Nduoms rescuing South Side bank: ‘This is full circle’

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Illinois Service Federal Savings & Loan is among fewer than 25 black-owned banks nationwide and just one of two left in Chicago. It had needed some $10 million in new capital to stay afloat, and was rescued by a big investment from Groupe Nduom. | Photo provided

Illinois Service Federal Savings & Loan is among fewer than 25 black-owned banks nationwide and just one of two left in Chicago. It had needed some $10 million in new capital to stay afloat, and was rescued by a big investment from Groupe Nduom. | Photo provided