Heritage has successfully listed the Pioneer Trust and Savings Bank in Chicago, Illinois in the National Register of Historic Places as part of the ongoing historic tax credit rehabilitation.
The bank was established in the early 20th century to service the financial needs of the growing Humboldt Park neighborhood. At the time, Chicago’s population was increasing, and federal and state regulations prohibited large banks from opening branches, resulting in a proliferation of independent banks in the city’s various neighborhoods. The Classical Revival building was designed by architect Karl M. Vitzthum in 1925 to house the bank on the lower floors and leasable office space on the upper floors. Vitzthum’s design displays the distinctive characteristics of the style, including a monumental portico, classical elements, and symmetry.