State Bank of Chicago was an American banking firm which conducted business under a

state of Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its ...

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 Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

. State Bank of Chicago was a successor to the private banking partnership of Haugan & Lindgren, Bankers which had been in operation since 1879. Haugan & Lindgren had been housed at No. 57 and No. 59 La Salle Street, Chicago. That bank was founded by Norwegian born Helge Alexander Haugan and his partner John R. Lindgren. It had initially focused on the large population of

Scandinavia Scandinavia is a subregion#Europe, subregion of northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. ''Scandinavia'' most commonly refers to Denmark, Norway, and Sweden. It can sometimes also ...

n residents within the Chicago area. In 1929, Walter W. Head took over as president of State Bank of Chicago and guided through a merger with Foreman National Bank. All of the State Bank's assets were transferred to the Foreman National. The merger with Foreman National eventually made the remaining institution, the Foreman-State Bank, one of the three largest banks in Chicago. During June 1931, the Foreman-State Bank was acquired by the

First National Bank of Chicago First Chicago Bank was a Chicago, United States-based retail and commercial bank tracing its roots to 1863, when it received one of the first charters under the then new National Bank Act. Over the years, the bank operated under several names inc ...

References

External links

“History of Norwegians of Illinois”“History of State Bank of Chicago”“Chicago Jewish History”
Banks established in 1891 Defunct companies based in Chicago Norwegian-American culture in Chicago 1891 establishments in Illinois {{Illinois-stub