The Center for Financial Services Innovation, an affiliate of the ailing ShoreBank Corp., says it is not only insulated from the bank's troubles but thriving.

The Chicago nonprofit organization, which focuses on financial services for underbanked people, "is in extremely strong financial shape, and our future is really bright," Jennifer Tescher, its director, said in an interview Thursday. "Our finances are completely separate from ShoreBank — there's no impact there at all."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.