ShoreBank may hire former Bank One executive

Posted April 16, 2010 at 2:56 p.m.

By Becky Yerak | Eileen Kennedy, who spent more than 20 years at Bank One Corp. and predecessor First Chicago NBD Corp., will join Chicago-based ShoreBank Corp. as a full-time employee — if Shorebank is able to raise much-need capital from investors.

Kennedy, the former treasurer of Bank One,  would join David Vitale, who has also agreed to join ShoreBank Corp. as chairman if its capital raise is successful. Vitale had served as vice chair and president of First Chicago and First Chicago/NBD, and as vice chair and director of Bank One.

The bank holding company, whose ShoreBank unit caters to hard-hit areas,
has told potential investors that as of the end of March, it has raised
nearly half of the private capital needed to support a total capital
raise of $200 million, including $74.7 million from the U.S. Treasury.
It is also telling potential investors that it promises to hire other
experienced bankers once the capital is raised.

Bank One was later bought by JPMorgan Chase.

Kennedy left Bank One in 2001 and joined Gartmore Group.  She later
worked for Nationwide Financial, at the time a Gartmore unit, and in
2005 returned to Gartmore to become its global chief financial officer.
She began her career with the Federal Reserve Bank of Chicago, and has a
bachelor’s in finance from the University of Illinois.

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