First National Bank of Chicago


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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.

References in periodicals archive ?
Others include First National Bank of Chicago -- $10.
He began his career as an economist at First National Bank of Chicago and then worked a number of years as an actuary and investment analyst at CNA Insurance and The Prudential.
Prior to that he has served with First Chicago Corporation for 24 years, most recently as an executive vice president of The First National Bank of Chicago and president of First Chicago Venture Capital.

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