North Shore Bank Offers Special Loans For Victims Of Recent Flooding

Up to $10 million in low-interest disaster recovery loans available for businesses, residents in Kenosha and Racine counties.

BROOKFIELD, Wis. - North Shore Bank today announced it would make available up to $10 million in special, low-interest disaster recovery loans to repair water damage to businesses and homes affected by recent torrential rains and flooding in Kenosha and Racine counties. Qualified business and homeowners can borrow up to $25,000, with a rate of 5 percent.

"Heavy rains in recent days have taken a devastating toll on homes and businesses in southeastern Wisconsin and, as a community bank and community partner, we wanted to do something to help," said Jim McKenna, president of North Shore Bank. "When a situation like this occurs - with homes damaged, businesses closed and many still without power - it's hard to know where to begin. We want to make the cleanup easier for our neighbors in Racine and Kenosha counties."

The program will be available for 90 days, and North Shore Bank will work with local government and private organizations to identify families and businesses that may benefit from the program. Individuals interested in applying for a disaster recovery loan can call North Shore Bank at (262) 785-1600 or visit one of the bank's Kenosha and Racine county branches:

• Northside - 3911 N. Main St., Racine
• Westgate - 4923 Washington Ave., Racine
• Regency - 5723 Durand Ave., Racine
• Union Grove - 1101 Main St., Union Grove
• Burlington - 116 S. Pine St., Burlington
• Kenosha - 6906 Green Bay Rd., Kenosha

Illinois State Bank, a division of North Shore Bank, is also offering the disaster recovery loans to business and homeowners in McHenry and Lake counties.

North Shore Bank, headquartered in Brookfield, was founded in 1923. It has assets of $1.9 billion and 42 offices throughout eastern Wisconsin and northeastern Illinois. Current Wisconsin branch locations are in metro Milwaukee, Racine, Kenosha, Appleton, Menasha, the Green Bay area, Burlington, Union Grove and Door County. North Shore Bank also has two Illinois State Bank offices in McHenry County, Ill.

North Shore Bank in the news:

• North Shore Bank: Disaster Recovery Loans - TMJ4
• North Shore offers disaster recovery loans - Milwaukee Journal Sentinel
• North Shore Bank launches flood recovery loans - Small Business Times
• Flood victims will have to wait - Kenosha News