GN Bank

GN Bank GN Bank is the only African American owned Bank in Illinois. We aim to grow with our community We have continued to grow and prosper. King Drive.

Thirteen African-American men, and their many supporters, had a dream to establish a savings and loan association sensitive to the needs of Black residents of Chicago. The story begins in the early 1930's when it was all but impossible for people of color to obtain mortgage loans. There has always been an undeniable connection between "where" one lives and "how" one lives. As a rule, access to qua

lity housing and a good neighborhood also translates to improved educational and employment opportunities. In the 30's, the future looked quite bleak due to a lack of access to better housing for Black citizens. However, "No" was not an option the founders of Illinois Service Federal were willing to accept. From the beginning, they worked closely with the Federal Home Loan Bank of Chicago, drawing heavily on the experience and advice of that Federal agency. The founders also enlisted the counsel of savings and loan executives with "general market" experience who were sympathetic to the cause. It was common knowledge that this endeavor was to be complex and even tedious; one that would take careful planning and a single-minded focus on the dream. Their persistence paid-off when in 1934, Illinois Service Federal was founded. The doors opened to a one-room office on 70 East 47th Street with deposits of $7,000.00. The first few depositors had balances ranging from $4.00 to $50.00. Our first employees were women black owned and managed S&L and began to make deposits in earnest. As assets grew, so did our ability to help the local communities grow and prosper. In the Fall of 2000, we opened a new, state-of-the-art facility at 8700 S. In combination with the main branch at 4619 S. King Drive the association today serves over 14,000 customers and has assets of more than $133 million dollars.

CHICAGO URBAN LEAGUE presents:The Wealth and Opportunity Entrepreneurship Summit has a new date for 2025. This isn’t jus...
11/18/2025

CHICAGO URBAN LEAGUE presents:

The Wealth and Opportunity Entrepreneurship Summit has a new date for 2025. This isn’t just an event—it’s a space to spark new ideas, build connections, and create real pathways for Black entrepreneurs and wealth builders.

It’s like tuning into a podcast… except you’re in the room where it happens.

Join us on November 21 for a full day of tools, mentorship, and bold conversations to inspire the next generation of leaders.

📍 Chicago Urban League Empowerment Center, 8331 S. Stewart Ave, Chatham
🗓️ New Date: November 21, 2025
⏰ 8:30 AM – 4:00 PM
🔗 Register: bit.ly/CULwealth25

WEALTH AND OPPORTUNITY SUMMIT 2025 The Entrepreneurship Conference for the Culture MORE DETAILS TO COME...... Easy-to-use event registration and management service with direct payouts. Discover great experiences or create and sell tickets to your own general admission and reserved seating events. Ti...

09/05/2025

This ia where we are, this is our neighborhood. We are proud to carry the great traditions forward.

Bronzeville is an influential Chicago neighborhood known as the "Black Metropolis" or "Black Belt" for its role as a vibrant African-American cultural and economic hub during the Great Migration and the first half of the 20th century. Today, it remains a center for African-American culture, featuring galleries, historic landmarks like the Bronzeville Walk of Fame, vibrant public art, and a rich legacy of influential figures like Gwendolyn Brooks, Louis Armstrong, and Ida B. Wells.

Bud Billiken Parade!
08/09/2025

Bud Billiken Parade!

08/07/2025

Bank Regulator OCC terminates Consent Order against GN Bank

03/06/2024
02/26/2024

Part of our proud history.

From the Chicago Defender newspaper: part of our history.
02/26/2024

From the Chicago Defender newspaper: part of our history.

On April 28, 2024, GN Bank in Chicago will be 90 Years Old. Vibrant, Strong and Serving Its Community.
02/19/2024

On April 28, 2024, GN Bank in Chicago will be 90 Years Old. Vibrant, Strong and Serving Its Community.

Address

4619 S King Drive
Chicago, IL
60653

Opening Hours

Monday 9am - 4:30pm
Tuesday 9am - 4:30pm
Wednesday 9am - 4:30pm
Thursday 9am - 4:30pm
Friday 9am - 6pm
Saturday 9am - 1pm

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