In a goaf-oriented society, Ronald Grzywinski's goal is unique: to make Chicago's South Shore National Bank the nation's first successful neighborhood development bank.
This is the only bank in an area which, until 15 years ago, was one of Chicago's most desirable lakefront communities. Today, property fronting on Lake Michigan should still be prime real estate, but it hasn't been since the neighbor-hood began to "turn" in the mid '60s. The area is now more than 80
The former management of the bank "equated racial change with economic deterioration," notes chairman of the board Grzywinski, a white-shirted conservative dresser but a progressive thinker who has a need to be involved in work that he considers socially redeeming. A doer, not a sitter, he gestures and
shifts around restlessly in his chair as he talks about the community and his objectives for the bank which he bought three years ago with the help of churches, foundations, and businesses.
"We bought the bank primarily to demonstrate that development and profitable operation are not irreconcilable," he explains. "When we came here, we literally stood on street corners and said, 'The neighborhood is getting better; it's