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60-640: The company was founded in 1978 by the Fasseas family as Metropolitan Bank Group after the purchase of North Community Bank. The family grew the bank from a single location to more than 90 branches in the Chicago metropolitan area before suffering in the 2007–2008 financial crisis . In 2009, it accepted $ 71.5 million from the Troubled Asset Relief Program . In 2013, BXM Holdings LLC, led by Roberto Herencia, purchased and recapitalized

120-564: A 200-mile (320 km) radius in every direction and reported on many different places in the area. The Tribune was the dominant newspaper in a vast area stretching to the west of the city, and that hinterland was closely tied to the metropolis by rail lines and commercial links. Today, the Chicago Tribune' s usage includes the city of Chicago, the rest of Cook County , eight nearby Illinois counties (Lake, McHenry , DuPage , Kane , Kendall , Grundy , Will , and Kankakee ), and

180-533: A 2020 census population of 9,618,502 and the combined statistical area, which spans 19 counties and additionally extends into southeast Wisconsin , had a population of nearly 10 million people. The Chicago area is the third-largest metropolitan area in the United States and the fourth-largest metropolitan area in North America (after Mexico City, New York City, and Los Angeles), and the largest in

240-479: A large number of White , Black , Latino , Asian , and Arab American residents, and also has Native American residents in the region, making the Chicago metropolitan area population truly diverse. The Chicago metropolitan area represents about 3 percent of the entire US population. Chicagoland has one of the world's largest and most diversified economies. With more than six million full and part-time employees,

300-724: A population of over 8 million, which includes the following locations in Illinois: The city of Chicago lies in the Chicago Plain, a flat and broad area characterized by little topographical relief. The few low hills are sand ridges. North of the Chicago Plain, steep bluffs and ravines run alongside Lake Michigan. Along the southern shore of the Chicago Plain, sand dunes run alongside the lake. The tallest dunes reach up to near 200 feet (61 m) and are found in Indiana Dunes National Park . Surrounding

360-531: A research output of more than 1000 research papers over 5 years, and no more than 80% of activity in a single subject area ( Times Higher Education World University Rankings ) . The QS World University Ranking for 2021 included 1002 research universities. The region with the highest number was Europe , with 39.8%, followed by Asia /Pacific with 26.7%, the US and Canada with 15.6%, Latin America with 10.8% and

420-532: A similar distribution, with 185 of their 500 ranked institutions in 2020 coming from Europe, 161 from the Americas, 149 from Asia/Oceania and five from Africa. All regions except Africa are represented in the top 100, although the Americas are represented solely by universities from the United States and Canada. In 2024, the US has the most universities in the top 500 from a single country, 114, followed by China with 103,

480-508: A tremendous rate since the early 1960s. Aurora, Elgin, Joliet, and Naperville are noteworthy for being four of the few boomburbs outside the Sun Belt , West Coast and Mountain States regions, and exurban Kendall County ranked as the fastest-growing county (among counties with a population greater than 10,000) in the United States between the years 2000 and 2007. Settlement patterns in

540-474: Is further subdivided into four metropolitan divisions. A breakdown of the county constituents and 2021 estimated populations of the four metropolitan divisions of the MSA are as follows: Chicago–Naperville–Elgin, IL–IN–WI Metropolitan Statistical Area (9,509,934) The OMB also defines a slightly larger region as a Combined Statistical Area (CSA). The Chicago–Naperville, IL–IN–WI Combined Statistical Area combines

600-964: Is home to the largest futures exchange in the world, the Chicago Mercantile Exchange . In March 2008, the Chicago Mercantile Exchange announced its acquisition of NYMEX Holdings Inc, the parent company of the New York Mercantile Exchange and Commodity Exchange. CME'S acquisition of NYMEX was completed in August 2008. A key piece of infrastructure for several generations was the Union Stock Yards of Chicago, which from 1865 until 1971 penned and slaughtered millions of cattle and hogs into standardized cuts of beef and pork . This prompted poet Carl Sandburg to describe Chicago as

660-553: Is part of the Great Lakes Megalopolis , containing an estimated 54 million people. The term " collar counties " is a colloquialism for the five counties (DuPage, Kane, Lake, McHenry , and Will) of Illinois that border Chicago's Cook County. After Cook County, they are also the next five most populous counties in the state. According to the Encyclopedia of Chicago , there is no specifically known origin of

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720-487: Is part of the Chicago metropolitan area. The interurban South Shore Line runs between Downtown Chicago and the northwest Indiana portion of the metropolitan area. In addition, Amtrak operates Union Station in Downtown Chicago as one of its largest rail hubs, with numerous lines radiating to and from the station. CTA bus routes serve the city proper, with some service into the suburbs. Pace bus routes serve

780-576: Is the West Side , which has a somewhat lower median income, but the western suburbs contain many affluent and upper-middle class areas. According to the 2000 Census, DuPage County as a whole had the highest median household income of any county in the Midwestern United States , although there are individual cities and towns in other surrounding counties in the metro that have even higher median incomes. According to 2022 estimates from

840-516: Is the largest metropolitan statistical area in the U.S. state of Illinois , and the Midwest , containing the City of Chicago along with its surrounding suburbs and satellite cities. Encompassing 10,286 square mi (28,120 km ), the metropolitan area includes the city of Chicago, its suburbs and hinterland , that span 13 counties across northeast Illinois and northwest Indiana . The MSA had

900-647: Is the nation's oldest continuously operating junior college today. Later U of C president Robert Maynard Hutchins was central to the Great Books movement, and programs of dialogic education arising from that legacy can be found today at the U of C, at Shimer College , and in the City Colleges of Chicago and Oakton College in the Northwest suburbs. From 1947 until 1988, the Illinois portion of

960-641: The Chicago Tribune and the Chicago Sun-Times . Local television channels broadcasting to the Chicago market include WBBM-TV 2 (CBS), WMAQ-TV 5 (NBC), WLS-TV 7 (ABC), WGN-TV 9 (Ind), WTTW 11 (PBS), MeTV 23, WCIU 26 (CW), WFLD 32 (FOX), WCPX-TV 38 ( Ion ), WSNS-TV 44 (Telemundo), WPWR-TV 50 (MyNetworkTV), and WJYS-TV 62 (The Way). Radio stations serving the area include: WBBM (AM) , WBEZ , WGN (AM) , WMBI , WLS (AM) , and WSCR . Elementary and secondary education within

1020-628: The Chicago Automobile Trade Association 's "Chicagoland and Northwest Indiana" advertising campaign are directed at the MSA itself, as well as LaSalle, Winnebago ( Rockford ), Boone , and Ogle counties in Illinois, in addition to Jasper , Newton , and La Porte counties in Indiana and Kenosha , Racine , and Walworth counties in Wisconsin, and even as far northeast as Berrien County, Michigan . The region

1080-595: The Great Lakes megalopolis . Its urban area is one of the 40 largest in the world . According to the 2020 Census , the metropolitan's population is approaching the 10 million mark. The metropolitan area has seen a substantial increase of Latin American residents on top of its already large Latino population, and the Asian American population also increased according to the 2020 Census. The metro area has

1140-635: The Illinois Institute of Technology (IIT). The University of Chicago and Northwestern University are consistently ranked as two of the best universities in the world. There are many transportation options around the region. Chicagoland has three separate rail networks; the Chicago Transit Authority (CTA), Metra , and the South Shore Line . The CTA operates elevated and subway lines that run primarily throughout

1200-583: The Middle East and Africa with 7%. All regions except the Middle East and Africa were represented in the top 100. The largest number of new entrants to the rankings were from East Asia and Eastern Europe , followed by Southern Europe . By individual country, the US has the most institutions with 151, followed by the UK with 84, China with 51, and Germany with 45. The top 200 shows a similar pattern with

1260-472: The University of California , have served as models for research universities around the world. Having one or more universities based on the American model (including the use of English as a lingua franca ) is a badge of "social progress and modernity " for the contemporary nation-state . The Americans' continued dominance into the early 21st century has forced their European counterparts to confront

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1320-575: The "Hog Butcher for the World". The Chicago area, meanwhile, began to produce significant quantities of telecommunications gear, electronics, steel, crude oil derivatives, automobiles, and industrial capital goods. By the early 2000s, Illinois' economy had moved toward a dependence on high-value-added services, such as financial trading, higher education , logistics , and health care. In some cases, these services clustered around institutions that hearkened back to Illinois's earlier economies. For example,

1380-478: The American military–industrial complex and developing artificial intelligence , and Berkeley and Stanford played a central role in the development of Silicon Valley . The "most prestigious group of research universities" in the United States is the Association of American Universities . Since the 1960s, American research universities, especially the leading American public research university system ,

1440-518: The American context, as having values of intellectual freedom, initiative and creativity, excellence, and openness, with such additional characteristics as: Global university rankings use metrics that primarily measure research to rank universities. Some also have criteria for inclusion based on the concept of a research university such as teaching at both undergraduate and postgraduate level and conducting work in multiple faculties ( QS World University Rankings ), or teaching undergraduates, having

1500-495: The Chicago Combined Statistical Area at the time. Within the boundary of the 16-county Chicago Combined Statistical Area lies the Chicago urban area , as well as 26 smaller urban areas. Some of the urban areas below may partially cross into other statistical areas. Only those situated primarily within the Chicago combined statistical area are listed here. The Chicago metropolitan area is home to

1560-588: The Chicago Mercantile Exchange, a trading exchange for global derivatives , had begun its life as an agricultural futures market . In 2007, the area ranked first among U.S. metro areas in the number of new and expanded corporate facilities. It ranked third in 2008, behind the Houston–Sugar Land–Baytown and Dallas–Fort Worth metropolitan areas , and ranked second behind the New York metropolitan area in 2009. The Wall Street Journal summarized

1620-583: The Chicago Public Schools compared to those in some neighboring suburban schools. Historically, the Chicago metropolitan area has been at the center of a number of national educational movements, from the free-flowing Winnetka Plan to the regimented Taylorism of the Gary Plan . In higher education, University of Chicago founder William Rainey Harper was a leading early advocate of the junior college movement; Joliet Junior College

1680-631: The Chicago area's economy in November 2006 with the comment that "Chicago has survived by repeatedly reinventing itself." Chicago has been at the center of the United States' railroad network since the 19th century. Almost all Class I railroads serve the area, the most in North America. In addition to the Chicago Loop , the metro area is home to a few important subregional corridors of commercial activities. Among them are: Listing of

1740-493: The Chicago metro area was served by a single area code , 312, which abutted the 815 area code. In 1988 the 708 area code was introduced and the 312 area code became exclusive to the city of Chicago. Research universities A research university or a research-intensive university is a university that is committed to research as a central part of its mission. They are "the key sites of knowledge production ", along with "intergenerational knowledge transfer and

1800-537: The Chicago metropolitan area is a key factor of the Illinois economy, as the state has an annual GDP of over $ 1 trillion. The Chicago metropolitan area generated an annual gross regional product (GRP) of approximately $ 700 billion in 2018. The region is home to more than 400 major corporate headquarters, including 31 in the Fortune 500 such as McDonald's, United, and Blue Cross Blue Shield. With many companies moving to Chicagoland, and many current companies expanding,

1860-541: The Chicago metropolitan area is provided by dozens of different school districts, of which by far the largest is the Chicago Public Schools with 400,000 students. Numerous private and religious school systems are also found in the region, as well as a growing number of charter schools . Racial inequalities in education in the region remain widespread, often breaking along district boundaries; for instance, educational prospects vary widely for students in

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1920-400: The Chicago metropolitan area tend to follow those in the city proper: the northern and northwestern suburbs are generally affluent and upper-middle class , while the southern suburbs (sometimes known as Chicago Southland ) have somewhat lower median incomes and a cost of living, with the exception being the southwest suburbs which contain many upper-middle class areas. Another exception to this

1980-463: The U.S. Census, poverty rates of the largest counties from least poverty to most are as follows: McHenry 4.0%, Dupage 6.7%, Will 6.9%, Kane 7.8%, Lake 8.0%, and Cook 13.6%. However, Cook County, which contains luxury high rises and expensive houses in sections of the city and expensive houses along the waterfront in the North Shore area, would also have the highest percentage of expensive homes in

2040-690: The UK with 35 and Germany with 35. The top 200 shows the similar pattern: the US with 59 followed by China with 37 and the UK with 20. The 2024 Times Higher Education only gives a breakdown by country and only for its top 200; this again has the U.S. at the top with 56, followed by the UK with 25, Germany with 21, and China with 13. The top 200 features one university from Africa, the University of Cape Town in South Africa , but none from Latin America . The U.S. News & World Report Best Global Universities Ranking 2021 gives numbers by country for

2100-526: The US having 45 universities, the UK 26 and Germany 12. By comparison, the Carnegie Classification of Institutions of Higher Education (2015) identifies 115 US universities as "Doctoral Universities: Highest Research Activity" and a further 107 as "Doctoral Universities: Higher Research Activity", while Altbach estimated that there were around 220 research universities in the US in 2013. The Academic Ranking of World Universities shows

2160-438: The United States and Japan also have well-known private research institutions. Institutions of higher education that are not research universities or do not aspire to that designation, such as liberal arts colleges , instead place more emphasis on student instruction or other aspects of tertiary education, whereas research university faculty members, in contrast, are under more pressure to publish or perish . The concept of

2220-423: The area ranked as the nation's top metropolitan area for corporation relocations and expansions for nine consecutive years, the most consecutive years for any region in the country. The Chicago area is home to a number of the nation's leading research universities including the University of Chicago , Northwestern University , the University of Illinois at Chicago , DePaul University , Loyola University , and

2280-401: The bank with a $ 207 million investment. A year before acquiring Ridgestone Bank, the company was renamed Byline Bancorp Inc. in 2015 and consolidated all its subsidiaries under the name Byline Bank. In June 2017, the company became a public company via an initial public offering . In May 2018, the company acquired First Evanston Bancorp for $ 178.6 million in cash and stock. In April 2019,

2340-606: The certification of new knowledge" through the awarding of doctoral degrees , and continue to be "the very center of scientific productivity". They can be public or private , and often have well-known brand names. Undergraduate courses at many research universities are often academic rather than vocational and may not prepare students for particular careers, but many employers value degrees from research universities because they teach fundamental life skills such as critical thinking . Globally, research universities are overwhelmingly public institutions , while some countries like

2400-486: The city, Downtown Chicago , and into some suburbs. The CTA operates some of its rail lines 24 hours a day, every day of the year, nonstop service, making Chicago, New York City, and Copenhagen the only three cities in the world to offer some 24 hour rail service running nonstop, everyday throughout their city limits. The Metra commuter rail network runs numerous lines between Downtown Chicago and suburban/satellite cities, with one line stretching to Kenosha, Wisconsin , which

2460-577: The company acquired Oak Park River Forest Bank shares for $ 40.0 million in cash and stock. In December 2022, Byline entered merger agreement and acquired Inland Bank valued at approximately $ 165 million in cash and stock - the merger was completed in July 2023. Chicago metropolitan area Chicago–Naperville–Elgin, IL–IN MSA Other Statistical Areas in the Chicago CSA The Chicago metropolitan area , also referred to as Chicagoland ,

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2520-404: The contours of a contiguous territory inhabited at urban density levels. It usually incorporates the population in a city, plus that in the contiguous urban, or built-up area. Chicagoland is an informal name for the Chicago metropolitan area. The term Chicagoland has no official definition, and the region is often considered to include areas beyond the corresponding MSA, as well as portions of

2580-402: The corporate headquarters of 57 Fortune 1000 companies, including AbbVie Inc. , Allstate , Kraft Heinz , McDonald's , Mondelez International , Motorola , United Airlines , Walgreens , and more . The Chicago area also headquarters a wide variety of global financial institutions including Citadel LLC , Discover Financial Services , Morningstar, Inc. , CNA Financial , and more. Chicago

2640-617: The establishment of American hegemony by the end of the 20th century. Most importantly, Berkeley, Chicago, Columbia, and Princeton (along with Birmingham and Cambridge in the UK) directly participated in the creation of the first nuclear weapons (the Manhattan Project ). Besides that, Columbia and Harvard were instrumental in the early development of the American film industry (Hollywood), MIT and Stanford were leaders in building

2700-510: The following core-based statistical areas , listed with their 2021 estimated populations. The combined statistical area as a whole had a population of 9,806,184 as of 2022. The Chicago urban agglomeration , according to the United Nations World Urbanization Prospects report (2023 revision), lists a population of 8,937,000. The term "urban agglomeration" refers to the population contained within

2760-581: The greater CSA. Colonel Robert R. McCormick , editor and publisher of the Chicago Tribune , usually gets credit for placing the term in common use. McCormick's conception of Chicagoland stretched all the way to nearby parts of four states (Indiana, Wisconsin , Michigan , and Iowa ). The first usage was in the Tribune' s July 27, 1926, front page headline, "Chicagoland's Shrines: A Tour of Discoveries", for an article by reporter James O'Donnell Bennett . He stated that Chicagoland comprised everything in

2820-436: The land is covered by the tree and shrub canopy, made up of about 157,142,000 trees. The five most common tree species are buckthorn , green ash , boxelder , black cherry , and American elm . These resources perform important functions in carbon storage, water recycling, and energy saving. As of 2022, the metropolitan area had a population of 9,442,159. The population density was 1,312.3 per square mile. The racial makeup

2880-589: The late 19th century, when these fifteen institutions began to graft graduate programs derived from the German model onto undergraduate programs derived from the British model. At Johns Hopkins, president Daniel Coit Gilman led the development of the American research university by setting high standards for recruiting faculty and admitting students, and insisting that faculty members had to commit to both teaching and research. Research universities were essential to

2940-475: The low plain are bands of moraines in the south and west suburbs. These areas are higher and hillier than the Chicago Plain. A continental divide , separating the Mississippi River watershed from that of the Great Lakes and Saint Lawrence River , runs through the Chicago area. A 2012 survey of the urban trees and forests in the seven county Illinois section of the Chicago area found that 21% of

3000-539: The number of their residents employed within Cook County, they met Census criteria to be added to the MSA. The Chicago MSA, now defined by the U.S. Office of Management and Budget (OMB) as the Chicago–Naperville–Elgin, IL–IN–WI Metropolitan Statistical Area , is the third-largest MSA by population in the United States. The 2022 census estimate for the population of the MSA was 9,441,957. The Chicago MSA

3060-466: The phrase, but it has been commonly used among policy makers, urban planners, and in the media. However, it also notes that as growth has spread beyond these counties, it may have lost some of its usefulness. Chicago Metropolitan Agency for Planning (CMAP) is an Illinois state agency responsible for transportation infrastructure, land use, and long-term economic development planning for the areas under its jurisdiction within Illinois. The planning area has

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3120-563: The professional sports teams in the Chicago metropolitan area Major league professional teams: Other professional teams: The Chicagoland Speedway oval track has hosted NASCAR Cup Series and IndyCar Series races. The Chicago Marathon is one of the World Marathon Majors . The Western Open and BMW Championship are PGA Tour tournaments that have been held primarily at golf courses near Chicago. NCAA Division I College Sports Teams: The two main newspapers are

3180-445: The region. In an in-depth historical analysis, Keating (2004, 2005) examined the origins of 233 settlements that by 1900 had become suburbs or city neighborhoods of the Chicago metropolitan area. The settlements began as farm centers (41%), industrial towns (30%), residential railroad suburbs (15%), and recreational/institutional centers (13%). Although relations between the different settlement types were at times contentious, there also

3240-481: The research university first arose in early 19th-century Prussia in Germany, where Wilhelm von Humboldt championed his vision of Einheit von Lehre und Forschung (the unity of teaching and research), as a means of producing an education that focused on the main areas of knowledge, including the natural sciences, social sciences, and humanities , rather than on the previous goals of the university education, which

3300-613: The suburbs, with some service into the city. In addition, numerous CTA bus routes operate 24 hours a day, nonstop. The Chicago metropolitan statistical area (MSA) was originally designated by the United States Census Bureau in 1950. It comprised the Illinois counties of Cook, DuPage, Kane, Lake and Will, along with Lake County in Indiana . As surrounding counties saw an increase in their population densities and

3360-477: The two Indiana counties of Lake and Porter . Illinois Department of Tourism literature uses Chicagoland for suburbs in Cook, Lake, DuPage, Kane, and Will counties, treating the city separately. The Chicagoland Chamber of Commerce defines it as all of Cook, DuPage, Kane, Lake, McHenry, and Will counties. In addition, company marketing programs such as Construction Data Company's "Chicago and Vicinity" region and

3420-540: The urgent need for reform to avoid "declining into an advanced form of feeder colleges for the best American universities." John Taylor, Professor of Higher Education Management at the University of Liverpool , defines the key characteristics of successful research universities as: Philip Altbach defines a different, although similar, set of key characteristics for what research universities need to become successful: A 2012 National Academies of Sciences, Engineering, and Medicine report defined research universities, in

3480-734: Was 50.1% Non-Hispanic White, 23.4% were Hispanic, 15.5% were Non-Hispanic African Americans, 7.2% were Asian, 0.1% were Non-Hispanic Native American, 0.4% identified as “some other race,” and 3.2% were non-Hispanic multiracial. According to 2022 estimates from the American Community Survey , the largest ancestries in the Chicago metro area were Mexican (18%), African (17.7%), German (12.8%), Irish (9.9%), Polish (8%), Italian (5.9%), English (5.2%), Indian (2.7%), Puerto Rican (2.3%), Filipino (1.7%), Swedish (1.5%), and Chinese (1.4%). The suburbs, surrounded by easily annexed flat ground, have been expanding at

3540-409: Was cooperation in such undertakings as the construction of high schools. As the Chicago metropolitan area has grown, more counties have been partly or totally assimilated with the taking of each decennial census. Counties highlighted in gray were not included in the MSA for that census. The CSA totals in blue are the totals of all the counties listed above, regardless of whether they were included in

3600-746: Was to develop an understanding of truth, beauty, and goodness . Roger L. Geiger , "the leading historian of the American research university," has argued that "the model for the American research university was established by five of the nine colonial colleges chartered before the American Revolution ( Harvard , Yale , Pennsylvania , Princeton , and Columbia ); five state universities ( Michigan , Wisconsin , Minnesota , Illinois , and California ); and five private institutions conceived from their inception as research universities ( MIT , Cornell , Johns Hopkins , Stanford , and Chicago )." The American research university first emerged in

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