City Treasurer Kurt Summers (center) poses for pictures after a press conference on September 18, 2017. Credit: A.D. Quig

City Treasurer Kurt Summers joined black aldermen, pastors, and business owners Monday morning to announce the city would deposit $20 million at Illinois Service Federal, the last black-owned bank in Illinois. According to FDIC disclosures, the infusion represents about 20% of the bank’s total deposits. ISF reported $111 million in assets and $100 million in deposits.

Want to read the whole article?

Daily Line subscribers get full access to every article published on The Daily Line, including our full archives and receive free or discounted admission to our special events.
Sign up