Lake View State Bank Building
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The Lake View State Bank Building was a bank building at 3179 N. Clark Street,
Chicago, Illinois (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...
. It was designed by Ivar Viehe-Naess and was built at a cost of $125,000 in 1920. It replaced Lake View State Bank's previous building which was a half-block south and was built five years earlier. The building was demolished in August 2021. The bank became insolvent during the
Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...
, and was closed by the State Auditor on September 22, 1930. On July 1, 1946, the Belmont National Bank opened in the building. The building also housed medical offices in the mid-20th century. In 1968, the Belmont National Bank doubled the floor space it occupied in the building, and opened a drive-thru banking service. In 1987, Water Tower Trust and Savings Bank purchased Belmont National Bank, and in 1993 it was sold to River Forest Bancorp. The building last housed a
Fifth Third Bank Fifth Third Bank (5/3 Bank), the principal subsidiary of Fifth Third Bancorp is an American bank holding company headquartered in Cincinnati, Ohio. Fifth Third is one of the largest consumer banks in the Midwestern United States, Fifth Third B ...
branch and the LGBT Chamber of Commerce of Illinois.Wittich, Jake (April 22, 2021).
Developer Won't Tell Alderman, Neighbors What Will Open In Lakeview's Fifth Third Bank Building Until It’s Under Construction
. ''
Block Club Chicago ''Block Club Chicago'' is an online newspaper that reports local and neighborhood news in Chicago. The website operates as a non-profit, subscription-based service. After ''DNAinfo'' was shut down in November 2017, ''Block Club Chicago'' was fo ...
''. Retrieved June 15, 2021.
Gettinger, Aaron (February 24, 2020).
Black LGBT Business-Owners Discuss Experiences, Call For Mutual Support at Hyde Park Forum
. ''
Hyde Park Herald The ''Hyde Park Herald'' is a weekly newspaper that serves the Hyde Park neighborhood of Chicago, Illinois. Overview The newspaper was founded in 1882. For the ''Heralds first seven years, it was a suburban newspaper covering affairs in an ind ...
''. Retrieved June 15, 2021.
The Hubbard Street Group demolished the building in favor of new construction, but did not disclose who planned to occupy the new building in advance. A demolition permit was issued August 4, 2021, and demolition began August 13. Because the bank was FDIC insured, the application for a demolition permit should have triggered a review to determine whether the bank was a historic building, according to Section 106 of the National Historic Preservation Act. However, no review took place.Wittich, Jake (August 17, 2021).
Preservation Group Fights To Save Lakeview Bank After Developer Starts Demolition To Make Way For Mystery Tenant
. ''Block Club Chicago''. Retrieved August 28, 2021.


References

{{Reflist 1920 establishments in Illinois Demolished buildings and structures in Chicago Office buildings completed in 1920 Bank buildings in Illinois Former bank buildings Buildings and structures demolished in 2021 2021 disestablishments in Illinois