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AUSTIN WEEKLY news ■ Fight is on to save Fred Hampton’s childhood home, PAGE 4

Vol. 32 No. 42

October 17, 2018

austinweeklynews.com

Also serving Garfield Park

@AustinWeeklyChi

@AustinWeeklyNews

Meett Shi M Shirley l Howard, page 3

Last blackowned bank on West Side closes By NONA TEPPER Staff Reporter

After 40 years in business, Liberty Bank & Trust and Co. has exited Chicago’s North Lawndale neighborhood, where it was the last black-owned bank on the city’s West Side. The New Orleans-based bank closed its brick-and-mortar branch at 1111 S. Homan Ave. on Sept. 14, leaving its suburban Forest Park branch as one of the few remaining brick-and-mortar Liberty Banks in the Chicago area, according to Crain’s Chicago Business. Liberty Bank represented the most popular bank in the area and, along with offering mortgages and wealth building services, operated with the aim of strengthening and stabilizing the North Lawndale community. The branch held $34 million in deposits as of June 30, 2017, which represented 6 percent of Liberty’s total deposits of $554 million, according the most recent data available from the Federal Deposit Insurance Corporation (FDIC). Forest Park held just $3.3 million during the same time frame. In a statement, Wendy Ryce-Smith, reSee LIBERTY BANK on page 5

Photo provided

SACRIFICE: Kerry James Marshall’s “Knowledge & Wonder,” a painting that the famous black artist created for Legler Library on the West Side, could be sold at auction for up to $15 million. The proceeds would go toward improvements at the library.

Selling soul for physical upgrades?

City planning to auction off expensive painting to fund improvements at Legler Library By IGOR STUDENKOV Contributing Reporter

The Chicago Public Library system is looking to give the West Side something it hasn’t had in decades — a library that’s open on Sundays and has longer weekday hours than regular neighborhood branch libraries. It just needs to sell a painting.

The library system is made up of the main Harold Washington Library, two regional libraries and dozens of neighborhood branch libraries. The regional libraries are meant to be smaller versions of the main library, with longer hours and more resources than the neighborhood branches. But while the North Side has Sulzer Regional Library and the South Side has Wood-

Proud to partner with Austin Talks

son Regional Library, the West Side hasn’t had a regional library of its own since 1977, when West Garfield Park’s Legler Library, 115 S. Pulaski Road, was converted into a neighborhood branch library. Now, CPL is looking to restore Legler Library’s regional status, increasing hours See LEGLER PAINTING on page 4

austintalks.org INTERESTED IN ADVERTISING? Contact Dawn Ferencak 708.613.3329


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