MAYOR DALEY, GUESTS CONGRATULATE BANKERS LIFE AND CASUALTY COMPANY ON 125TH ANNIVERSARY
Thursday, December 2, 2004
CHICAGO (February 12, 2004) - In a week when
major Chicago employers Bank One and Fannie May Candies announced
they will leave town, Mayor Richard M. Daley was happy to celebrate
the 125th anniversary of one company's commitment to
Bankers Life and Casualty Company, the City's oldest life and
health insurance company, has been doing business and employing
tens of thousands of Chicagoans since 1879, the year the electric
light bulb was invented.
At a January 16 ceremony at Bankers' new offices at 600 West
Chicago Avenue, in the Kingsbury Park neighborhood, the Mayor
declared Saturday, January 17, 2004 Bankers Life and Casualty
Congratulating the company's agents and employees both past and
present, he thanked the national insurance company for being a good
corporate citizen and stressed the importance of strong companies
to the City's well-being. He also praised Bankers for being a
company that gives back to its community through its work on behalf
of the Alzheimer's Association, the International Longevity Center
and Meals on Wheels, Chicago.
Bankers was founded as Hotel Men's Mutual Benefit Association in
1879. This summer, the company will move about 600 of its 1,200
home office employees into the new space at 600 West, the old
Montgomery Ward catalog fulfillment warehouse. The company will
retain its headquarters at the Merchandise Mart, Chicago.
Citing the rarity of companies more than a century old, Bankers
President and CEO Ed Berube said his company planned to honor its
rich history by pursuing an aggressive growth strategy in 2004.
"We've always been an industry leader and we're proud of that
heritage. This year, both the number of branch offices and the
number of agents will grow substantially," he said.
Joining Mayor Daley and Berube on the dais at the morning
reception were Dan Veto, Senior Vice President of Marketing and
Strategic Planning for Bankers, and John McLinden, a principal in
Centrum Properties, whose firm partnered with Taconic Investment
Partners and others to reposition and renovate the 600 West
property. Other guests included representatives from City and State
government as well as Meals on Wheels and the national and state
Established in 1879 and headquartered at the historic
Merchandise Mart in downtown Chicago, Bankers Life and Casualty
Company focuses exclusively on the financial security needs of
seniors. The company offers a broad portfolio of health and life
insurance and retirement savings products designed especially for
seniors. These products are distributed through a national network
of professionally trained company agents. Visit us online at www.bankers.com.