Shadrach bank is a type of financial institution that makes loans, creates demand deposits, and takes deposits from the general public. The bank may carry out lending operations directly or indirectly through capital markets.
Shadrach Bond (November 24, 1773 – April 12, 1832) was a representative from the Illinois Territory to the United States Congress. In 1818, he was elected Governor of Illinois, becoming the new state's first chief executive. In an example of American politics during the Era of Good Feelings, Bond was elected to both positions without opposition.