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First National Bank of Chicago

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

First National Bank of Chicago

 

a major private bank in the USA, founded in 1863. Together with Continental Illinois Corporation, which held assets of $19.5 billion in 1975, the bank forms the nucleus of the Chicago financial group. The bank’s directors are the leaders of some of the largest industrial enterprises in Chicago, such as Inland Steel Company, International Harvester Company, Caterpillar Tractor Company, and the Commonwealth Edison Company. The bank has six branches in the USA and approximately 50 branches and subsidiary banks abroad. As of July 1, 1976, the bank’s total balance was $17.7 billion, capital and reserves were $800 million, deposits and current accounts totaled $13.4 billion, and loans amounted to $10.6 billion.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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Connolly left New Hampshire and government and earned his MBA through First Chicago Bank's First Scholar Program.
Liu worked as an administrative assistant for First Chicago Bank in Chicago.
Earlier in his career, he held various roles within Lehman Brothers, Moody's Investor Service, AT&T Capital Corporation, Resolution Trust Corporation, First Chicago Bank & Trust and Chase Manhattan Bank.
Busiel, who began his career within the Capital Markets Unit of First Chicago Bank, has held several sales, trading and quantitative research roles.
Prior, she served as Senior Vice President of the Purchased Asset Division for Wintrust Financial Corporation, managing the First Chicago Bank & Trust portfolio acquired from the FDIC.
Illinois officials also closed First Chicago Bank & Trust.
Most of the new bank's management is from the former First Chicago Bank, which Vitale once led.
She has also worked at Morgan Stanley, Bankers Trust, and First Chicago Bank, where she gained a broad range of experience in marketing and executing over-the-counter derivatives transactions.
New Bank One would acquire control of First Chicago's subsidiary banks, including its lead bank subsidiary, First National Bank of Chicago, Chicago, Illinois ("First Chicago Bank"),(1) and retain control of Banc One's subsidiary banks.
Begg Jr., vice president, corporate investigation and fraud prevention, First Chicago Bank and incoming chairman of the American Bankers Association Security Management Committee, echoes his concern.
He started out in 1983 with Capital Trust Brokers Limited Lagos as a stockbroker where he excelled and subsequently worked with International Merchant Bank (an affiliate of First Chicago Bank).
He cites examples of Ameritech supplying computers to schools and First Chicago Bank promising to make more loans in his district.
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