Founder of Broadway Bank dies suddenly

Alexis Giannoulias, founder and chairman of Chicago-based Broadway Bank, died suddenly while traveling in his native Greece over the weekend.

Mr. Giannoulias, 69, suffered an apparent heart attack, according to a spokesman for his son, Alexi Giannoulias, who is the Democratic nominee for state treasurer.

In 1978 Mr. Giannoulias founded Broadway Bank in the Edgewater neighborhood after a career as a food salesman, begun after he emigrated to the U.S. in 1962.

The bank began as a lender to Greek business owners in Chicago and evolved into an aggressive lender to commercial real estate developers around the country. For the last four years, Crain’s Chicago Business has ranked Broadway Bank No. 1 in the Chicago area based on return on assets.

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