Foreign Language Press Survey

Bank of Olsevskis Is to Become a State Bank

Lietuva, Oct. 20, 1916

The bank of Anthony Olsevskis (Olszewski), the oldest and largest Lithuanian bank in Chicago, is more successful and prosperous than the bank of his neighbor [John Tananevicius]. Olsevskis' bank will soon become a state bank. According to reliable information, all the necessary preparations have been completed; the requisite pacers have been sent to Springfield, Illinois, where permits for state banks are issued.

When the present bank of Olsevskis becomes a state bank, it will be known as the State Reserve Bank of Illinois.

[Translator's note: The bank of Olsevskis was located in the Lietuva Building, where the newspaper Lietuva (Lithuania) was published, at 3252 South Halsted Street.]

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