mission of the 23-year-old institution. "From day one, we had to meet dual objectives of profitability and development."

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