Belmont–Sheffield Trust and Savings Bank Building
| Company type | Bank (defunct) |
|---|---|
| Industry | Banking |
| Founded | 1928 |
| Defunct | 1932-06-24 |
| Headquarters | Chicago, Illinois , United States |
The Belmont–Sheffield Trust and Savings Bank Building is a notable edifice constructed in 1928, located at 1001 W. Belmont Avenue in Chicago, Illinois. It has been recognized on the National Register of Historic Places since 1984.
History
Architect John A. Nyden designed this six-story structure, which is arranged in a U-shaped form surrounding a two-level central atrium. Originally, this atrium was open to allow daylight into the bank's main lobby; however, it has since been covered with a roof.
At its inception, the building accommodated the Belmont–Sheffield Trust and Savings Bank on the first floor and part of the second floor. The remaining portion of the second floor and the entire third floor were used as office spaces, while floors four through six housed the Montfield Hotel. Due to financial strains during the Great Depression, the bank ceased operations on June 24, 1932. The bank’s former premises remained empty until World War II, when they were adapted for use by a local rationing board. In the 1950s, the space also served as headquarters for the Lake View Citizens' Council.
Following an extended period of vacancy, a developer obtained federal financing in 1984 to transform the Montfield Hotel into 54 residential apartments, maintaining retail establishments on the ground level. Ownership transferred again in 2005, leading to the conversion of upper floors into loft condominiums, now identified by the address 3150 N. Sheffield. In 2008, the Commission on Chicago Landmarks officially designated this building as a landmark alongside fifteen other historic neighborhood bank structures.