By Steve Daniels, chicagobusiness.com
Billionaire Democratic gubernatorial hopeful J.B. Pritzker is making a $1 million deposit in Chicago’s last remaining black-owned bank.
Illinois Service Federal Savings is the beneficiary. Pritzker alluded to the investment earlier this week in an interview on WVON radio without naming the bank, but his campaign confirmed the recipient.
The Pritzker campaign said the deposit is part of Pritzker’s commitment to improve economic conditions in hard hit communities and neighborhoods.
“JB has made expanding access to capital for small business and entrepreneurs, and making investments in the communities hardest hit by Bruce Rauner’s failed leadership and manufactured budget crisis a top priority for him as governor,” a spokesman said in an email.