By Becky Yerak | ShoreBank,
the ailing South Side lender, is nearing completion of its capital
raise to remain independent, according to sources familiar with the
negotiations. It has received about $135 million in commitments from private sources — about $10 million more than it was seeking.

See also: Northern Trust, Harris to support ShoreBank

New investors include General Electric, who is expected to contribute about $20 million.

ShoreBank needs to raise about $200 million to stave off seizure by banking regulators. With the private capital, it may be eligible for about $75 million in money from the U.S. Treasury.