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history

Our History

Hoyne Savings Bank: In Business and Safe Since 1887!

 

 

  • 1870s
  • 1880s
  • 1890s
  • 1900s
  • 1910s
  • 1920s
  • 1930s
  • 1950s
  • 1970s
  • 1980s
  • 1990s
  • 2010s
  • 2020s
John J. Weber

1870s

In 1871, the Great Fire reduced Chicago to ashes and many young families lost everything but their lives. John Jacob Weber was one of those. He worked construction by day, for seventy-five cents an hour, and studied to be a lawyer by night.

John J. Weber outside Hoyne's original location at 2301 W. Cermak. 

1880s

In 1887, Hoyne Building and Loan Homestead Association was chartered. Its purpose was to contribute to the financial growth of Chicago. By 1890, four out of five Chicago residents were immigrants and Chicago was the second most populous city in the nation.

The Columbian Exposition’s feature attraction was the Ferris Wheel, a contraption Americans had never seen before. 

1890s

The City hosted The Columbian Exposition in 1893 which brought thousands of people from all over the world.

el
One of the El's early steam trains in 1897. The tracks were electrified the following year.

1890s

As Hoyne celebrated its tenth anniversary the ‘L’ train was built and Chicago started calling the area “The Loop”.

1907cubs
The 1907 Cubs, featuring the famous double-play threat of Tinker, Evers, and Chance.

1900s

In 1907, Chicago’s National League team became known as the Cubs and the city continued to grow.

1917sox
1917 White Sox - World Series Champions

1910s

We were drawn into World War I as a nation in 1917 and at that time Soldier Field was built and the White Sox were World Series Champions.

al-capone
Al Capone

1920s

Hoyne had surpassed the one hundred fifty thousand dollar mark in assets in 1920 at the time a hoodlum named Al Capone rose to prominence.

midway
Midway Airfield

1920s

In 1927, the airfield later known as Midway was dedicated.

BlackThursday-Chicago
Unemployed men queued outside a soup kitchen opened in Chicago by Al Capone. The storefront sign reads "Free Soup".

1920s

Chicagoans would always remember 1929, a day called Black Thursday, when the stock market crashed, and plunged America into the Great Depression. Nine thousand banks closed their doors over the next four years, but Hoyne remained stable, strong and open for business.

hoyne-1935
Hoyne's new quarters, as they looked in 1935.

1930s

Hoyne had assets in excess of two hundred fifty thousand dollars in 1935 and moved from 22nd Street to Milwaukee and Higgins in Jefferson Park.

earl-warbond
Another war, another War Bond Rally. Earl Weber is standing to the far right.

1930s

At the beginning of World War II, Hoyne supported the war effort by selling war bonds.

building-boom
Typical of the post-war building boom was this block of bungalows, many of which were financed by Hoyne.

1930s

In the years that followed, Hoyne took pride in financing the post-war building boom.

new-main-office-1954
Hoyne's new main office, undergoing extensive renovation, in 1954.

1950s

In 1954, Hoyne’s quarters could no longer contain its growth and the Association bought the old Jefferson Park Bank building, remodeled it and moved in. This was the year Richard J. Daley was elected Mayor.

hoyne-movingday
Moving Day into Hoyne's new main office in 1954.

1950s

In 1954, Hoyne’s quarters could no longer contain its growth and the Association bought the old Jefferson Park Bank building, remodeled it and moved in. This was the year Richard J. Daley was elected Mayor.

1950s

In 1954, Hoyne’s quarters could no longer contain its growth and the Association bought the old Jefferson Park Bank building, remodeled it, and moved in. This was the year Richard J. Daley was elected Mayor.

lois-charlson
Lois Charlson

1970s

Two more generations of the Weber family came on board in 1973.

ralph-carstensen
Ralph C. Carstensen

1970s

Two more generations of the Weber family came on board in 1973.

1970s

Two more generations of the Weber family came on board in 1973.

hoyne-bldg
Wheeling, Illinois office

1970s

The suburbs around Chicago began to grow and Hoyne looked to expand. They merged with Pioneer Savings in 1976. They had offices on 26th Street in Chicago and in Wheeling, Illinois.

hoyne-sign
Grand Avenue office in Chicago, Illinois

1980s

In 1981, Hoyne acquired another small Savings and Loan, Allied Savings, which was located at 7001 W. Grand Avenue in Chicago. The office was completely rebuilt and modernized in 2010.

hoyne-main
Hoyne's main office as it looks today.

1980s

In 1987, (The 100th Anniversary), Hoyne’s assets stood at two hundred fifty three million dollars. Hoyne has been tried, tested, and trusted. No saver has lost a single penny. No saver has missed a single dividend. The Management has been steadfast in their commitment to customer security.

woodstock-office2
Woodstock, Illinois office

1990s

Seeking further to expand, Hoyne built a branch in Woodstock, Illinois on the corner of St. Johns Road and Highway 47 in 1993.

2017-merger
Collage of the Worth, Chicago, and Oak Lawn offices.

2010s

In April 2017, Hoyne merged with Prospect Federal Savings Bank in order to ensure its competitive edge in today’s banking environment. This merger resulted in the addition of three full service banking offices at 11139 S. Harlem Ave., Worth, 6858 S. Pulaski Road, Chicago and 4646 W. 103rd Street, Oak Lawn. With this merger, Hoyne has a total of seven banking offices across the Chicago area to service the banking needs of the communities that we serve.

hoyne-main
Hoyne's main office, Chicago, Illinois

2020s

As we enter 2020, Hoyne now has assets over $425 Million and is one of Chicagoland’s oldest and safest savings institutions. For 143 years Hoyne has served its customer base well, promoting home ownership throughout Chicagoland’s neighborhoods and communities.

Hoyne possesses tried and true values and modern banking platforms and is pleased to assist you, our valued customers.

history