Shorebank Corp. in Chicago has hired Frances R. Grossman as executive vice president of Shorebank Chicago Cos., the holding company for its subsidiaries in the city, including $823 million-asset South Shore Bank.

She will focus on raising capital, developing business, enhancing civic relationships, strategic planning, and investor relations. In addition to the bank, Shorebank Chicago's subsidiaries include Shorebank Development Corp., a community-oriented real estate developer; and Shorebank Neighborhood Institute, a community development organization.

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