Lake View State Bank Building
General information
Location3179 N. Clark Street, Chicago, Illinois
Coordinates41°56′23.26″N 87°39′0.89″W / 41.9397944°N 87.6502472°W / 41.9397944; -87.6502472
Completed1920
DemolishedAugust 2021
Technical details
Floor count2
Design and construction
Architect(s)Ivar Viehe-Naess

The Lake View State Bank Building was a bank building at 3179 N. Clark Street, Chicago, Illinois. It was designed by Ivar Viehe-Naess and was built at a cost of $125,000 in 1920.[1][2] It replaced Lake View State Bank's previous building which was a half-block south and was built five years earlier.[3] The building was demolished in August 2021.

The bank became insolvent during the Great Depression, and was closed by the State Auditor on September 22, 1930.[4][5][6] On July 1, 1946, the Belmont National Bank opened in the building.[7] The building also housed medical offices in the mid-20th century.[8][9][10] In 1968, the Belmont National Bank doubled the floor space it occupied in the building, and opened a drive-thru banking service.[11] In 1987, Water Tower Trust and Savings Bank purchased Belmont National Bank, and in 1993 it was sold to River Forest Bancorp.[12][13][14] The building last housed a Fifth Third Bank branch and the LGBT Chamber of Commerce of Illinois.[15][16] The Hubbard Street Group demolished the building in favor of new construction, but did not disclose who planned to occupy the new building in advance.[15]

A demolition permit was issued August 4, 2021, and demolition began August 13. Because the bank was FDIC insured, the application for a demolition permit should have triggered a review to determine whether the bank was a historic building, according to Section 106 of the National Historic Preservation Act. However, no review took place.[17]

References

  1. ↑ "Building Permits". Chicago Tribune. July 31, 1919. p. 19.
  2. ↑ "Bank, Store and Office Building", The Economist. May 17, 1919. p. 931. Retrieved June 15, 2021.
  3. ↑ "Two North Side Business Buildings". Chicago Tribune. August 8, 1915. p. 8.
  4. ↑ "Lake View State Bank is Closed for Examination". Chicago Tribune. September 23, 1930. p. 16.
  5. ↑ "New Indictment Hits 3 Officials of Closed Bank: Lake View State Trio Is Accused Again". Chicago Tribune. March 18, 1932. p. 15.
  6. ↑ Testimony of Henry W. Freeman Transcript of Record in the United States Circuit Court of Appeals for the Seventh Circuit No. 5756. Sam Howard and Continental Casualty Company vs. The United States of America. p. 137. Retrieved June 11, 2021.
  7. ↑ "Two New National Banks to Be Opened Monday in Chicago". Chicago Tribune. September 28, 1946. p. 31.
  8. ↑ "Two Face Abortion Charge After Extortion Report". Chicago Tribune. December 11, 1946. p. 30.
  9. ↑ "Arrest Ex-Convict in Extortion Plot Against Physician". Chicago Tribune. March 12, 1950. p. 32.
  10. ↑ Wiedrich, Robert. "Quack Flouts Law--Makes No Bones About It!: In Fact, Skeleton Is His Stock in Trade". Chicago Tribune. September 25, 1958.. Part 3, p. 5.
  11. ↑ "Belmont National Bank Completing Expansion". Chicago Tribune. September 11, 1968. Section 3, p. 7.
  12. ↑ Gruber, William (March 25, 1987). "Business Beat". Chicago Tribune. Business p. 5.
  13. ↑ "Water Tower Chronology". Chicago Sun-Times. July 24, 1992. p. 43.
  14. ↑ Chandler, Susan (December 12, 1993). "New Bid for Water Tower Bank". Chicago Sun-Times. p. 1.
  15. 1 2 Wittich, Jake (April 22, 2021). "Developer Won't Tell Alderman, Neighbors What Will Open In Lakeview's Fifth Third Bank Building Until It’s Under Construction". Block Club Chicago. Retrieved June 15, 2021.
  16. ↑ Gettinger, Aaron (February 24, 2020). "Black LGBT Business-Owners Discuss Experiences, Call For Mutual Support at Hyde Park Forum". Hyde Park Herald. Retrieved June 15, 2021.
  17. ↑ Wittich, Jake (August 17, 2021). "Preservation Group Fights To Save Lakeview Bank After Developer Starts Demolition To Make Way For Mystery Tenant". Block Club Chicago. Retrieved August 28, 2021.
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