Jump to ContentJump to Main Navigation
The Merchant Prince of Black ChicagoAnthony Overton and the Building of a Financial Empire$
Users without a subscription are not able to see the full content.

Robert E. Weems

Print publication date: 2020

Print ISBN-13: 9780252043062

Published to Illinois Scholarship Online: September 2020

DOI: 10.5622/illinois/9780252043062.001.0001

Show Summary Details
Page of

PRINTED FROM ILLINOIS SCHOLARSHIP ONLINE (www.illinois.universitypressscholarship.com). (c) Copyright Illinois University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in ISO for personal use.date: 28 July 2021

Business Titan

Business Titan

The Douglass National Bank and the Victory Life Insurance Company

Chapter:
(p.79) 4. Business Titan
Source:
The Merchant Prince of Black Chicago
Author(s):

Robert E. Weems Jr.

Publisher:
University of Illinois Press
DOI:10.5622/illinois/9780252043062.003.0005

This chapter examines how Anthony Overton dramatically diversified his financial interests during the 1920s. In 1922, Anthony Overton assumed the presidency of Chicago’s Douglass National Bank (the second black-owned bank to receive a national charter). Two years later, Overton started the Chicago-based Victory Life Insurance Company. In 1927, Victory Life became the only black-owned insurance company granted the right to conduct business in New York State. Following this business coup, Overton, in some circles, became regarded as “the merchant prince of his race.” To further enhance his growing status as a business magnate during the 1920s, Overton built two major commercial structures in the heart of black Chicago’s commercial district (the Overton Building and the Chicago Bee Building).

Keywords:   Anthony Overton, Douglass National Bank, Victory Life Insurance Company, Overton Building, Chicago Bee Building

Illinois Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.