Over the past fifty years, Financial Investments Corporation (“FIC”) has grown from the first single-bank holding company in Illinois to a multi-faceted private investment firm and family office. Key FIC milestones include:
FIC founded to acquire the Hyde Park Bank & Trust Company
FIC became an owner of LaSalle National Bank as Harrison Steans became Chairman
LaSalle National Bank sold to ABN Bank (ABN AMRO)
Hyde Park Bank & Trust Company subsequently renamed USAmeribancs
USAmeribancs sold to NBD Bancorp, Inc.
The Steans Family Foundation was founded in order to organize the family’s charitable activities
FIC was revived to make private equity investments in a variety of industries on behalf of family members and past business associates
FIC combined operations with Concentric Equity Partners (CEP) in order to increase the focus on making direct investments into private companies.
FIC’s mission is to build a strong and enduring organization that promotes and embodies the family’s core values, including:
the prerequisite for competent,
the responsibility to protect and
enhance one’s financial position
for future generations
a commitment to giving back
This mission serves as the lens through which we make key decisions, including those involving evaluating new investments.