CHICAGO -- Minnesota banker Steven Kirchner came here last week to learn about patience, perseverance, and reality in community development lending from the company that wrote the book on it: Shorebank Corp.

"We're interested in the whole concept of community development corporation banking," said Mr. Kirchner, vice president of Richfield State Agency, a bank holding company that wants to start its own community development bank. "We're right at the business planning stage. We realize this is only one model, but we feel it can help us think through the things we need to think through."

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