There was a competitive spirit in the air on May 25th, 2017, as 75 students from charter high schools across Chicago took part in a Shark Tank-style competition to see whose entrepreneurial idea would win over judges. The highly successful event was sponsored by Burling Bank and The University of Chicago’s Moneythink chapter to promote financial literacy and entrepreneurship for low-income students, preparing them for a bright financial future.

Students prepared for 3 months developing ideas and plans for business, making presentations, constructing budgets and gaining insight from The University of Chicago Moneythink students. Divided into 15 teams, teens competed to see which judges would “invest” in their ideas.

The winning team from Rauner College Prep took home first place with their concept of iGreen, a community-based recycling initiative. Students would pick up waste from businesses for free and then sell the organic compost created from the waste product at a low cost. According to the winning team, “iGreen encourages people to spend time outdoors and gardening.” Their green thumbs paid off: each winner on the team received a brand new Google chromebook for their efforts. This is the third consecutive year the event has been held.

The winning team from Rauner College Prep took home the grand prize.

“It means a lot,” Said Kerrington Woods, junior at Urban Prep high school. “I’m here and able to experience new things that a lot of people at my school and my community can’t.” Kerrington also acknowledged that students would work on their projects beyond classtime to better themselves and their work, showcasing the entrepreneurial spirit of the bustling teens. Students got screentime too, as the story was recently featured on WGN. See the story below:

As a community partner, Burling Bank is pleased to help educate students from low-opportunity neighborhoods on financial literacy and entrepreneurship through Burling’s sponsorship of The University of Chicago Moneythink chapter, a nationwide nonprofit dedicated to financial education.

“These past two years of partnership have allowed our chapter to pursue opportunities for expansion, collaboration, growth, and programming that we would have never realized without Burling.” Said Dalton Schmit, President of Moneythink. “In many ways, this event was a culmination of the successes our partnership has produced for Moneythink.”

To get involved and learn more about Moneythink’s capabilities, visit their site.

Burling Bank continues its support of the Chicago startup community as a founding corporate sponsor of Currency, a Center of Excellence for financial firms, startups, government, regulators and universities. Currency will launch June 1^st, 2017 in the WeWork space on 20 W. Kinzie St.

This fintech Center of Excellence is dedicated to collaboration, research and sharing of best practices and will partner with major corporations and companies to elevate Chicago as a global fintech power. Chicago is currently ranked 5^th in the world behind New York, Silicon Valley, London and Singapore, according to Deloitte. From curated mentorships and accelerator programs to events, workshops and networking opportunities, Currency aims to become a center of deep insight and community within the fintech industry.

Michael Busch, President of Burling Bank, agrees that this partnership is highly beneficial to both Burling and the community at large. “Currency will spark a culture of collaboration in Chicago’s financial services sector and help us all compete more effectively as we share knowledge and insights for the greater good of Chicago’s growing fintech community.”

Burling Bank isn’t alone in partnering with Currency. Governor Bruce Rauner said the State of Illinois will also be joining with Currency to lead in the field of fintech. “Our state has a long history of innovation,” states Governor Rauner. “Illinois is sending a global signal that we are supportive of innovative technology and open for business.” In addition to government and public partners, Currency will also partner with DePaul University, the University of Chicago and Northwestern University to advance fintech knowledge in academia.

Burling Bank is proud to sponsor an ascending partner in the fintech field and the Chicago business community. For more information about Currency, visit http://www.currencychicago.org/ or email info@CurrencyChicago.org.

At Burling Bank, we provide our community, friends and family the opportunity to bank on a better relationship. Our efforts haven’t gone unnoticed: As of January 2017, Burling Bank is a proud recipient of the BauerFinancial 5-Star rating! This prestigious award recognizes us as one of the strongest financial institutions in the United States for superior security, strength and reliability. We are grateful to our clients, staff, and board of directors for this shared success and welcome distinction.

BauerFinancial, Inc. is the nation’s leading independent bank and credit union rating firm. To learn more about our 5-star banking experience, please visit our office in the landmark Chicago Board of Trade Building or contact a Burling Banker today.

Please note our Holiday Hours:

Friday, December 23rd
8:00 am – 1:00 pm

Monday, December 26th
Closed

Friday, December 30th
8:00 am – 2:00 pm

Monday, January 2nd
Closed

Meet Burling Bank’s own Eddie the Elf, named after architectural visionary Edward Burling. He’s finally come out to play and make mischief across our office this holiday season! Want to see where we’ll find him next? Like us on Facebook and Instagram to see where he’ll pop up!

(Image: Salt & Life Blog)

Burling Bank wishes you a festive Thanksgiving week. Please note our Thanksgiving holiday hours:

Wednesday, November 23, close at 2pm
Thursday, November 24, closed
Friday, November 25, close at 1pm

Located in the heart of Chicago’s financial district, Burling Bank is pleased to provide the very best in banking services, access, and convenience.  Our commitment to the Bank’s clients and the community is always paramount, and we are grateful for the opportunity to partner in your success.

Dear clients and friends,

On Wednesday, October 5^th, Burling Bank’s Founder and Chairman, David F. Goldberg, passed away peacefully at home at the age of 85.

A mentor to countless traders and a giant in the exchange industry, many of you knew Dave personally.  Dave was a LaSalle Street success story — a self-made man who started out as a teenage floor clerk at the Chicago Board of Trade and went on to lead an accomplished career as a commodity trader and business owner.  Never one to settle for complacency, Dave and his brother Bob built Goldberg Brothers into one of the largest clearing and trading firms in the industry with thousands of traders populating the trading floors in six different cities — spanning from San Francisco to London.

Grateful for the professional opportunities provided to him by the exchanges, Dave gave back to the industry by serving as a founding member and Director of the Chicago Board Options Exchange, as well as a Director of the Chicago Board of Trade, Chicago Stock Exchange, Options Clearing Corporation, and the Securities Investor Protection Corporation (SIPC), appointed by President Ronald Reagan.

Upon the successful sale of his trading firm in 1988, Dave eschewed retirement and founded Burling Bank, a boutique banking business located in the landmark Chicago Board of Trade Building.  For twenty-seven years Dave served as Chairman of the Bank and continued to share his wisdom and guidance from his perch overlooking the LaSalle Street Canyon.

Always a proponent of service and helping others, Dave served in the U.S. Coast Guard and on countless charitable boards such as Loyola Academy, Regina Dominican High School, St. Francis Hospital, and Catholic Charities of Chicago.

Though he was a pragmatic man, David Goldberg believed in the promise of tomorrow.  In that spirit, we honor Dave today for what he meant to each and every one of us, and celebrate a life of purpose and an individual of character.  On behalf of Dave’s family, and the Bank’s Board of Directors and staff, we thank you for your friendship, your loyalty, and your confidence as part of the larger Burling family.

Very truly yours,

Andrew C. Goldberg                          Michael J. Busch

Vice Chairman                                    President

A memorial service will be held in Glenview, IL on November 4, 2016. For more information please click here.

As the world around us changes, so do your financial needs. At Burling Bank, access is much more than ATM or online banking. We believe that access is about empowering our clients with the convenience of technology and the benefits of interacting with a team of experienced bankers who are ready to respond to your needs. Yes, you can have your cake and eat it, too.

Burling Bank is redefining access with the personalized approach, advanced services, and technology tools you need to manage your finances. We give you access in every interaction, putting you first whether online, by phone or in person.

Burling Bank redefines access for your business and personal financial needs with:

• Access to People: Our personable team of bankers care about your business and your family. We are here to help you take your business to the next level, while providing the best financial and credit programs for your business or household. We treat each client with respect and our decision makers respond to your request in a timely manner.
• Access to Accounts: In person, online and on the go, Burling has invested in the latest banking technology for your benefit. From the ability to deposit checks and transfer funds from your phone, to online banking with bill pay and budgeting tools, to our MobiMoney app, Burling Bank puts your financial security and convenience at the forefront.
• Access to Community: As a community bank, it is our responsibility and privilege to support our network of clients, business owners, professionals, and residents in the Chicagoland area. We’re grateful for the opportunity to partner in your success and serve as a resource for you and your business.

Community driven and personally focused, Burling Bank drives your banking experience with consistent access to the resources, tools and knowledge you need. To explore the Burling Bank difference, contact our office at (312) 408-8400 or visit us on www.buringbank.com.