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Continental Illinois can be traced back to two Chicago banks, the Commercial National Bank, founded during the American Civil War, and the Continental National Bank, founded in 1883. In 1910, the two banks merged to form the Continental & Commercial National Bank of Chicago with $175 million in deposits – a large bank at the time. In 1932 the ...
CIVC Partners, previously known as Continental Illinois Venture Corporation, is a Chicago-based private equity firm that presently has over $1.8 billion of equity capital under management. The firm's predecessor was established in 1970 as a subsidiary of Continental Illinois National Bank and Trust Company.
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The Continental and Commercial National Bank is a historic office building located at 208 S. LaSalle Street in Chicago's Loop. The 21-story building was built in 1911-14 for the Continental and Commercial National Bank, at the time one of the largest banks in the nation.
Continental was formed with the acquisition of the 2,000‐station Millstadt Ill., telephone. exchange. Philip J. Lucier was the company’s president until his death in July 24, 1970, after a bomb exploded in a company auto mobile on the parking lot of the Pierre Lacleve Center in Clayton.
In 1974, O’Neill joined Continental Illinois. He moved to First Interstate Capital Markets in 1984 and returned to Continental in 1989 to manage its mergers and acquisitions advisory business, becoming CFO in 1992. After Continental was acquired by BankAmerica, he became head of its global equity investments division from 1994 to 1995. From ...
Continental Airlines (simply known as Continental) was a major airline in the United States that operated from 1934 until it merged with United Airlines in 2012. It had ownership interests and brand partnerships with several carriers.
[51] 1984 saw the largest commercial bank failure to date, that of Continental Illinois, which was infamously branded "too big to fail". [52] The bank failed amid a rise in foreign non-performing loans (mostly in Latin America) and an electronic bank run. The FDIC stepped in to prevent the failure of almost 2,300 smaller banks which had their ...