Shorebank and Indecorp (B)
Werhane, Patricia ...
Shorebank and Indecorp (B)
Werhane, Patricia H.; Powell, Elizabeth A.; McMillen, Sheila
E-0121 | Published October 2, 1998 | 6 pages Case
Collection: Darden School of Business
Product Details
The B case (see also the A [E-0120] and C [E-0122] cases) opens with Shorebank's decision not to pursue Indecorp, though by the end of the case Shorebank is reconsidering its decision. In the meantime, OmniBanc, a relatively small black-owned bank based in Michigan, makes a bid for Indecorp. To gain support for its bid, OmniBanc's public-relations efforts focus on retaining black ownership of the institution. Although the bid is ultimately unsuccessful, it raises the question of who should lend in the African American community.
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