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:
1967:
FIC founded to acquire the Hyde Park Bank & Trust Company
1973:
FIC became an owner of LaSalle National Bank as Harrison Steans became Chairman
1977:
LaSalle National Bank sold to ABN Bank (ABN AMRO)
1986:
Hyde Park Bank & Trust Company subsequently renamed USAmeribancs
1987:
USAmeribancs sold to NBD Bancorp, Inc.
The Steans Family Foundation was founded in order to organize the family’s charitable activities
1994:
FIC was revived to make private equity investments in a variety of industries on behalf of family members and past business associates
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
