The Center for Financial Services Innovation, a nonprofit organization that focuses on financial services for underbanked consumers, will continue to operate as usual, despite the Aug. 20 failure of its affiliate bank, ShoreBank Corp.

ShoreBank, a $2.1 billion-asset Chicago community-development bank, closed last week after months of capital and regulatory mishaps. The Federal Deposit Insurance Corp. has sold all of ShoreBank's deposits and nearly all of the assets to Urban Partnership Bank, a newly minted state-chartered bank.

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