The COVID-19 pandemic shut down much of society—but for two banks in Mt. Greenwood, construction is now rolling along.
A new CIBC Banking Center is being built at 3052 W. 111th St., and Marquette Bank is in the final stages of renovating a vacant building at 3435 W. 111th St. and plans to open in August.
The CIBC Bank is being built next to the current bank, and officials said the new facility will have a modern look and will provide space for personal bankers, as well as drive-up lanes that include an ATM.
“We have been in the Mt. Greenwood community for a very long time,” said Helen Socha, CIBC head of U.S. retail banking. “Our new facility is in keeping with the direction we’ve seen 111th Street take over the last several years. We’ll still have the personal touch of our bankers in the lobby and at the drive-up, and new interactive options for today’s more digitally savvy clients.”
The construction was announced by 19th Ward Ald. Matt O’Shea in November 2018.
Marquette Bank, one of Chicago’s last independent neighborhood banks, purchased the building that formerly housed Byline Bank last fall and began renovations, but the project was delayed due to the COVID-19 pandemic.
The banking center is now expected to open mid-August.
Among the staff at the new Marquette Bank will be Mt. Greenwood residents Elizabeth Kucharski and Margaret Schroeder.
CIBC has locations across the country and has operated the Mt. Greenwood location since 2009.
According to Socha, the building, which has been home to other banks including Mt. Greenwood Bank and Founders Bank, has served its purpose.
“Our current location is a very old building that wasn’t originally designed to be a bank,” Socha said. “So, while it’s served us and our clients well for many years, it was time to update our facility to really deliver banking services in a way that reflects what our clients want and need from us.”
The public health crisis “had a minimal impact on our project,” Socha said. Workers have been seen on site, and the current building remains open.
The lobby had reduced hours as a safety precaution and is open 10 a.m-4 p.m. Monday-Friday and 9 a.m.-1 p.m. Saturday; the drive-up has normal hours: 7 a.m.-6 p.m. Monday-Friday, 8 a.m.-1 p.m. Saturday.
A drive-up ATM is available.
CIBC has been active in the community, including as a presenting sponsor of the Beverly Hills Turkey Trot, held the Saturday after Thanksgiving since 2009.
The current building has also been a popular spot during the Mt. Greenwood Holiday Stroll, an annual December promotion in which visitors stop in at businesses on 111th Street to enjoy discounts and treats.
While the public health crisis has done little to slow down construction of the new building, Socha said in its final months, the current CIBC location is adjusting to make life easier for customers during such stressful times.
“We are able to perform more transactions at the drive-up than we did prior to the pandemic,” Socha said. “That’s one of the many ways we are working to support our clients through these challenging times.”
Marquette Bank has served the Chicago area for 75 years, but the new facility will be its first in Mt. Greenwood.
“Our team is excited to bring local banking back to Mt. Greenwood,” said Kucharski, a 14-year Marquette Bank employee and manager of the new branch. “You have access to all the modern digital banking options but still receive the personal service and attention that you can only get from a neighborhood bank like ours.”
Schroeder, a lifelong native of Mt. Greenwood, will be a banker at the Mt. Greenwood branch.
“Marquette Bank is a great fit for Mt. Greenwood because this bank brings that same family-oriented, neighbor-helping-neighbor philosophy that fits our community.”
Marquette Bank is among the top 1 percent of all banks in the nation for community reinvestment. According to bank officials, the bank has a solid record on its Community Reinvestment Act exams and has received nine consecutive “Outstanding” ratings, the highest rating possible, from the Federal Reserve Bank of Chicago.