BWChicago did some great detective work that I was unable to uncover. Yesterday's post on the
Hoyne Savings Bank left my history on this building pretty sketchy because I was unsure of its former use. It looks like it was built as a bank from day one but it was also very hard to tell in the databases. Now we know that it was built in 1921 as Jefferson Park State Bank. How great is it that a bank building that was originally built to exchange and store monetary values is still used for this purpose today?
My thanks goes out to BW who also had this to add about the bank building's rich history, which isn't as corruption-free as I had hoped. I should have guessed.
"Here's the good story for this bank: The New York to Paris Derby of the Jefferson Park National Bank has ended and the winner is plane No. 4, piloted by Assistant Cashier John F. Iglewski and navigated by C. Milner Peters, which took the $100 cash prize for first reaching the French capital. The Derby was a contest for increased business, and every new customer and new dollar had a value in the mileage rating. Five planes, represented by as many teams, participated. The quota for the competition, set at $500,000, was exceeded by $186,000 8-19-28, Chicago Daily Tribune. It's not clear what happened to the building after it closed. Hoyne moved in sometime before 1955.
It was also connected to William Malone, a politician with a very long and juicy story related to many issues in 1930s Northwest Chicago and suburbs, particularly Park Ridge."