First Chicago Bank was a Chicago , United States-based retail and commercial bank tracing its roots to 1863, when it received one of the first charters under the then new National Bank Act . Over the years, the bank operated under several names including The First National Bank of Chicago and First Chicago NBD (following its 1995 merger with the former National Bank of Detroit ). In 1998, First Chicago NBD merged with Banc One Corporation to form Bank One Corporation , today a part of Chase .
79-487: On July 1, 1863, banker Edmund Aiken and his partners invested $ 100,000 to found a new federally chartered bank that could take advantage of the National Banking Act of 1863, which allowed national banks to exist along with state-chartered institutions for the first time. First Chicago received National Bank charter No. 8. The new bank known as The First National Bank of Chicago, or The First, grew steadily in
158-687: A $ 30 billion merger with Banc One Corporation of Columbus, Ohio . Bank One was also a leading issuer of credit cards through its First USA division. Following the merger, the company was renamed Bank One Corporation , headquartered in Chicago. The First Chicago and NBD names were retired in 1999. In 2004, Bank One Corporation merged into JPMorgan Chase & Co. and its subsidiary bank, then named Bank One, National Association, merged into JPMorgan Chase Bank , National Association. National Banking Act The National Banking Acts of 1863 and 1864 were two United States federal banking acts that established
237-601: A charter. By the 1860s, over half of states had such a law on the books. However, the National Banking Act of 1864 (ch. 106, 13 Stat. 99 ; June 3, 1864) brought a close to the issue by establishing federally-issued bank charters, which took banking out of the hands of state governments. The first bank to receive a national charter was the First National Bank of Philadelphia, Pennsylvania (Charter #1). The first new national bank to open
316-648: A family in DuPage County is $ 121,009, according to the 2005 census. The per capita income for the county was $ 38,458. About 2.40% of families and 3.60% of the population were below the poverty line , including 3.90% of those under age 18 and 4.30% of those age 65 or over. DuPage County has several hundred Christian churches, and especially around Wheaton is a Bible Belt , with Wheaton College and various other evangelical Christian colleges, and publishing houses including InterVarsity Press , Crossway , Tyndale House , Christianity Today and other smaller ones in
395-743: A few points. DuPage golf courses include: Wheaton's Chicago Golf Club , Arrowhead Golf Club and Cantigny Golf courses; the Medinah Country Club ; the Village Links and Glen Oak Country Club of Glen Ellyn ; Addison's Oak Meadows ; Oak Brook's Oak Brook Golf Club, Butler National Golf Club , and Butterfield Country Club; Wood Dale's Maple Meadows ; Westmont's Green Meadows ; Lisle's River Bend (9 holes); West Chicago's St. Andrews Golf & Country Club and Winfield's Klein Creek Golf Club, among others. DuPage County
474-454: A free-entry banking regime, the system remained poorly integrated across state lines. Though all banknotes were uniformly denominated in dollars, notes would often circulate at a steep discount in states beyond their issue. In the end, well-publicized frauds arose in states like Michigan, which had adopted free entry regimes but did not require the redeemability of bank issues for specie. The perception of dangerous " wildcat banking ”, along with
553-649: A high of 87 °F (31 °C) in July, although a record low of −26 °F (−32 °C) was recorded in January 1985 and a record high of 105 °F (41 °C) was recorded in July 1995. Average monthly precipitation ranged from 1.56 inches (40 mm) in February to 4.60 inches (117 mm) in August. Counties that are adjacent to DuPage include: DuPage County's population's distribution by race and ethnicity in
632-613: A majority of offices in Naperville and Lisle townships. Between these two victories, Democrats only held two township offices. Mark Starkovich served as York Township Supervisor from 1989 to 1993 and Martin McManamon has served as Wayne Township Highway Commissioner since 2013. In 2020, Democrats won control of the DuPage County Board, expanding on their 2018 lead. In 2022, Democrats expanded their majority in
711-512: A mill to serve surrounding farmers. Today, the Hobson house still stands on Hobson Road in Naperville, and the location of the mill is commemorated with a millstone and monument in today's Pioneer Park. According to the U.S. Census Bureau , the county has a total area of 336 square miles (870 km ), of which 327 square miles (850 km ) is land and 8.9 square miles (23 km ) (2.6%)
790-530: A mixed socioeconomic profile and residents of Hinsdale , Naperville and Oak Brook include some of the wealthiest people in the Midwest . On the whole, the county enjoys above average median household income levels and low overall poverty levels when compared to the national average. Prior to European-American settlement, the area that is now DuPage County was inhabited by the Potawatomi people. By 1800,
869-802: A system of national banks chartered at the federal level, and created the United States National Banking System. They encouraged development of a national currency backed by bank holdings of U.S. Treasury securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury . The Act shaped today's national banking system and its support of
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#1732780792534948-813: A uniform U.S. banking policy. At the end of the Second Bank of the United States in 1836, the control of banking regimes devolved mostly to the states. Different states adopted policies including a total ban on banking (as in Wisconsin), a single state-chartered bank (as in Indiana and Illinois), limited chartering of banks (as in Ohio), and free entry (as in New York). While the relative success of New York's "free banking" laws led several states also to adopt
1027-553: A variety of other services and information to the public schools within 42 school districts of the county that provide education to over 161,000 students in 245 schools. The following is a list of school districts that not only includes those supported by the DuPage County Regional Office of Education, but includes others which may have schools and/or administrative headquarters outside of DuPage County but which have any territory, no matter how slight, within
1106-732: Is a Nichiren Shōshū Zen Buddhist temple in West Chicago and a Theravada Buddhist Temple, called the Buddha-Dharma Meditation Center, in Willowbrook . There is also a Reform synagogue , Congregation Etz Chaim, in Lombard and an unaffiliated one in Naperville, called Congregation Beth Shalom. DuPage County is the primary location of the Illinois Technology and Research Corridor . It
1185-456: Is a county in the U.S. state of Illinois , and one of the collar counties of the Chicago metropolitan area . As of the 2020 census , the population was 932,877, making it Illinois' second-most populous county . Its county seat is Wheaton . Known for its vast tallgrass prairies , DuPage County has become mostly developed and suburbanized, although some pockets of farmland remain in
1264-1222: Is an important live theatre in DuPage County. The Tivoli Theatre , one of the first theatres in the United States to be equipped with sound, is still in use in Downers Grove. In addition to showing movies, the Tivoli is home to several local performing arts groups. The McAninch Arts Center located on the Glen Ellyn campus of the College of DuPage also presents a variety of music, dance, theater and comedy year round both on its three indoor stages and its outdoor Lakeside Pavilion. The Forest Preserve District of DuPage County owns and manages 25,000 acres (10,000 ha) of prairies , woodlands and wetlands . More than 4 million visitors each year enjoy 60 forest preserves, 145 miles of trails, and five education centers. Local urban parks include Lombard 's Lilacia Park , Naperville 's Centennial Beach , Woodridge 's Cypress Cove Family Aquatic Park and Wheaton 's Cosley Zoo . Privately funded attractions include Lisle 's Morton Arboretum . In
1343-674: Is elected countywide every four years. DuPage County is part of Regional Office of Education #19 which is coterminous with the county's corporate boundaries. As of December 2022, the DuPage County Board is controlled by the Democratic Party by an 11 to 7 margin. DuPage County was historically a stronghold of the Republican Party , and a classic bastion of suburban conservatism. In recent years, DuPage County has joined other suburban counties outside large U.S. cities trending Democratic in presidential election years since
1422-507: Is governed by a County Board whose duties include managing county funds and business, levying taxes, and appropriating funds. The County Board exercises powers not assigned to other elected officials or other boards. The county is divided into six districts. Each district elects three members to the County Board in staggered two-year and four-year terms. The Chairman of the County Board is the chief executive officer of DuPage County, and
1501-524: Is home to many large corporations, including: Shopping malls in DuPage County include Oakbrook Center , which is the largest open-air mall in the nation, Fox Valley Mall , Yorktown Center , Town Square Wheaton , and Stratford Square Mall . In addition, many of DuPage County's towns have prosperous and quaint downtown areas, especially in Naperville , Glen Ellyn , Elmhurst , Wheaton , Downers Grove and Hinsdale , which are mixed with boutiques, upscale chain stores and restaurants. Fermilab , which has
1580-424: Is in the 5th , 6th , 8th , 11th and 14th districts. In the 2018 general election, despite the county's historical Republican dominance, Democrats won every congressional district within the county. Republicans historically controlled local politics in DuPage County from the nineteenth century until modern times. During the twentieth century, Democrats only held countywide office twice. In 1934 William Robinson
1659-711: Is the tallest building in Illinois outside of Chicago. The Elmhurst Art Museum is housed in a Mies Van Der Rohe building. There is a Frank Lloyd Wright house in Elmhurst . Bochasanwasi Akshar Purushottam Swaminarayan Sanstha , a conservative Hindu sect , has built BAPS Shri Swaminarayan Mandir Chicago , a large, intricately carved, marble temple in Bartlett . There are some Sears Catalog Homes in Downers Grove and Villa Park . The Byzantine-style clubhouse of
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#17327807925341738-629: Is water. The DuPage River and the Salt Creek flow through DuPage County. According to the Forest Preserve District of DuPage County, the highest point in the county is located at the Mallard Lake Landfill, which at its highest point is 982 feet (299 m) above mean sea level. In recent years, average temperatures in the county seat of Wheaton have ranged from a low of 14 °F (−10 °C) in January to
1817-419: The 2020 census was as follows: The largest European ancestries reported among DuPage County residents in the 2022 American Community Survey are German (147,639 people or 16% of the population), Irish (112,329 people, 12.2%), Polish (89,682, 9.7%), Italian (82,745, 9%), and English (62,404, 6.8%). The largest Hispanic group in the county is Mexican Americans , numbering 106,907 and making up 11.6% of
1896-776: The Chicago College of Osteopathic Medicine in Downers Grove ; National University of Health Sciences in Lombard ; Northern Seminary and National Louis University in Lisle ; the Addison and Naperville campuses of DeVry University ; the Naperville campus of Northern Illinois University ; and the Wheaton campus of Illinois Institute of Technology . The DuPage County Regional Office of Education provides regulatory and compliance oversight, quality services and support, and
1975-478: The DuPage River , which was, in turn, named after a French fur trapper, DuPage. The first written history to address the name, the 1882 History of DuPage County, Illinois , by Rufus Blanchard, relates: The DuPage River had, from time immemorial, been a stream well known. It took its name from a French trader who settled on this stream below the fork previous to 1800. Hon. H. W. Blodgett, of Waukegan, informs
2054-614: The Gramm-Leach-Bliley Act of 1999). In 2004, the Act was used by John D. Hawke, Jr. , Comptroller of the Currency , to effectively bar state attorneys general from national bank oversight and regulatory roles. Many blame the resulting lack of oversight and regulation for the late-2000s recession , the bailout of the U.S. financial system and the subprime mortgage crisis . DuPage County, Illinois DuPage County ( / d uː ˈ p eɪ dʒ / doo- PAYJ )
2133-545: The Medinah Country Club is also an architectural highlight of the county. Lombard is home to over thirty Lustron prefabricated steel homes. Historical museums in DuPage County include: Specialty museums in DuPage County include: Historical sites include: DuPage also plays host to a rich local music scene. Some of the better-known bands to come out of the area include The Hush Sound , Lucky Boys Confusion , and Plain White T's . Oakbrook Terrace's Drury Lane Theatre
2212-598: The Mexican–American War . However, the revenue generated this way was limited without a national currency. This became more urgent during the Civil War, when Congress and Lincoln were struggling to finance the war efforts. Without a national mechanism for issuing currency, the Lincoln administration could not exploit the powers and loopholes that, for example, Britain could with its central bank, in order to finance
2291-631: The 1860s, financing the American Civil War . The First merged with Union National Bank in 1900 and with the Metropolitan National Bank in 1902. At the beginning of the twentieth century, noted investors in the bank include J. Pierpont Morgan , James Stillman , Jacob H. Schiff , E. H. Harriman , and Marshall Field . In 1913, The First became a charter member of the Federal Reserve system. The First survived
2370-399: The 1870s, when the growing popularity of checks and the declining profitability of national bank currency issues caused a resurgence. The granting of charters led to the creation of many national banks and a national banking system which grew at a fast pace. The number of national banks rose from 66 immediately after the Act to 7,473 in 1913. Initially, this rise in national banking came at
2449-610: The 1980s, DuPage County also had another major attraction, Ebenezer Floppen Slopper's Wonderful Water slides in Oakbrook Terrace , which today, stands abandoned and neglected. The Illinois Prairie Path , a 61-mile (98 km) rail-to-trail multi-use path, runs through Cook, DuPage and Kane Counties. It intersects with the Great Western Trail at several points, as well as the Fox River Trail at
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2528-430: The 1990s. The county also leans Democratic in state and local politics. In the 2018 Illinois gubernatorial election , J. B. Pritzker became the first Democratic candidate for the governorship to win the county in nearly 100 years. DuPage County voters backed Pritzker in his 2022 re-election bid by a large margin. The county supported Barack Obama , a Chicago resident, in 2008 and 2012 (albeit narrowly in 2012). Obama
2607-915: The 20% of residents who were born abroad, 45.2% were born in Asia , 25.8% were born in Latin America , 24.3% were born in Europe , 3.5% were born in Africa , 3.1% were born in South America , 0.2% were born in Oceania , and 1.1% were born in Canada . The top countries of birth for immigrants in DuPage County are Mexico (36,146), India (35,486), Poland (14,107), the Philippines (11,352), and China (10,116). The per-capita income in DuPage County
2686-571: The 2008 Democratic wave, three Democrats were elected to the board. After the initial Obama wave, Republicans reasserted themselves on the board and by 2017 Democrats held only one of the eighteen board seats. In the 2018 general election, Democrats won seven seats as well as the offices of County Clerk and Forest Preserve District President. In 1973, a slate of Democrats took eight of nine offices in Addison Township . This feat would not be replicated until 2017 when Democratic candidates won
2765-626: The County Board to 11 seats out of 18. Concurrently, Democrat Deb Conroy was elected as the chairman of the County Board. The College of DuPage , in Glen Ellyn , is one of the largest community colleges in the United States. Wheaton College is one of the most well-known and respected evangelical Christian colleges in the country. Benedictine University , Elmhurst University and North Central College also have long and respected histories in their communities. Other prominent colleges and universities include: Midwestern University and
2844-645: The Great Depression, the First would absorb First Union Trust and Savings Bank's customers and operations. The bank was active in the sale of War Bonds during World War II . During the 1950s and 1960s the First expanded both in the Midwestern US as well as abroad, opening offices in London (1959), Tokyo (1962) and later Beijing (1980). In 1969 the bank was reorganized as the primary subsidiary of
2923-679: The National Currency Act, was passed in the Senate by a 23–21 vote, and was supplemented a year later by the National Banking Act of 1864. The goals of these acts was to create a single national currency, a nationalized bank chartering system, and to raise money for the Union war effort. The Act established national banks that could issue National Bank Notes which were backed by the United States Treasury and printed by
3002-846: The North American headquarters of the Theosophical Society Adyar , provides lectures and classes on theosophy , meditation , yoga , Eastern and New Age spirituality . Islamic mosques are located in Villa Park , Naperville (two mosques), Glendale Heights, Willowbrook, Westmont, Lombard, Bolingbrook, Addison, Woodale, West Chicago, and unincorporated Glen Ellyn. There are Hindu temples in Bartlett, Bensenville, Bloomingdale, Carol Stream, Itasca and Medinah, and an Arya Samaj center in West Chicago. There
3081-574: The Potawatomi had established 4 major villages along local rivers within the county, and had a network of trails crisscrossing the area. The first European-American settlers arrived in what is now DuPage County in 1832, and the Potawatomi population was forced out of the region only one year later after ceding their land in the Treaty of Chicago . DuPage County was officially formed on February 9, 1839, out of Cook County . The county took its name from
3160-446: The U.S. House of Representatives voted to impeach Donald Trump , Carol Stream -based Christianity Today published a controversial editorial calling for the removal of Trump from office, citing the need to hold him to the same standards to which they held Bill Clinton in the 1990s (who was the last Democratic nominee for president to get less than 40% of the DuPage County vote). In the U.S. House of Representatives , DuPage County
3239-536: The acquired banks into the First National Bank of Chicago until as late as 1993. To strengthen its credit card business, First Chicago acquired Delaware-based Beneficial National Bank USA in 1987 and renamed it FCC National Bank. First Chicago once again began to suffer from the quality of its loan portfolio in the early 1990s and sought out a merger with the National Bank of Detroit , which at
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3318-422: The act, state legislatures typically issued bank charters on a case-by-case basis, taking into consideration whether the area needed a new bank, and if the applicant was of good moral standing. As this system could be subject to corruption, states began passing "free banking" laws in 1837, which meant that any applicant who filled out the correct paperwork and deposited an in-kind payment to the state would be granted
3397-402: The age of 18 living with them, 60.90% were married couples living together, 7.90% had a female householder with no husband present and 28.00% were non-families. 22.90% of all households were made up of individuals, and 6.80% had someone living alone who was 65 years of age or older. The average household size was 2.73 and the average family size was 3.27. In the county, 26.70% of the population
3476-946: The area. Well-known churches include the Community Christian Church of Naperville, College Church of Wheaton, Wheaton Bible Church , and First Baptist Church of Wheaton . There is also a large Catholic population, the county being part of the Diocese of Joliet and the National Shrine of St Therese in Darien. There is also the Ukrainian Orthodox Church in Glendale Heights. The Theosophical Society in America in Wheaton,
3555-467: The banking system included hiring a new staff, being hands-on with several aspects such as "personally evaluating applications for bank charters and consoled prospective bankers", and "assisting in the design of the new national bank notes, and arranged for their engraving, printing, and distribution." As an result of McCulloch's efforts, many banks were just not willing to conform to his system of operations. This prompted Congress to pass "a 10 percent tax on
3634-527: The beginning of 1976, non-performing loans at First Chicago had reached twice the national average for commercial banks at roughly 11% of all loans. Efforts to fix the bank failed and the bank struggled through the end of the 1970s, suffering from highly speculative bets on interest rates. Expansion beyond a single retail banking location was hindered for years. Not only was Illinois one of the last states to allow branch banking, but for years it did not allow holding companies to own more than one bank. First Chicago
3713-477: The bills was about as good as the green ink printed on one side, hence the name "greenbacks." The Second Legal Tender Act , enacted July 11, 1862, a Joint Resolution of Congress, and the Third Legal Tender Act , enacted March 3, 1863, expanded the limit to $ 450 million. The largest amount of greenbacks outstanding at any one time was calculated as $ 447,300,203.10. The National Bank Act (ch. 58, 12 Stat. 665 ; February 25, 1863), originally known as
3792-431: The county's population, and over 70% of the total Hispanic population. The most common Asian ancestries in the county are Indian (59,305, or 6.4% of the total population), Filipino (20,141, 2.2%), Chinese (17,031, 1.8%), and Pakistani (11,046, 1.2%). The population of DuPage County has become more diverse. The population of foreign-born residents increased from about 71,300 in 1990 to 184,000 by 2022 estimates. Of
3871-423: The county's western and northern parts. Located in the Rust Belt , the area is one of few in the region whose economy quickly became dependent on the headquarters of several large corporations due to its close proximity to Chicago. As quarries closed in the 1990s, land that was formerly used for mining and plants was converted into mixed-use, master-planned developments to meet the growing tax base. The county has
3950-475: The creation of national banks, set out a plan for establishing a national currency backed by government securities held by other banks, and gave the federal government the ability to sell war bonds and securities (in order to help the war effort ). National banks were chartered by the federal government, and were subject to stricter regulation; they had higher capital requirements and were not allowed to loan more than 10% of their holdings. A high tax on state banks
4029-407: The depression, even acquiring Foreman State Banks in 1931 and was able to open its doors without regulatory delays following the National Bank Holiday of 1933 . In 1903, the First opened the First Trust and Savings Bank which provided savings accounts to individual customers. First Trust and Savings Bank merged with Union Trust Company in 1928 to become the First Union Trust and Savings Bank. During
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#17327807925344108-399: The election for County Clerk and Daniel Hebreard won the President of the Forest Preserve District of DuPage County. During that same period Democrats were sporadically elected to the county board and township government. In 1972, Don Carroll was elected to the County Board. In the Democratic wave of 1974, Jane Spirgel, Mary Eleanor Wall, and Elaine Libovicz were elected. All four were from
4187-456: The expense of state banking—the number of state banks dwindled from 1,466 in 1863 to 247 in 1868. Though state banks were no longer allowed to issue notes, local bankers took advantage of less strict capital requirements ($ 10,000 for state banks vs. $ 50,000–200,000 for national banks) and opened new branches en masse. These new state banks then served as competition for national banks, growing to 15,526 in number by 1913. The years leading up to
4266-446: The first time into the northwest suburbs of Chicago with the acquisition of the Arlington Heights -based First United Financial Services, a bank holding company with five banks, in 1987. The following year, First Chicago entered DuPage County by acquiring Gary-Wheaton Corp., another bank holding company. In 1989, First Chicago acquired the north Chicago-based Ravenswood Financial Corp. for $ 55.1 million. Ravenswood Financial's only bank
4345-458: The government itself. The quantity of notes that a bank was allowed to issue was proportional to the bank's level of capital deposited with the Comptroller of the Currency at the Treasury. To further control the currency, the Act taxed notes issued by state and local banks, essentially pushing non-federally issued paper currency out of circulation. Since the establishment of the Republic, state governments had held authority to regulate banks. Before
4424-399: The high expenses involved. Previously, the damage that would be done to state banks by national competition was sufficient to prevent significant national bank chartering. But using the war crisis, Lincoln was able to expand this effort. One of the first attempts to issue a national currency came in the early days of the Civil War when Congress approved the Legal Tender Act of 1862 , allowing
4503-410: The holding company for American National Bank and Trust Company of Chicago, another bank located in the Loop, from Walter E. Heller International Corporation for $ 275 million. During the 1980s, CEO Barry F. Sullivan , formerly with Chase Manhattan Bank , was able to turn around the bank in the early 1980s. Additionally First Chicago's private equity operations proved highly successful and served
4582-437: The incubator for a number of successful independent private equity groups. Stanley Golder , who built the group in the 1970s left the bank in 1980 to found GTCR . In the 1990s, the team, led by John Canning Jr. would spin out of First Chicago to form private equity firm Madison Dearborn . Midwestern private equity firm, Primus Capital was also founded by First Chicago private equity alumni. First Chicago began to expand for
4661-436: The issue of $ 150 million in national notes known as greenbacks and mandating that paper money be issued and accepted in lieu of gold and silver coins. The bills were backed only by the national government's promise to redeem them and their value was dependent on public confidence in the government as well as the ability of the government to give out specie in exchange for the bills in the future. Many thought this promise backing
4740-445: The national system, increasing the number of national banks substantially. The National Banking Acts served to create the (federal-state) dual structure that is now a defining characteristic of the U.S. banking system and economy. The Comptroller of the Currency continues to have significance in the U.S. economy and is responsible for administration and supervision of national banks as well as certain activities of bank subsidiaries (per
4819-413: The new First Chicago Corporation , a newly formed bank holding company. First Chicago was used as a brand name starting in 1969 and the bank moved into a new skyscraper in the Loop in Chicago (originally called First National Plaza, it is now known as Chase Tower ). The bank grew consistently through the early 1970s, however, the bank's growth undermined its underwriting standards. By the end of 1975 and
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#17327807925344898-414: The northeastern portion of DuPage, which at that time was the most Democratic region of the county. Eventually, Republicans regained all seats on the board when Jane Spirgel ran for Illinois Secretary of State with Adlai Stevenson III under the Solidarity Party banner. In 2000, Linda J. Bourke Hilbert was elected. Like her 1970s counterparts, she was from the northeastern portion of the county. During
4977-440: The notes of state banks, signaling its determination that national banks would triumph and the state banks would fade away." A later act, passed on March 3, 1865, imposed a tax of 10 percent on the notes of state banks to take effect on July 1, 1866. Similar to previous taxes, this effectively forced all non-federal currency from circulation. It also resulted in the creation of demand deposit accounts , and encouraged banks to join
5056-432: The passing of the 10% tax on banknotes consisted of events surrounding the National Banking Act of 1864. During this time period, Hugh McCulloch was determined to "fight against the national banking legislation, which he rightly perceived as a threat to state-chartered banking. Although he tried to block the system's creation, he [McCulloch] was not determined to be its champion." Part of his plans to revamp this portion of
5135-432: The poor integration of the U.S. banking system, led to increasing public support for a uniform national banking regime. The United States Government, on the other hand, still had limited taxation capabilities and so had an interest in the seigniorage potential of a national bank. In 1846, the Polk Administration created a United States Treasury system that moved public funds from private banks to Treasury branches to fund
5214-411: The time was the 18th largest bank in the US (First Chicago was the 10th largest bank). The $ 5 billion merger, completed in 1995, created First Chicago NBD Corporation , the 7th largest bank in the US with $ 72 billion of assets, and was also a leader in the issuance of credit cards. While NBD was the nominal survivor, the merged bank was headquartered in Chicago. In April 1998 First Chicago NBD announced
5293-473: The trader for whom it was named lived there before his time. Mr. Beaubien says it is pronounced Du Pazhe (having the sound of ah, and that the P should be capitalized). This was in reply to Mr. Blodgett's inquiry of him concerning the matter. The first white settler in DuPage County was Bailey Hobson who, with Lewis Stewart, built a house in 1831 for the Hobson family at a site about 2 miles (3.2 km) south of present-day downtown Naperville. Hobson later built
5372-523: The vote in 2020. DuPage County has not voted for a Republican candidate for president since 2004. Donald Trump was the first Republican nominee for president since 1912 to get less than 40% of the DuPage County vote, both in the 2016 and 2020 general elections. Many DuPage County communities which normally vote Republican, including but not limited to Naperville , Lisle , Wheaton , Glen Ellyn , Carol Stream , Downers Grove , and Elmhurst did not support Donald Trump in 2016. In December 2019, shortly after
5451-467: The world's second-highest-energy particle accelerator , is in Batavia , where it straddles the border between Kane and DuPage counties. Argonne National Laboratory , one of the United States government's oldest and largest science and engineering research laboratories, is in unincorporated, southeast DuPage County. Both laboratories conduct tours of their facilities. The 31-story Oakbrook Terrace Tower in Oakbrook Terrace , designed by Helmut Jahn ,
5530-401: The writer that J. B. Beaubien had often spoken to him of the old Frenchman, Du Page, whose station was on the bank of the river, down toward its mouth, and stated that the river took its name from him. The county name must have the same origin. Col Gurden S. Hubbard, who came into the country in 1818, informs the writer that the name DuPage, as applied to the river then, was universally known, but
5609-445: Was $ 88,588 according to 2022 data from the Bureau of Economic Analysis. This was the second highest of any county in Illinois, surpassed only by that of Lake County , located in north of Chicago. As of 2022, DuPage County has a poverty rate of 6.7%, much lower than the national and state average. 8% of children under 18 and 6% of seniors in the county are in poverty. There were 325,601 households, out of which 37.00% had children under
5688-502: Was The First National Bank of Davenport, Iowa (Charter #15). Additionally, the new Act converted more than 1,500 state banks to national banks. The National Bank Act of 1863 was passed on February 25, 1863, and was the first attempt to establish a federal banking system after the failures of the First and Second Banks of the United States, and served as the predecessor to the Federal Reserve Act of 1913. The act allowed
5767-499: Was elected Circuit Clerk and Arthur Hellyer was elected Treasurer. That year also saw the first ever Democratic majority county board and only such majority that century. Robinson and Hellyer each served one term; Robinson lost his bid for a full term in 1936 and Hellyer left the Treasurer's office to make a failed bid for probate judge in 1938. In 2018, as part of a larger suburban realignment, Democratic candidate Jean Kaczmarek won
5846-556: Was intentionally set so high as to effectively prohibit further circulation of state bank and private notes. By this time the conversion from state banks to national banks was well underway. The constitutionality of the tax came before the Supreme Court in Veazie Bank v. Fenno , a case by a state-chartered Maine bank and the collector of internal revenue. The Court ruled 7–2 in favor of the government. State banks declined until
5925-484: Was levied to discourage competition, and by 1865 most state banks had either received national charters or collapsed. The 1864 act, based on a New York State law, brought the federal government into active supervision of commercial banks. Further acts passed in 1865 and 1866 imposed a tax to speed the adoption of the system. All banks (national or otherwise) had to pay a 10 percent tax on payments that they made in currency notes other than national bank notes. The tax rate
6004-408: Was not able to open its first branch bank until 1977, when banks were allowed to open two limited banking facilities within 1,500 feet of the main office. Unlike its rivals, First Chicago waited two years before making its first bank purchase after the Illinois legislature began to allow holding companies to own more than one bank in 1981. In 1984, First Chicago purchased American National Corporation,
6083-468: Was renamed First Chicago Bank of Ravenswood. First Chicago also acquired the Winnetka -based Winnetka Bank for $ 21.6 million in stock. In 1993, First Chicago acquired Lake Shore Bancorp, another Chicago-based bank holding company, $ 323 million. Most of the acquired banks were named First Chicago Bank of followed by the name of the geographical location. Illinois law did not permit the merger of most of
6162-722: Was the first Democratic presidential nominee to win the county since Franklin Pierce in 1852 . The only time prior to 2008 that a Republican had failed to win the county was in 1912, when the GOP was mortally divided and former president and Progressive Party nominee Theodore Roosevelt won over half the county's vote. DuPage County has historically been a fiscally and socially conservative Republican stronghold, though in recent years has become more politically liberal especially on issues of race and immigration. DuPage County has been shifting more Democratic, with Joe Biden winning nearly 58% of
6241-480: Was under the age of 18, 8.20% was from 18 to 24, 32.40% from 25 to 44, 22.80% from 45 to 64 and 9.80% was 65 years of age or older. The median age was 35 years. For every 100 females, there were 97.20 males. For every 100 females, age 18 and over, there were 94.20 males. The median income for a household in the county was $ 98,441 and the median income for a family was $ 113,086. Males had a median income of $ 60,909 versus $ 41,346 for females. The mean or average income for
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