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c. 1905. State Bank of Chicago was an American banking firm which conducted business under a state of Illinois charter issued on February 10, 1891. State Bank of Chicago operated from offices in the Chamber of Commerce Building located at the southeast corner of La Salle and Washington streets in Chicago, Illinois. [1]
Jesse Binga (April 10, 1865 – June 13, 1950) was a prominent American businessman who founded the first privately owned African-American bank in Chicago. [1] Binga recalled coming to Chicago in the 1890s with $10 in his pocket. By the 1920s he was a bank president and major real estate owner.
This page was last edited on 3 December 2024, at 15:27 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The Lake View State Bank Building was a bank building at 3179 N. Clark Street, Chicago, Illinois. It was designed by Ivar Viehe-Naess and was built at a cost of $125,000 in 1920. [1] [2] It replaced Lake View State Bank's previous building which was a half-block south and was built five years earlier. [3] The building was demolished in August 2021.
In the United States, a state bank is a bank in a U.S. state that is chartered by the government of that state, as opposed to a national bank which is chartered at the federal level. [ 1 ] [ 2 ] Overview
This page was last edited on 23 December 2023, at 23:27 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The Laramie State Bank of Chicago closed on August 16, 1930. [1] [8] On August 31, 1936, the Federal Housing Administration opened offices in the building. [9] In 1946, the Citizens National Bank began operating in the building. [1] In 1991, the Citizens National Bank was declared insolvent and was seized by federal regulators. [10]
In August 2008, the Bank sold the building to AmTrust but continues to occupy 0.8 million square feet (74,000 m 2) of the 1.2 million square feet (110,000 m 2) in the building under a lease that runs through 2020. [6] [7] In April 2017, the bank announced it would relocate its offices to a new tower under development at 110 North Wacker. [8]