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  Mary Houghton

Mary Houghton is President of Shorebank Corporation, Chicago and has been a member of its senior management since it's founding in 1973 and is currently president.

Shorebank, a $1.3 billion asset regulated bank holding company, invests its own resources and attracts external resources to under- invested urban and rural communities in Illinois, Ohio, Michigan and Washington state. The first and largest community development bank in the United States, it originated $170 million in new development investment in its targeted local communities in 2001, bringing its cumulative total to $1.2 billion.

Shorebank deploys banking and non-banking institutions to support rental housing rehabilitation, purchase and rehab for home ownership, personal asset accumulation, sustainable and small business development through an array of bank and non-bank financial products and information services.

For a decade, beginning in 1983, she was a short-term advisor in Bangladesh to the Grameen Bank and Bangladesh Rural Advancement Committee and later in Pakistan to the Aga Khan Rural Support Program. She has been a director of K-REP Bank, Kenya since 1999.

Mary Houghton was the senior lender and senior operating officer of the South Shore Bank in Chicago until the early '80s. She was a co- founder of two non-profit organizations in Chicago formed to meet the economic needs of low and moderate women and is a member of the World Bank's Policy Advisory Group for the Cities Alliance. Her degrees are an M.A. in international studies from Johns Hopkins University and a B.A. cum laude from Marquette University. . . . short bio
Mary Houghton is President of Shorebank Corporation, Chicago and has been a member of its senior management since it's founding in 1973 and is currently president.

Shorebank, a $1.3 billion asset regulated bank holding company, invests its own resources and attracts external resources to under- invested urban and rural communities in Illinois, Ohio, Michigan and Washington state. The first and largest community development bank in the United States, it originated $170 million in new development investment in its targeted local communities in 2001, bringing its cumulative total to $1 . . . full bio

2002
Bankers, Organizers and Entrepreneurs: A Colorful Unborn Partnership
Library: Current Issues Lectures
Speaker(s): Mary Houghton
Date: 08-08-2002
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