Who We Are

History

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:

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1967:

FIC founded to acquire the Hyde Park Bank & Trust Company

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1973:

FIC became an owner of LaSalle National Bank as Harrison Steans became Chairman

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1977:

LaSalle National Bank sold to ABN Bank (ABN AMRO)

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1986:

Hyde Park Bank & Trust Company subsequently renamed USAmeribancs

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1987:

USAmeribancs sold to NBD Bancorp, Inc.

The Steans Family Foundation was founded in order to organize the family’s charitable activities

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1994:

FIC was revived to make private equity investments in a variety of industries on behalf of family members and past business associates

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2007:

FIC combined operations with Concentric Equity Partners (CEP) in order to increase the focus on making direct investments into private companies.

Mission

FIC’s mission is to build a strong and enduring organization that promotes and embodies the family’s core values, including:

Work Ethic

the prerequisite for competent,
independent individuals

Stewardship

the responsibility to protect and
enhance one’s financial position
for future generations

Social Consciousness

a commitment to giving back

This mission serves as the lens through which we make key decisions, including those involving evaluating new investments.