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Exploring Chicago's Most Elegant Abandoned Bank
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Our journey brings us to a rather peculiar place, in the heart of Chicago's suburbs we found a completely intact bank that has been abandoned since the year 2008. Karl Vitzthum, the architect, decided to give the building a Classical Revival-style design to convey a sense of security and permanence. Many newspapers called the bank "Chicago's most elegant bank" when it was finished in 1926. The five-story building cost about $650,000, which is about 11 million dollars today. For many years, it served the local community in this Chicago neighborhood. Families would come here to do all kinds of banking activities, but most of the stories you still hear are about going to the grand vault in the basement to check on a deposit box. In the mid-1990s, the bank was rebranded as Banco Popular, which was a natural occurrence because the Puerto Rican population of this particular neighborhood grew exponentially. For two more decades, this was the communities centerpiece, but the expenditures of keeping up such a building grew out of hand, and the management decided to leave this property behind and move the bank across the street to a smaller and cheaper facility. Although it has been 14 years since the last customer walked through its doors, the property hasn't let out its last breath yet. Just a couple of months after the filming of this documentary, renovation works on the property started, and the end goal is to turn it into a cultural hub and social housing for the community.
Let us show you what was once the most elegant bank in Chicago.
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Filmed by Danny and Lesley
Edited by ES Forgotten (Danny) @ES.Forgotten
#abandoned #explore #exploring
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