New banks in Illinois

Northwestern Financial Review, Sep 15-Sep 30, 2004

Illinois banking news also includes the authorization of at least two new bank charters recently. New Covenant Bank was granted a charter June 25 to open in Forest Park. The organizers are Ivy Bennett, Herman Davis (chief financial officer/cashier), Douglas Goeckel, John Sorensen, Jr., (president/CEO) and William Winston (chairman). The capital of the bank includes 797,000 shares of capital stock with a par value of $1.00 and surplus of $7,177,500.

The Illinois Department of Financial and Professional Regulation's Division of Banks and Real Estate also issued a charter to Edgebrook Bank in Chicago on June 30. Organizers are Bernard Glavin, Jr., Anthony Jay Rose, Suzanne Glavin, Robert Braun, Wally Hund and Scott Bentivenga. The capital structure includes 15,000 shares of capital stock with a par value of $50 and surplus of $6,255,000.