Local Heroes
Banks come to the rescue of communities in need.
By Cynthia E. Griffin •
Opinions expressed by Entrepreneur contributors are their own.
Understand this: South Shore, the grand dame of communitydevelopment banks, makes a profit. They just do it differently.
"South Shore Bank is in the business of restoring marketsand increasing opportunity in underinvested communities,"explains Joan Shapiro, executive vice president, about the missionof the 23-year-old institution. "From day one, we had to meetdual objectives of profitability and development."
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve
