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1 HOUSE RESOLUTION
2 WHEREAS, The members of the Illinois House of
3 Representatives are saddened to learn of the death of James
4 Fletcher, Chairman and former Chief Executive Officer of
5 South Shore Bank in Chicago, Illinois; and
6 WHEREAS, James Fletcher was born in Chicago, Illinois, on
7 January 21, 1935; in 1958 he graduated from Northern Illinois
8 University; he served 3 years in the Marine Corps, and then
9 returned to Chicago and taught in the public schools for 3
10 years; and
11 WHEREAS, Mr. Fletcher joined the Chicago Committee on
12 Urban Opportunity in 1963 as an urban planner for the City of
13 Chicago's anti-poverty program; he went on to hold several
14 other government jobs before taking a position with Hyde Park
15 Bank and Trust in 1969 to work in the bank's urban
16 redevelopment lending division; and
17 WHEREAS, The South Shore Bank was struggling to survive
18 in its changing racial environment; several executives from
19 the Hyde Park Bank made the decision to buy South Shore Bank
20 and devote it to community development; the new owners put
21 mortgage money back into the community, raised interest rates
22 on saving accounts, and included the community as advisers in
23 major bank decisions; by 1975 the bank began returning to a
24 profitable entity; and
25 WHEREAS, In 1978 Mr. Fletcher left Hyde Park and moved to
26 South Shore Bank; in 1983 he was named president of South
27 Shore Bank, and in 1996 he was named chairman of the bank;
28 and
29 WHEREAS, The bank feels the responsibility to its
30 community; Milton Davis, of South Shore Bank, remembers the
31 commitment of Mr. Fletcher through one of his quotes: "We are
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1 a development bank and we have an obligation to see how we
2 can make this loan and feel very good about it. We cannot
3 just say no." The South Shore Bank has been and continues to
4 be a major part of the revitalization of the South Shore
5 community; and
6 WHEREAS, James Fletcher also served as president of the
7 Sno-gopher's Ski Club for many years; he is survived by his
8 wife, Norma; his daughters, Cheryl Mulholland, Maria
9 Barksdale, and Kathleen Lisciotto; his son, James; his
10 mother, Mildred Fletcher Holtz; and his two sisters, Kathleen
11 Hall and Sharon Schulz; therefore, be it
12 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
13 NINETIETH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we
14 mourn, along with his family, friends, and colleagues, the
15 death of James Fletcher of Chicago, Illinois; may they find
16 peace and comfort in this time of need; and be it further
17 RESOLVED, That a suitable copy of this resolution be
18 presented to the family of James Fletcher.