State Bank of Chicago
Encyclopedia
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 . 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 Scandinavian
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. .
Haugan & Lindgren
Haugan & Lindgren was a bank headquartered in Chicago, Illinois. The bank operated from December 8, 1879, until February 10, 1891, from quarters at No. 57 and No. 59 La Salle Street. The bank was a partnership of Helge Alexander Haugan, H. G. Haugan and John R. Lindgren. Haugan & Lindgren was a...
, 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
Helge Alexander Haugan
Helge A. Haugan was an American banking executive in Chicago, Illinois. Haugan was a founding partner of Haugan & Lindgren and the founding president of the State Bank of Chicago.-Background:...
and his partner John R. Lindgren
John R. Lindgren
John R. Lindgren was an American Banking executive.John Richard Lindgren was born in Chicago, Illinois, the only son of Charles Magnus Lindgren, a Swedish born ships captain and vessel-owner of Chicago. With Helge Alexander Haugan, Lindgren established the banking firm of Haugan & Lindgren in 1879...
. It had initially focused on the large population of Scandinavian
Scandinavians
Scandinavians are a group of Germanic peoples, inhabiting Scandinavia and to a lesser extent countries associated with Scandinavia, and speaking Scandinavian languages. The group includes Danes, Norwegians and Swedes, and additionally the descendants of Scandinavian settlers such as the Icelandic...
residents within the Chicago area..
In 1929, Walter W. Head
Walter W. Head
Walter William Head was an American banker and insurance executive. He was president and founder of the General American Life Insurance Company, now a part of MetLife, and president of the American Bankers Association...
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. .