CHICAGO - Two months after announcing it would buy the nation's largest black-owned banking company, Shorebank Corp. is still trying to line up $15 million in new capital to finance the deal.

Shorebank says it is on track in funding its purchase of Indecorp Inc., and many observers agree. But at least one says it is lagging.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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